Estimate: 19.900 EURHersfeld Abbey,
1/2 Reichstaler 1621,
under Wilhelm V of Hesse-Kassel as administrator.
Condition: ef+
3018-589
Estimate: 9.890 EURFrance,
city of Besançon,
3 Pistols 1666 with title Charles V.
Condition: CH UNC
3019-931
Estimate: 5.800 EURHoly Roman Empire,
Bavaria, Chaise d'or (imperial shield)
1328-1347 under Emperor Louis IV.
Condition: ef
3020-009
Estimate: 3.680 EURGreece,
Eastern Celts,
Tetradrachm (3rd-2nd century BC).
Condition: ef
3020-877
Estimate: 485 EURArchbishopric of Salzburg,
Reichstaler 1654-1668
under Count Guidobald von Thun.
Condition: vf-ef
3019-824
Estimate: 350 EURGreat Britain,
Halfpenny-Token 1794,
Kent-Dover.
Condition: MS65 BN
3020-591
Estimate: 485 EURSaxony,
Siegesthaler 1871 under Johann.
Condition: vf-ef
3003-367
Estimate: 1.180 EURByzantine Empire,
Solidus (491-518)
under Anastasius the righteous.
Condition: vf-ef
3005-316
Estimate: 2.650 EURRoman Empire,
Sesterz (225-227) Orbiana,
wife of Severus Alexander.
Condition: ef
3020-873
Estimate: 1.950 EURKingdom of Bohemia,
Ducat 1676 under Leopold I.
Condition: vf
3021-518
Archive: People and Markets

Ruthenium on Euro Commemorative Coins: Mints Turn to Innovative Finishes – with the Blessing of Central Banks

By Sebastian Wieschowski

Have you ever heard of ruthenium? For most coin collectors and precious metal investors, this platinum-group metal has likely gone unnoticed – and for good reason. Ruthenium is one of the rarest non-radioactive elements on Earth, found only in minute quantities in the Earth’s crust. Its primary use is as an alloying element with other platinum-group metals. As a result, coins made of pure ruthenium simply do not exist.

Three precious metals on a single coin – Malta honours its first collector coin with contemporary finishing techniques. Photo: Central Bank of Malta.

Three precious metals on a single coin – Malta honours its first collector coin with contemporary finishing techniques. Photo: Central Bank of Malta.

Instead, ruthenium has occasionally been used to enhance modern silver coins, particularly in the context of teleshopping and mail-order sales. These were always private, aftermarket colour applications. However, for the first time, a eurozone country has issued a commemorative coin featuring rare ruthenium galvanisation: Malta has released a €5 flower-shaped coin adorned with ruthenium, yellow gold, and palladium.

In sequential steps, the individual parts of the coin are galvanised. Photo: Central Bank of Malta

In sequential steps, the individual parts of the coin are galvanised. Photo: Central Bank of Malta

This exotic masterpiece carries a deeper meaning: Malta’s coin commemorates its first collector coin from 1977, which depicted the Maltese bee. The design highlights the country’s historical connection to beekeeping and its commitment to preserving natural heritage.

Gilded and antique finish – with the approval of the Croatian Central Bank. Photo: Croatian Mint.

Gilded and antique finish – with the approval of the Croatian Central Bank. Photo: Croatian Mint.

Malta’s new commemorative coin reflects a broader trend in modern numismatics: an increasing number of eurozone countries are adopting innovative finishing techniques, which have traditionally been the hallmark of private mints and distributors. Croatia recently issued its Dragon of Trsat coin with an antique finish and partial gilding – two effects previously more commonly seen on TV or in the glossy catalogues of mail-order companies.

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