The Sochi 2014 Organizing Committee, in conjunction with the Central Bank of the Russian Federation, Goznak and Sberbank of Russia, have announced the final two series of coins dedicated to the XXII Olympic Winter Games and XI Paralympic Winter Games of 2014 in Sochi. A total of 23 coins will be put into circulation, with the jewel in the crown being several commemorative gold coins weighing 1 and 3 kilograms.
The "Sochi 2014" Coin Program is going to be one of the biggest in the history of the Olympic Movement. In the period between 2011 and 2014, a total of 47 different types of commemorative and investment coins will have been launched, made from gold, silver and non-ferrous metals. The total number of coins produced will exceed 46.7 million.
One particular silver commemorative coin entitled "Sports Facilities of Sochi", with a denomination of 200 roubles and a weight of 3 kilograms, would be the pride of any numismatic collection. The coin depicts the Olympic venues for the 2014 Games - the "Bolshoy" Ice Dome, the "Fisht" Olympic Stadium, the "Shayba" Ice Arena, the "Ice Cube" Curling Center, the "Iceberg" Skating Palace and the Adler Arena, as well as Sochi's principle tourist attractions - the Dendrarium, the sea port and Mount Akhun.
The coins in the third series of the Sochi 2014 coin program are: four silver commemorative coins with a denomination of 3 roubles - "Curling", "Nordic combined", "Speed skating" and "Luge". On each coin, endemic plant growing in the Sochi region is depicted in addition to the winter sports athletes.
In the same series, a commemorative silver coin with a denomination of 100 roubles will be released, entitled "Russian Winter" ("The Hill"), dedicated to winter kinds of games traditionally popular in Russia from of old.
The third series will also contain two commemorative gold coins with a denomination of 50 roubles: "Ski Jumping" and "Ice Hockey", which will depict competitors in the first ever Olympic Winter Games.
The real jewel in the crown of the third series will be a gold commemorative coin with a denomination of 10,000 roubles, entitled "Prometheus" and weighing 1 kilogram. Legend has it that it was Prometheus who stole fire from the Gods on Mount Olympus and gave it to the people.
A commemorative coin of copper-nickel with a denomination of 25 roubles featuring mascots of the XI Paralympic Winter Games in Sochi - Ray of Light and Snowflake – will also be released. In total, 10 million copies of this coin will be minted and put into free circulation.
In June 2013, the fourth and final series of coins will enter circulation. The series will include 12 different commemorative and investment coins featuring different themes connected with the Sochi 2014 Games.
In the fall, another unique item will be added to the Sochi 2014 Coin program: a commemorative coin of copper-nickel, with a denomination of 25 roubles and depicting the Sochi 2014 Olympic torch.
Notes to the editor
The Sochi 2014 Coin program is continuing an age-old tradition: the minting of coins dedicated to the Olympic Games. The first ancient Olympic coin dates from between 510 and 500 B.C. The first contemporary Olympic coin was minted for the 1952 Games in Helsinki.
The themes and designs of the Sochi 2014 coins reflect not only Olympic subjects, but also Russia's national characteristics, and the particular traits of the region that is going to host the Games: the city of Sochi and its unique natural surroundings. 9 investment coins are also going to be minted, with an original rectangular shape and featuring the mascots of the Games in Sochi.
The Sochi 2014 coin program is being conducted in close cooperation with the Central Bank of the Russian Federation (the coin issuer), the General Partner of the Sochi 2014 Organizing Committee Sberbank of Russia (the exclusive distributor of coins made of precious metals bearing the marks of the Games on Russian territory) and "Goznak" (the embosser of the coins at the mints of the Russian Federation)
The implementation of the Coin Program represents yet another step forward in the active development of the Sochi 2014 licensing program. The total sales volume for Sochi 2014 licensed merchandise at the licensees' retail prices could reach 500 million dollars. The direct profits made by the Sochi 2014 Organizing Committee as a result of implementing the licensing program could reach 30 million dollars.