Finnish 20 markka gold coin
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.
- Finnish 20 markka gold coins are perfect for coin collections. These coins were the first struck gold coins after Finland adopted the gold standard in 1878.
- Finnish 20 markka gold coins are wonderful gifts. This coin comes in an affordable weight and is embellished with the beautiful coat of arms of Finland.
- Finnish 20 markka gold coins are money. They are exempt from Value Added Tax, and as such are exchangeable throughout Europe by bullion dealers and investors alike.
- Finnish 20 markka gold coins are the equivalent of savings. Finnish gold 20 marks are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
- Finnish 20 markka gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes markka gold coins serve as a portfolio hedge against market risk.
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
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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 is fully insured and delivered by Posti. After we have received your payment, the products will be dispatched within 24 hours. Delivery time is within 2 or 3 working days. You will receive a delivery notification from Posti and after that you may pick up your order from the nearest post office. If you wish, you can also personally pick up your order at one of our offices in Helsinki the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay.