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Wednesday, 29 June 2022

2406) "Great Polish Rulers - A Rectangular Coin set", Poland: The National Bank of Poland has issued this set of six Silver Proof Coins based on the designs of the country's currently circulating Zloty Banknotes: Date/Year of Coin issue: 21.06.2022:

2406) "Great Polish Rulers - A Rectangular Coin set", Poland: The National Bank of Poland has issued this set of six Silver Proof Coins based on the designs of the country's currently circulating Zloty Banknotes: Date/Year of Coin issue: 21.06.2022:

A New set of rectangular silver Proof coins replicate all currently circulating Zloty banknotes:

The National Bank of Poland has issued on 21.06.2022, a new set of six rectangular silver Proof collector coins which detail the designs of Poland’s current banknotes in denominations of 10 to 500 Zloty.

The Header/Banner shows the Obverses and Reverses (Fronts and Backs) of the silver rectangular Coin issues based on the designs of the country's currently circulating Zloty Banknotes

The evolution of Polish Currency:

The "Zloty" (translated from the word “golden”) has been in use in Poland intermittingly since it was created by the country’s parliament in 1496 and was equal to thirty "Groszy" — a derivative of the German coin groschen, and in place until the nineteenth century.

 However, though the Zloty remained in use during the initial two partitions of the Polish state among the Kingdom of Prussia, the Empire of Russia, and Austria-Hungary Empire in 1791, and a subsequent third partition, coinage from these nations was also in use

At the end of the First World War the Polish state emerged once more as an independent nation and a new currency was introduced

The new provisional parliament voted in 1917 to approve the "Polish Marka" - subdivided into "100 Fenig" (modelled after the German currency). 

The monetary reform of the short-lived Kingdom of Poland (1917–1918) and ultimately the "Polish Marka" remained in use until 1924 when it was replaced with the "Polish Zloty", now divisible into "100 Groszy". 

With the conclusion of the Second World War and the imposition of communist rule by Soviet-backed forces, the newly established National Bank released a recalibrated and third version of the Zloty in 1950 with an exchange rate of 100 old Zloty to one new Zloty. 

This system remained in place until the end of communist rule in 1989 though the currency experienced hyper-inflation with banknotes in use denominated up to 2,000,000 Zloty. 

As the currency stabilised and the need for a new series of banknotes became acute, the National Bank re-calibrated the Zloty once again in 07/1994 and initiated a new exchange rate of 100,000 old zloty to one new zloty. 

This Series of Banknotes of graduated sizes and coins was released in 01/1995 consisting of values of 10 to 200 "zlotych" and coins from one "groszy" to five "zloty". 

Between 2013 and 2014, additional security features were incorporated into all five denominations with an added white-coloured field where the watermark is located. 

A new and sixth denomination, the 500-zlotych banknote was introduced in 2017 and in 2021, the National Bank of Poland announced that a 1,000-zlotych banknote will be introduced in the near future.

 All banknotes are printed within Poland at the National Bank’s security printing facilities.

The 2022 rectangular Coin issues:

The coins have been minted by the Mennica Polska (Mint of Poland) at their facilities in Warsaw, on behalf of the National Bank and formatted by Robert Kotowicz. 

The Obverses depict in detail the second of the revised designs seen on currently circulating zlotych banknotes, which is the work of Andrzej Heidrich (1928–2019). 

His series titled - “Great Polish Rulers” has been in use since 1995 and each denomination includes the date of the most recently released version. 

The Reverses also replicates the designs and artistry seen on each denomination from 10 to 500 zlotych.

Depicted on the Reverse, (which differs slightly from the notes), is the coin’s issuing authority "RZECPOSPOLITA POLSKA" along with the year of release "2022" seen in the upper-right corner.

 Each coin’s denomination is that of the banknote it represents.

The specification of the Silver Coin set are:

Country of issue: Poland; Date/Year: 2022; Coin Theme: "Great Polish Rulers Rectangular Coin set"; Denomination/Face Value(s): 10 to 500 Zlotych; Metal Composition: .999 Fineness pure Silver (Ag); Weight: 1.00 Oz or 31.1 grams; Diameter/Size: 50.00 mm x 25.00 mm; Coin Quality: Proof (P);  Mint: The coins have been minted by the Mennica Polska (Mint of Poland) at their facilities in Warsaw; Mintage: 3,000 sets; Designer: Andrzej Heidrich (1928–2019) and formatted by Robert Kotowicz.

Packaging: The six coin denominations are available in sets only and are specially encapsulated to accommodate their rectangular shape. All six coins are housed in a wood-crafted custom case which enhances their display with a built-in easel. 








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4 comments:

  1. Rajan Trikha has commented:
    "Very informative."

    ReplyDelete

  2. Santosh Khanna has commented:
    "Very informative post. Thanks for sharing."

    ReplyDelete