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Stack's Bowers & Ponterio
January 2022 NYINC Auction  14-16 Jan 2022
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Lot 1442

Starting price: 2400 USD
Price realized: 5500 USD
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LATVIA. 5 Lati, 1932. PCGS PROOF-63.
KM-9. This nicely preserved blast white example boasts crisp frosty devices with hard reflective fields. The strike is sharp with clear well-defined design features and expressive portrait offering a pleasing appearance. Clearly struck in limited quantities proof versions of this type seldom appear on the market and should be considered VERY RARE and desirable.

According to A New History of the Royal Mint, the mint in London sought contracts from foreign countries instead of just those within her empire following World War I. Fortunately, some of the countries were newly created and independent due to the Treaty of Versailles, including Latvia, were in need of coin making services.

Estimate: $4000 - $6000

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