Estimate: 1.300 EURThrace,
Byzantion.
Stater (250–1st century BC).
Condition: ef+
69
Estimate: 1.800 EURRoman Empire,
Matidia.
Denarius (112 AD), Rome.
Condition: very rare, vf /vf+.
222
Estimate: 11.000 EURRoman Empire,
Julian II. Apostata as Caesar.
Solidus (355–357 AD), Rome.
Condition: unc
581
Estimate: 6.000 EURDenmark,
Frederik IV.
Double-Ducat 1704, Copenhagen.
With certificate of authenticity.
Condition: ef-
681
Estimate: 1.000 EURIreland,
George III.
6 Shilling Token 1804.
Condition: PL
805
Estimate: 1.000 EURNetherlands,
Friesland.
Adler-Taler 1598.
Condition: Very rare, vf
886
Estimate: 2.000 EURSinzendorf,
Johann Wilhelm.
Ducat 1753, Nuremberg.
Condition: rare, lightly worked, vf-
1165
Estimate: 2.000 EURPomerania-Stettin,
Bogislaus XIV.
Taler 1629.
Condition: very rare, very fine details, vf+.
1385
Estimate: 1.200 EURReuss,
younger line,
Heinrich XIV.
2 Mark 1884 A.
Condition: unc-
2059
Estimate: 12.500 EURDependencies, Danzig.
25 Gulden 1923.
Condition: PCGS PR62
2681
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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