Collector coins to mark the Games of the XXXI OlympiadPrint
27 April 2016 - The Magyar Nemzeti Bank has issued a gold collector coin with a face value of HUF 5,000, a silver coin with a face value of HUF 10,000 and a non-ferrous metal coin with a face value of HUF 2,000 in honour of the Games of the XXXI Olympiad. The MNB has been issuing collectors coins to commemorate the world’s most-viewed sports event since 1984; however, it is the first time that a non-ferrous is issued with the Olympics as its theme. The silver and non-ferrous coins also contain so-called micro lettering safety features.
All three collector coins are legal tender. Contrary to other coins issued with the Olympics as their theme, the collector coins issued in honour of the Games of the XXXI Olympiad not only depict a successful discipline of sport, but common motifs also underline the connection between the coins: the depiction of a female gymnast representing the elegance and dynamism of sport, the official logo of the Hungarian Olympic Team and the 168 logo supplementing it, which hints at the number of Olympic gold medals won by Hungarian athletes. The collector coin was designed by Andrea Horváth.
The gold collector coin with a face value of HUF 5,000 is part of the Smallest Gold Coins of the World collection. The obverse of the collector coins bears a representation of the Hungarian Team logo, the commercial logo of the Hungarian Olympic Committee, as a main motif. The compulsory design elements: the inscription ‘MAGYARORSZÁG’, the value numeral ‘5000’, the mint mark ‘BP’ and the mint year ‘2016’ also feature on the obverse.
The right side of the reverse contains a representation of the female gymnast as a common motif. The inscription ‘MAGYAR OLIMPIAI CSAPAT • RIO 2016’, the 168 logo supplementing the ‘Magyar Csapat’ logo as well as the initials of the designer also feature on the reverse.
The silver and non-ferrous metal coins have the same design, the only difference between the two being the value numeral on the two denominations. On these coins, the representation of the gymnast is placed on the obverse as a main motif. The compulsory design elements: the inscription ‘MAGYARORSZÁG’, the value numerals ’10000’ and ‘2000’, the mint mark ‘BP’ and the mint year ‘2016’ are also on the obverse.
A novelty of this year’s collector coin issuance is the safety features in the mint mark of the coins. The letters ‘B’ and ‘P’ typed in micro lettering raise the level of protection of the coins against counterfeiting. (Only the silver and non-ferrous metal coins have this safety features.)
The reverse of the silver and non-ferrous metal coins contains the ‘Magyar Csapat’ logo of the Hungarian Olympic Committee, surrounded by the ‘MAGYAR OLIMPIAI CSAPAT’ upper and ‘RIO 2016’ lower legends. The upper and lower legends are separated by two point motifs (‘•’). Six Olympic disciplines are represented in the area between the legend and the edge of the coin: a gymnast, a fencer, a swimmer, a kayaker, two wrestlers and a water polo player. The reverse also features the initial of designer Andrea Horváth.
AThe gold coin with a face value of HUF 5,000 is struck in .999 fine silver and weighs 0.5 grams. It is 11 mm in diameter and has a smooth edge. The silver coin with a face value of HUF 10,000 is struck in .925 fine silver and weighs 24 grams. The non-ferrous metal coin is produced from an alloy of copper (75%) and nickel (25%) and weighs 23.7 grams. The latter two coins have a diameter of 37 mm and they have a milled edge.
From 2014, all collector coins produced from precious metals will also be issued in low-cost versions made from non-ferrous metals. In order for collector coins to play their role as a store of value, the silver coin with a face value of HUF 10,000 and the non-ferrous metal coin with a face value of HUF 2,000, respectively, can be purchased at a price equal to the face value for three months after their issue and without a time limit, until stocks last. The gold coins will be sold at their market price from the date of issue.
The mintage limit of all three collector coins is 5,000: the gold, silver and non-ferrous metal versions, respectively, will be produced in a proof-like, proof and BU finish.
The coins are distributed by the Hungarian Mint Ltd. They will be on sale from 27 April 2016 at the coin shop of the Mint (17 Hold utca, Budapest) and in the Mint’s webshop (http://penzvero.hu/), where a number of collector coins produced from gold, silver and non-ferrous metals issued earlier are also on sale.
Magyar Nemzeti Bank