AzerGold CJSC to Implement New Technologies in the Production of Collection Coins

A business meeting was held with the management of CIT Coin Invest AG of the Principality of Liechtenstein at AzerGold Closed Joint Stock Company’s (CJSC) Sales and Exchange Center.

At the meeting, various aspects of cooperation with the developer and the patent holder of Smartminting, which is considered a revolutionary technology in the field of modern numismatics, were discussed.

It was noted that AzerGold CJSC is interested in the wide implementation of advanced technologies and innovative approaches in all areas of its activity, especially production. Since 2019, the Company has strived to benefit from Smartminting being a modern and alternative production solution in minting various gold coins it supplies to the retail market.

CIT Coin Invest AG’s production experience was then mentioned. It was stated that Smartminting’s greatest advantage is precise depiction of the details of unusual, complex designs, to mint relief coins in 3D and more prominent forms. Confidence was expressed that the products manufactured based on this technology would be of great interest to buyers like other types of coins.

It should be noted that AzerGold CJSC first minted gold and silver coins for the local retail market in 2018. Collections of gold and silver coins in various designs are a unique gift option serving to promote our country, its history, art, and cultural heritage, as well as a profitable investment tool that can be exchanged for national currency at any time.