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History and the monetary system

The history of Bulgarian money: from the first stotinki and the Latin Monetary Union to redenominations and the euro.

Coins 10 stotinki 1881 from Birmingham, 5 leva 1884 from St Petersburg and 1 lev 1891 from Kremnica

History and the monetary system

The foreign mints that struck Bulgarian coins before the Bulgarian Mint

Birmingham, St Petersburg, Brussels, Kremnica, Paris, Vienna, Budapest, Berlin – 70 years of Bulgarian coins from abroad

From 1881 to 1951 every Bulgarian coin was struck abroad: Heaton in Birmingham, St Petersburg, Brussels, Kremnica, Paris, Vienna, Budapest, Berlin, Poissy and Leningrad. Which mints made which coins and how to recognise their mint marks.

· 3 min read · BulgarianCoins editorial team

Coins 3 stotinki 1951, 2 stotinki 1962 and 20 leva 1989 – from the three eras of denomination

History and the monetary system

The denominations of 1952, 1962 and 1999 explained

The three Bulgarian currency reforms explained: 100:1 in May 1952, 10:1 in 1962 and 1000:1 on 5 July 1999 – why they happened, which coins were issued afterwards, and how they affect issue prices and catalogue comparisons.

· 3 min read

The Madara Rider, St Ivan of Rila and Paisiy Hilendarski on BNB commemorative coins

History and the monetary system

The design of Bulgaria’s euro coins and how it was chosen

Why the BNB kept the symbols of the lev coins (the Madara Horseman, St Ivan of Rila, Paisiy of Hilendar), how the design was approved from 2023 to 2025, and the 2-euro edge inscription.

· 3 min read

Coins by different authors – 5 leva 1892 by Anton Scharff, 100 leva 1937 by Percival Metcalfe and “Short Track” 2005 by Plamen Chernev

History and the monetary system

The artists and engravers behind Bulgarian coins

The artists behind Bulgarian coins: foreign engravers of the Principality and Kingdom (Formás, Scharff, Marschall, Berán, Metcalf), the Bulgarian sculptors of the socialist era (Stefan Nenov, Lyubomir Prahov, Georgi Chapkanov, Bogomil Nikolov) and today’s most prolific designers.

· 3 min read

Silver coins 5 leva 1884, 2 leva 1882 and 1 lev 1882 – struck to the standards of the Latin Monetary Union

History and the monetary system

Bulgaria and the Latin Monetary Union: why the lev equalled the franc

Why the lev was created equal to the French franc: the 1880 coinage law, the bimetallic standard of the Latin Monetary Union, identical weights and fineness of Bulgarian and French silver and gold coins, and what changed after 1912.

· 3 min read

Coins of the People’s Republic of Bulgaria – “Georgi Dimitrov” 5 leva 1965, 2 stotinki 1962 and “1300 Years of Bulgaria – Madara Horseman” 1981

History and the monetary system

Coins of the People’s Republic of Bulgaria: ideology in metal

Coins of the People’s Republic of Bulgaria (1946–1990): the circulation series of 1951, 1962, 1974 and 1988–89, the changing state emblem, Soviet-style designs, the first commemorative coins of 1965, Georgi Dimitrov coins and the 1300 Years of Bulgaria programme.

· 3 min read

Coins from the war years – 50 stotinki 1916, 1 lev 1916 and 50 leva 1930

History and the monetary system

Coins of the war years: metal shortages and substitute alloys

How the Balkan Wars, the First World War and the Second World War changed Bulgarian coins: zinc stotinki of 1917, aluminium leva of 1923, copper-nickel of 1940 and the iron coins of 1941 and 1943 – and why high-grade examples are rare today.

· 3 min read

Coins struck at the Bulgarian Mint – “1100 Years of Slavonic Writing” 1965, “St Ivan of Rila” 2026 and 2 stotinki 1962

History and the monetary system

The Bulgarian Mint: its history and how a coin is made

The history of the Bulgarian Mint in Sofia from its opening in 1952, the first circulation and commemorative coins struck there, and the step-by-step process of making a coin: theme, design competition, plaster model, die, blank, striking and quality control.

· 3 min read

Coins with different inscriptions – 2 leva 1882 (“КНЯЖЕСТВО БЪЛГАРИЯ”), 20 leva 1930 (“ЦАРСТВО БЪЛГАРИЯ”) and 2 stotinki 1962 (“НАРОДНА РЕПУБЛИКА БЪЛГАРИЯ”)

History and the monetary system

Inscriptions on Bulgarian coins: spelling reforms, coats of arms and mottos

How inscriptions on Bulgarian coins changed: the state names (Principality, Kingdom, People’s Republic, Republic), the old letters ъ and ѣ before the 1945 spelling reform, the edge motto „БОГЪ ДА ПАЗИ БЪЛГАРИЯ“, the motto on the coat of arms and the inscriptions on Bulgarian euro coins.

· 3 min read

The first Bulgarian coins – 10 stotinki 1881 and 2 leva 1882, which replaced foreign money in circulation

History and the monetary system

Money in the Bulgarian lands before the lev

What people used as money in the Bulgarian lands before 1880: Ottoman piastres (grosh) and para, gold lira, Austrian thalers, French napoleons and Russian roubles brought by the army in 1877–78, and how the new lev gradually replaced them.

· 2 min read

Coins from the 1981 “1300 Years of Bulgaria” programme – the Madara Horseman, the Rila Monastery, the Boyana Church and Ivan Asen II

History and the monetary system

The 1981 “1300 Years of Bulgaria” coin programme

The largest commemorative programme in Bulgarian coinage: 13 copper-nickel 2-leva coins, four silver 50-leva coins, the 25-leva and gold 1,000-leva “Mother and Child”, and the related 1981 issues, with mintages from the catalogue.

· 4 min read

Silver coins of Tsar Boris III – 100 leva 1937, 50 leva 1930 and 20 leva 1930

History and the monetary system

The silver coins of Tsar Boris III: 1930, 1934 and 1937

A collector’s guide to the silver coins of Tsar Boris III: the 20, 50 and 100 leva of 1930 by Lajos Berán and the 50 and 100 leva of 1934 and 1937 by Percival Metcalf – silver content, mintages, current asking prices for raw and certified coins, and counterfeits.

· 3 min read

The gold coins of Ferdinand I – 100 leva 1894, the side with the coat of arms of the Principality of Bulgaria

History and the monetary system

The gold coins of Ferdinand: 1894 and 1912

A complete guide to the gold coins of Ferdinand I: the 10, 20 and 100 leva of 1894 struck in Kremnica and the 20 and 100 leva of 1912 for the 25th anniversary of his reign, with mintages, gold content, restrikes and current asking prices.

· 3 min read

Gold coin 100 leva 1894 – a symbol of the gold standard in the Principality of Bulgaria

History and the monetary system

The gold standard in Bulgaria after the Liberation

How Bulgaria moved from the bimetallic system of 1880 to a de facto gold standard: banknote backing, the gold coins of 1894 and 1912, the suspensions of convertibility in 1899 and 1912, the 1919 law and the 1928 stabilisation.

· 3 min read