The day was sweet as honey for the Bank of Latvia when its 5-euro Honey Coin was given top honors as 2020 Coin of the Year during an awards ceremony held Feb. 1 in conjunction with the World MoneyFair in Berlin, Germany.

The Coin of the Year awards program, now in its 37th year, is an internationally conducted competition presented by World Coin News to recognize outstanding coin design and innovation worldwide.The 2020 program, sponsored by The Journal of East Asian Numismatics and the World Money Fair, honored coins dated 2018 in 10 categories of competition as decided by an international panel ofjudges.

The Honey Coin is styled as a honeycomb in gold-plated silver by artist Arturs Analts. The Bank of Latvia calls it "a symbol of diligence and sweetness of work." It was votednumber-one from a pool of 10 category-winning coins, where it had come out on top in the Most Artistic Coin category.

"The impact of bees on both our ecologies and economies is fast being recognized as mammoth, so this simple and elegant design presents a lovely counterpoint to focus human response,"said Tom Michael, Coin of the Year coordinator and awards ceremony presenter.

Michael also coordinates the COTY nominating committee, whose job is to select 100 nominees from the more than 1,000 coins submitted for consideration by mints across the globe. He recalls theLatvian coin holding its own during the process.

"Of the many honey-themed coins we considered for nomination, this one really stood out," he said. "Nominated by both the issuer and committee member Donald Scarinci, the Bank ofLatvia Honey Coin garnered strong support from the judges and won by a very wide margin."

Janis Blums, head of cash department and board member for the Central Bank of Latvia, was in attendance to accept the award.

Following is the list of 2020 category winners.

Most Historically Significant Coin
Monnaie de Paris
10 Euro, Silver with Color
Great War: People's Jubilation

Best Circulating Coin
Austrian Mint
2 Euro, Bi-metallic
100th Anniversary of the Founding of the Austrian Republic

Best Contemporary Event Coin
Italian Mint
5 Euro, Silver with Color
70th Anniversary of the Italian Constitution

Best Bi-Metallic Coin
Austrian Mint
25 Euro, Bi-metallic
Anthropocene

Best Gold Coin
Austrian Mint
50 Euro, Gold
Vienna Schools of Psychotherapy: Alfred Adler

Most Artistic Coin
Bank of Latvia
5 Euro, Gold-Plated Silver
Honey Coin

Best Silver Coin
Lithuania Mint
5 Euro, Silver with Color
Jonines: Rasos Švente

Most Innovative Coin
Lithuanian Mint
5, 10, 20 Euro, Silver; 50 Euro, Gold
100th Anniversary of the Restoration of Lithuania Independence

Best Crown Coin
Royal Australian Mint
5 Dollars, Silver with Color, Curved
The Earth and Beyond: Earth

Most Inspirational Coin
Perth Mint
1 Dollar, Silver with Color
100th Anniversary of the End of World War I

To view this story online, visit https://www.numismaticnews.net/article/coin-of-the-year-goes-to-latvia .

For more details on the voting process and information for all 100 of the 2020 nominees, visit https://www.numismaticnews.net/coin-of-the-year/nominees-for-2020-coin-of-the-year-awards-determined.

About Coin of the Year
The Coin of the Year awards program is an internationally conducted competition sponsored by World Coin News, a division of Active Interest Media, to provide recognition of outstanding coin designand marketing efforts worldwide, and to stimulate other governments to greater participation in both areas.

About World Coin News
The fascinating history and details of world coins are brought to life monthly in World Coin News, the leading authority on world coins. The magazine reports on new issues, auctions and other coinnews from around the world. Its top experts provide in-depth historical information on coins and the countries that issue them.