Tavex is proud to present historical Finnish 20 markka gold coin.
Finland adopted the gold standard in 1878, joining the international system of the gold standard that endured until the First World War. In this monetary reform, one Finnish gold markka was given the same value as the French franc. Finland continued to redeem banknotes in gold until 1915. The gold standard was reintroduced in 1926–1931, and it was abandoned again during the recession in the early 1930s. Since then, notes have no longer been redeemed in gold.
Finnish 20 markka gold coins were struck in 1878–1880, 1891, 1903, 1904, 1910–1913. They are suitable for any investor who values legacy and prefers historical gold coins.
By virtue of the gracious edict of Tsar Alexander II, issued on 4 April 1860, Finland had received its own monetary unit, the markka, tied to the Russian rouble, which itself was a fluctuating currency. The name ‘markka’ was defended by the fact that it was the oldest name for money in Finland; originally, it had been used for a medieval unit of weight.
In 1863 Johan Vilhelm Snellman was appointed Chief of Finance of the Senate. In this office, he was responsible for Finland's economic policy, and his key achievement was the pegging of the Finnish markka to the silver standard in 1865, which led to the stabilisation of the country's currency.
The monetary reform, however, did not prove sustainable, as in the 1870s the price of silver started to decline and one state after another changed over to the gold standard: Germany in 1871, Denmark and Sweden in 1873, Norway in 1875 and Finland in 1878. Russia did not adopt the gold standard until 1897.
Redemption of banknotes in gold was suspended in Finland in 1915. In 1926–1931 the gold standard prevailed again until it was abandoned as a consequence of the depression of the early 1930s. Since then, it has not been possible to exchange banknotes for gold.
Source: Bank of Finland
In the centre of the obverse, the face value of the coin 20 MARKKAA and its year of issue are inscribed below the emblem. In the circle around the coin's nominal value the metal content of the coin is displayed with weight: 0,645 GRM KUPARIA (copper), 5,806 GRM KULTAA (gold).
The reverse shows the Coat of Arms of Finland as a double-headed eagle holding a sceptre and an orb in its talons. The eagle's chest carries a shield decorated with the image of lion - the coat of arms of the Grand Duchy of Finland - an autonomous part of the Russian Empire. The crowns pictured above the eagle are adorned with ribbons. Below is the text FINLAND SUOMI.
Each coin is individually packaged in a hard plastic capsule if desired.
Your order delivered by Posti and is fully insured. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 1 or 2 working days. Posti courier will contact you via phone.
You are welcome to come and collect your products at our office in Helsinki the same day that we have received your payment.
The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.
The products are encased in protective wrapping and placed in a discreet, unbranded padded package.
Once the products have been packaged and sent you will receive instructions and a code to track the shipment
Should a delivery delay occur or if the ordered product is out of stock, we will always contact you by email to give you details about the delivery.
The shipping charge is 18 euros per 5000 euros insured package, applicable to deliveries within Finland. If you wish to have your products delivered to another country, please contact us on +358 9 68 149 149 or by email at email@example.com for prices and terms.
Tavex has the majority of products always in stock and therefore can offer you quick delivery and same day pickup with market leading prices. Tavex is an official partner for all the biggest mints in the world, such as The Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.
Feel free to visit our office during opening hours to take a free consultation or learn more about a specific product. If you purchase online you can pick-up the products at the same day we receive the payment.
Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex you can maximise your investment’s return because of low margins and spreads.