|Coin||Silver Three Ounces 2021 Nautical Ounce - Sedov|
The Rwandan Franc was introduced as the currency of Rwanda in 1964. Apart from its regular circulating coinage, the country has also authorised some foreign mints to issue coins under its jurisdiction, which come in a variety of sizes - including in the large three troy ounces (3 oz) of silver format, denominated usually as 1,000 Francs. These coins are Non-Circulating Legal Tender (NCLT) and not bullion, because they are issued at prices significantly above the intrinsic value of the precious metal they are made of.
This coin is part of the Rwandan Nautical Ounce series which features a new reverse design every year, and commemorates the Sedov sailing ship.
The Sedov, built as Magdalene Vinnen II 1921 in Kiel, then renamed Kommodore Johnsen 1936, is a quarter-masted steel barque. She now sails under the Russian flag and is one of the largest sailing ships in the world still sailing traditionally.
The ship traded hands after the surrender of Nazi Germany in 1945 and was renamed to Sedov after the Russian naval officer and polar explorer Sedov (Russian: Георгий Яковлевич Седов, Georgi Yakovlevich Sedov, spelled Georgi Jakowlewitsch Sedow in German). Since 1991 she is owned by the Technical University of Murmansk, and is used as a training vessel for navy officers, and a museum.
Within a plain rim, the obverse of the coin features the Coat of Arms of Rwanda. At its centre is a traditional basket, surrounded by the central tribal devices: a stem of sorghum on the left, and a branch of a coffee tree on the right, surmounted on a cog wheel with the sun with its rays above. These are protected by two typical Rwandan shields, one on the right and one on the left. The design is encircled by a rope, tied below in a square knot.
On a ribbon above, REPUBULIKA Y'U RWANDA (Republic of Rwanda); on a ribbon below, the motto UBUMWE · UMURIMO · GUKUNDA IGIHUGU (Unity, Work, Patriotism in Kinyarwanda - the official Rwandan language).
Around above, the name of the issuing authority: BANKI NKURU Y'U RWANDA (National Bank of Rwanda; in French: Banque Nationale du Rwanda; abbreviated as BNR).
Around below, the face value AMAFARANGA 1000 IGIHUMBI (1,000 FRW - one thousand Rwandan Francs).
The reverse design depicts the Sedov at full sail.
Above right, a compass rose (sometimes called a "wind rose") showing the main directions, with "rhumb lines" radiating from it into the background of the design. In an oval above the ship, encircled by a rope, navigational instruments of the time: spyglass, compass and sextant.
On the waves below, the name of the ship: Sedov.
Around left, the name of the coin series: NAUTICAL OUNCE.
Around above right, the date of issue 2021. Around below right, facing outward, the precious metal content: 3 oz FINE SILVER 999 (three troy ounces of 99.9% silver).
||NAUTICAL OUNCE 2021 1 oz FINE SILVER 999 Sedov
Finish: antique, Ultra High Relief (6 mm).
Packaging: in plastic capsule, with a Certificate of Authenticity branded with BNR (National Bank of Rwanda).
Coins in the Nautical Ounce series include:
- 1 oz Gold, Nautical Ounce - Santa Maria, 2017
- 1 oz Silver, Nautical Ounce - Santa Maria, 2017
- 1 oz Gold, Nautical Ounce - HMS Endeavour, 2018
- 1 oz Silver, Nautical Ounce - HMS Endeavour, 2018
- 1 oz Gold, Nautical Ounce - Victoria, 2019
- 1 oz Silver, Nautical Ounce - Victoria, 2019
- 1 oz Gold, Nautical Ounce - Mayflower, 2020
- 3 oz Silver Antique High Relief, Nautical Ounce - Mayflower, 2020
- 1 oz Silver (with Antique version), Nautical Ounce - Mayflower, 2020
- 1 oz Gold, Nautical Ounce - Sedov, 2021
- 3 oz Silver Antique High Relief, Nautical Ounce - Sedov, 2021
- 1 oz Silver (with Antique version), Nautical Ounce - Sedov, 2021