NBG Announces Sale of Bagrat III and Parnavaz I Collector Coins

NBG Announces Sale of Bagrat III and Parnavaz I Collector Coins

25 August, 2023

NBG’s Kings of Georgia series of collector coins features the monarchs whose rule was a turning point in the history of the country. The series highlights the country's socio-political and historical context and special episodes that considerably transformed the country's development path at different times.


From 2020 to the present, the gold and silver collector coins produced as part of the Kings of Georgia series were dedicated to Erekle II, David the Builder, King Tamar, Vakhtang Gorgasali and George the Brilliant. The present gold and silver collector coins celebrate Kings Bagrat III and King Parnavaz I, thereby completing the said series.


Bagrat III


Bagrat III is one of the outstanding rulers in the history of Georgia. His major accomplishments include the unification of the feudal monarchy of Georgia and the formation of a unified Georgian state in the developed Middle Ages.

Parnavaz I

King Parnavaz I is also a monarch with outstanding achievements in the history of Georgia: he laid the foundations of the Georgian state, as he liberated Mtskheta from the invaders and unified the rest of the territories of Georgia.


The sale of 5-lari gold and silver coins celebrating both King Bagrat III and Parnavaz I will start simultaneously, on the following terms:

  •  
  • The sale price of 1 unit of the gold coin for both themes is GEL 1,470, and GEL 100 for a silver coin.
  • Issuance of pre-ordered coins will begin from August 31, 2023 at the following locations:

    • Cash center of the National Bank of Georgia (72, Kakheti Highway, Tbilisi, from Monday to Friday, 10:00 AM to 5:00 PM, break 1:00 to 2:00 PM); and at the Money Museum of the National Bank of Georgia (10, Shota Rustaveli street, Kvareli, from Thursday to Monday, from 10:00 AM to 5:00 PM, break from 1:00 to 2:00 PM) provided that payment of the remaining amount is made by the client or their authorized person who must present an identity document;

    • Internet store of the National Bank of Georgia, provided that client pays the remaining amount and the cost of delivery (including insurance); See detailed terms of order completion and delivery: https://moneymuseum.nbg.gov.ge/index.php?m=384


Clients who have pre-ordered coins can check their email for detailed information about receiving coins.

  • From September 14, 2023, the coins will be available for free sale both through the Internet store of the Money Museum of the National Bank of Georgia as well as at the Cash Center of the National Bank of Georgia and the Money Museum. In case of high client demand during the sale of the coins, the NBG reserves the right to limit the number of the coins sold per client for a certain period of time in order to make them available to more interested parties.


Design and description of coins




The main composition of the obverse of the coin is the figure of King Bagrat III with a model of the church in his hands, the image as preserved in the Bedia temple. The left part depicts Bedia alter chalice, which was donated by King Bagrat III and his mother, Queen Gurandukht, to the Bedia temple built by them (the said detail on the silver coin is gilded). The King’s attire uses samples of Georgian fabric of the 11th century. It also features precious stones with studs. The obverse bears the Georgian inscription denoting the name of the King "ბაგრატ III" and the years of his reign - "975 - 1014".


The central composition of the reverse of the coin is the image of the crown of Bagrat III, taken from the fresco of Bedia temple. The date "2023" is written on the reverse, and the circular inscriptions: denomination value in Georgian "5 ლარი", "საქართველო", "GEORGIA", and the ornaments of Bedia Cathedral are depicted between them.

Gold coin features:

Denomination: 5 LARI

Composition: Au 900

Weight: 8.5 gram

Diameter: 25 mm

rib: smooth

Quality: proof

Circulation: 700 pcs

Date of production: 2023

Silver coin features:

Denomination: 5 LARI

Composition: Ag 925

Weight: 17 gram

Diameter: 34 mm

Rib: smooth

Quality: proof

Circulation: 4500 pcs

Date of production: 2023

Designers: Shorena Chachanidze, Mariam Chachanidze
Coins were produced at the Polish Mint - Mennica Polska

 

 

The main composition of the obverse of the coin is the image of King Parnavaz I holding a scroll (this detail on the silver coin is gilded) and the majuscule inscription denoting the king's name, taken from the bas-relief created by the sculptor Jemal Tushurashvili. The obverse bears the inscription "ფარნავაზ I" (the King’s name in Georgian), the era of his reign - "ძვ.წ. IV-III სს" and an excerpt from The Life of Kartli about Parnavaz I: „ამან შექმნა მწიგნობრობაჲ ქართული“ (translated as "He created the Georgian writing system"). Fragments of Georgian manuscript ornament are featured in between.


The central composition of the reverse of the coin is the crown highlighting the alphabet of Parnavaz I. The denomination value in Georgian "5 ლარი" is also written on the reverse, as well as the circular inscriptions: "საქართველო", "GEORGIA", "2023".

 

Gold coin features:

Denomination: 5 LARI

Composition: Au 900

Weight: 8.5 gram

Diameter: 25 mm

rib: smooth

Quality: proof

Circulation: 700 units

Date of production: 2023

Silver coin features:

Denomination: 5 LARI

Composition: Ag 925

Weight: 17 gram

Diameter: 34 mm

Rib: smooth

Quality: proof

Circulation: 4500 units

Date of production: 2023

Designers: Mariam Rusishvili (obverse), Giorgi (Genadi) Gegelia (reverse)

Coins were produced at the Polish Mint - Mennica Polska