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Live Spot Prices:

Spot Prices:
Gold Ask 1,300.23 2.45 Open: 1,298 High: 1,301 Low: 1,296
Silver Ask 17.05 0.04 Open: 17.01 High: 17.09 Low: 16.96

Ukrainian Gold Coins from JM Bullion

The European continent is home to some of the most popular and in-demand bullion coin programs in the world. In no short order, annual release strikings from sovereign mints in this region of the world include the British Silver Britannia, British Gold Britannia, Armenian Silver Noah’s Ark, Austrian Silver Philharmonic, Austrian Gold Philharmonic, and the all-new Austrian Platinum Philharmonic.

Today, a new coin series from the continent is gaining increased recognition as investors and numismatists alike hunt down gold and silver precious metal programs to bolster their wealth with safe-haven metals. The Ukrainian Archangel Michael Coin program from the National Bank of Ukraine is just five years into production, but already mintage for these coins and the variety of options are on the rise. Learn more about the Ukrainian Gold Coins available today from JM Bullion.

About the Inspiration – Archangel Michael

The Archangel Michael is known to the people of all the major religions of the world. Christians, Jews, and Islamists alike know him as a healer of the sick and the leader of God’s army. The story of Michael the archangel is one of the most powerful in the Christian bible. Known as one of God’s greatest warriors, Michael did nothing less than save heaven itself as the defender of God’s people and the kingdom of heaven by defeating an enemy simultaneously referred to as a dragon, Satan, or the devil.

In the Western world he is known predominantly as Michael, but other cultures around the world know him by many different names; from Saint Michael to Taxiarch Archangel Michael. To the Ukrainian people, the archangel Michael is a protector of the capital city of Kiev and the estate of Ukraine.

Design of the Ukrainian Gold Archangel Michael Coins

The Ukrainian Gold Archangel Michael coins feature the same obverse and reverse designs each year. The image of Michael used on the coin’s obverse face was designed by Volodymyr Taran, Oleksandr Kharuk, and Serhii Kharuk, with engraving of the design features onto the coin completed by Roman Chaikovskyi and Sviatoslav Ivanenko.

Michael is depicted in various reliefs throughout human culture. However, there is one portrayal of the Archangel Michael that seems to be pervasive throughout humanity. The most popularly used depiction shows Michael in a full suit of Roman armor and wielding a flaming sword in his right hand. His figure is often surrounded by a pair of bird-like wings that emanate from his back and the rays of the sun expanding from the background behind his relief. For the Ukrainian Gold Archangel Michael Coin, the image of Michael employs another common design feature of his image, that of Michael standing above a dragon with his sword at hand ready to slay the beast.

On the reverse of all Ukrainian Gold Archangel Michael coins you’ll find the coat of arms of Ukraine in the center of the design field. It is surrounded by engravings that are all in the native Cyrillic language, with “National Bank of Ukraine” located above the design set and outside of the octagonal cartouche that frames the coat of arms.

On the shield of the coat of arms there is the emblem of the National Bank of Ukraine, a pair of griffins with the hryvnia symbol (Ukrainian monetary weight) between the beasts. The symbolism is meant to represent the beasts as guardians of the nation’s gold reserves. You’ll also find the face value, year of issue, metal content, weight, and purity on this face in Cyrillic as well.

Mintage History and Availability of Ukrainian Gold Coins

The Ukrainian Gold Coins available from JM Bullion have been in production at the National Bank of Ukraine only since 2011. The coin series was launched that year with very limited issues of a 1 oz Ukrainian Silver Archangel Michael Coin, as well as a 1 oz Ukrainian Gold Archangel Michael Coin and ¼ oz. Ukrainian Gold Archangel Michael Coin.

Mintage of these Ukrainian Gold Coins has never surpassed 10,000 coins in any one year for any given weight individually. Collectively, the gold coins have surpassed 20,000 coins in total in recent years, but individual coins are often priced at a point such that most investors cannot afford the coins and the mintage figures remain quite low as a result of low demand.

Ukrainian Gold Archangel Michael coin production expanded immediately in 2012 with the addition of a ½ oz coin and 1/10 oz coin to the gold program. During each subsequent year of production, the 1/10 oz Ukrainian Gold Archangel Michael Coin has been the top seller individually among the gold coins, surpassed only once by the 1 oz coin in 2014. In recent years, the ¼ oz gold coin has gained traction as well as a popular option among investors.

Features of the Ukrainian Gold Archangel Michael Coins include:

  • Each coin contains .9999 pure gold content.
  • Individual face values in hryvnia are set at 2 (UAH) for the 1/10 oz coin, 5 (UAH) for the ¼ oz coin, 10 (UAH) for the ½ oz coin, and 20 (UAH) for the 1 oz coin.
  • Available only in Brilliant Uncirculated condition.

Coins with a BU condition exhibit no signs of wear and tear on the surfaces. These coins may have minor flaws that range from breaks in the luster and spotted surfaces to contact marks that result from the coining process at the mint.

Diversity of Ukrainian Precious Metal Coins

The Ukrainian Gold Coins in the Ukrainian Gold Archangel collection represent the majority of the collection in this series, but the 1 oz. Ukrainian Silver Archangel Michael coin was part of the debut year and is the most popular coin in the collection by individual sale. The 1 oz silver coins contain .9999 pure silver and feature a face value of 1 (UAH). Although it had a low mintage of 10,000 coins in 2011, the Ukrainian Silver Archangel Michael has surpassed 20,000 coins in each of the last three mintage years and often outsells all of its gold counterparts combined.

Background on the National Bank of Ukraine

Located in the national capital city of Kiev, the National Bank of Ukraine was formed in 1992 following the fall and separate of the states within the Soviet Union. Originally serving as a central bank for the region during Soviet occupation, the bank today serves the independent Ukrainian government in the production of paper currency and coinage for circulation, as well as commemorative precious metals.

Purchasing Ukrainian Gold Coins from JM Bullion

If you’re interested in purchasing Ukrainian Gold Coins from JM Bullion, you’ll have a variety of options for payment methods when browsing and purchasing from our online catalog. JM Bullion proudly accepts all major credit/debit cards, with the exception of American Express. Paper checks, bank wire transfers, and PayPal fund transfers are also accepted on JM Bullion.

Credit/debit cards take up to one business day to process, while bank wire and PayPal transfers often clear immediately. Paper checks take up to six business days to process. Once your payment has cleared, your products are sent to our fulfillment center for packaging and shipping.

JM Bullion offers free standard shipping and insurance on all products. Your products are packaged and shipped in discreet boxes, protecting the identity of the precious metals within. If you’d like expedited shipping, it is available at an additional cost. All packages ship via the US Postal Service or UPS. If your shipment is lost or stolen, we’ll work to provide you with a replacement product, recover your original shipment, or secure a refund of your original purchase price.

If you have any further questions about Ukrainian Gold Coins from the National Bank of Ukraine, please contact JM Bullion. Our associates are available at 800-276-6508, online using our live web chat, or via email.