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This silver coin contains 1.000 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one 2023 Malta Maltese Cross €5 1 oz Silver Coin is $24.28 based on today's silver spot price.
The Maltese cross is a distinctive and recognizable symbol that holds deep historical and cultural significance. It is a cross with arms that narrow toward the center, creating a unique shape with four V-shaped arms. The origins of the Maltese cross can be traced back to the Knights Hospitaller, a medieval Christian military order that originated in Jerusalem during the 12th century.
The Maltese cross is closely associated with the Order of Saint John, also known as the Knights of Malta, a prominent branch of the Knights Hospitaller. The cross was used as the symbol of the order and appeared on their banners, shields, and various insignia. The eight points of the cross are said to symbolize the eight virtues of the knights: loyalty, piety, frankness, bravery, glory and honor, contempt of death, helpfulness towards the poor and the sick, and respect for the church.
Over time, the Maltese cross has become a symbol of protection, service, and sacrifice. It has been adopted by various organizations, such as fire departments, ambulance services, and military units, to represent these values. The cross is often associated with courage, heroism, and the willingness to put oneself in harm's way to help others.
In addition to its historical and symbolic meanings, the Maltese cross also has an aesthetic appeal and is commonly used in decorative and ornamental designs. It can be found on medals, coins, jewelry, and various forms of art.
These 1 oz Silver Coins are issued by the Central Bank of Malta. The obverse features a Maltese Cross with a distinctive design. Inscriptions are included for the weight, purity and country of origin. The reverse features the official coat of arms of Malta, legal tender denomination of 5 Euro and the official issuing authority, the Central Bank of Malta.
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