On May, 25th, 2011 the Latvian post issue a stamp devoted to the 800 anniversary of the first Latvian coin - the Riga pfenning. The artist who designed the stamp was Valda Batraks. The city of Riga was founded in 1201 by the German bishop Albert von Buksgevden from a family of Knights of Appeldern, which served as the canon in Bremen, and in 1199 was appointed by the bishop of Livonia. By 1211, the cathedral of Rigas Domsky was established and grated the authority to issue its own coins similar to the Dutch gold standard. And thus came into being the monetary standard and circulation the medieval Riga pfenning. This lovely First Day Cover was sent to me by Vera.
Riga is the capital and largest city of Latvia, one of the major industrial, commercial, cultural and financial centres of the Baltics, and an important seaport, situated on the mouth of the Daugava. With 706,413 inhabitants (2010) it is the largest city of the Baltic states. Riga's territory covers 307.17 km2 (118.60 sq mi) and lies between 1 and 10 metres (3.3 and 33 ft) above sea level, on a flat and sandy plain. Riga's historical centre has been declared a UNESCO World Heritage Site, and the city is particularly notable for its extensive Jugendstil (German Art Nouveau) architecture, which UNESCO considers to be unparalleled anywhere in the world.