Russia to issue 5 kg gold coin

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SummaryThe Bank of Russia will issue a commemorative gold coin weighing five kilograms next month to mark its 150th anniversary, according to an official.

The Bank of Russia will issue a commemorative gold coin weighing five kilograms next month to mark its 150th anniversary, according to an official.

"The Bank of Russia (Central Bank) marks its anniversary on June 12, after this date the coin will be sent to commercial banks," head of the Central Bank's cash circulation department Alexander Yurov was quoted as saying by RIA Novosti.

A total of fifty 24-carat gold coins weighing five kg denominated 50,000 roubles would be minted, but additional coins may be issued depending on demand.

The actual cost of the coin for collectors would depend on the current gold price.

The reverse side of the coin illustrates Czar Alexander II, who founded the State Bank in 1860, and the bank's celebrated head officers - Alexander Shtiglits and Eugene Lamansky.

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