Historical Insight:
The year 1912 was a decisive moment in Balkan history. Bulgaria, together with Serbia, Greece, and Montenegro, entered the First Balkan War, seeking to liberate territories still under Ottoman rule. The coin’s silver composition and refined engraving reflect a period of national confidence and optimism, marking one of the last pre-war issues before the turbulent years that reshaped the region.

Collecting Note:
Silver leva from the reign of Ferdinand I are highly sought after among Balkan numismatists. The 1912 issue, in particular, is valued for its elegant royal portrait and deep historical context. Well-preserved examples with clear relief and toning are especially desirable.