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Replies: 22 / Views: 3,828 |
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Pillar of the Community
United States
1454 Posts |
So, let me see if I get this. Europe, as a continent or union, has a set and can be used anywhere? Each sebsequent country has their own issues of euros also and any of these can be used in any country that is part of the union? I am really getting into world coins from the purchases I made from Kuhli and I am finding them more and more interesting all the time. I bought them for the wife but I think I am more interested than her. They are still hers but I am doing all the work.  I don't think of it as work though, it is lots of fun.
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Moderator
 Australia
16832 Posts |
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
United States
230 Posts |
quote: Originally posted by Irishraider
So, let me see if I get this. Europe, as a continent or union, has a set and can be used anywhere? Each sebsequent country has their own issues of euros also and any of these can be used in any country that is part of the union?
Currently, there are 12 participating nations in the EU (European Union) "euro" program. Each country issues their own "euro-coins", which are legal tender in all participating countries. All coins have a "common side", which is the same throughout the program. The other side or "national side" is up to each country to design. Some countries, such as Ireland, use the same design for all 8 denominations (1,2,5,10,20,50 euro-cents and 1,2 euro), while other countries have chosen to use different designs for each denomination. Beginning in 2007, there will be a few more countries starting to issue "euro-coins", with plans for more expansion over the next few years. Slovenia, Cyprus, Czech Republic, Poland, Malta, Hungary, Bulgaria, Latvia, Lithuania, and Estonia are some of these future participants. The EU is much more than just a monetary authority. There are a few countries that are full members of the EU, but have chosen not to convert to the "euro-coins" at this time. These are United Kingdom and Denmark. The Danish public has repeatedly voted to not convert to the "euro-coins", while the British government has not yet put it to a vote, as it is common public sentiment not to give up their currency system. Besides the 12 current active participants, through agreements with the EU, there are 3 non-member micro-states who also issue "euro-coins". These include Vatican City (whose currency has been tied directly to the Italian currency for a long time), Monaco (currency tied to the French currency), and San Marino (also tied to the Italian currency). Unfortunately, these states are so small and issue such limited quantites of coins, it is very hard to obtain them. (although San Marino does seem to be issuing more minor coins in the last year or 2). And then there are the legal status non-member states: Andorra, Montenegro, and Kosovo, who all have agreements with the EU to make the "euro-coins" their official monetary system, but have no provisions in the agreement to mint their own. To start a collection of "euro-coins", realize that there are 8 denominations to collect, from 12 different countries (not including the micro-states). Bear in mind that German "euro-coins" have 5 different mint marks, giving you a total of 128 coins per year. This is just an estimate, as some countries do not issue all denominations every year. And this is just for the circulating issues. Within the guidelines issued by the EU, each country also has the right to issue "commemorative" coinage, which are legal tender only in the country of issue. France has issued 1¼ euro coins, while several other countries have issued 5 euro and 10 euro commem. coins. (some of these are silver, and available at face value)
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Moderator
 Australia
16832 Posts |
quote: Originally posted by Irishraider So, let me see if I get this. Europe, as a continent or union, has a set and can be used anywhere? Each sebsequent country has their own issues of euros also and any of these can be used in any country that is part of the union?
Not quite, Irish.  There are no generic "European Union" coins - all the coins are issued by, for and in the name of the member countries. However, one side of the coins (normally classed as the "reverse") has a generic design used on all circulating euro coins. The Banknotes, however, are completely generic, with only the serial number prefix letting you know which country it was issued in. Circulating euro coins (1 cent up to 2 euro) issued for any country are legal tender in any other country in the Euro-zone. When my brother went on holiday in Ireland, he brought back not just Irish euro coins, but Italian, German, French and Spanish ones too. NCLT coins (made for collectors, normally with denominations above 5 euro) are issued by member countries and are only "legal tender" in the country of issue. The designs on these coins are "unlimited" - they can put whatever they want to on them. To complicate matters further, not all countries in Europe are members of the Eurpoean Union (eg. Switzerland and Norway are not), and not all members of the EU are in the "Euro-zone" - some of them still issue their own currencies (eg. Britain, Denmark and Sweden). Edited to add: Dang. Kuhli beat me to the punch again.  
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Edited by Sap 09/13/2006 12:33 am
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Pillar of the Community
Belgium
2078 Posts |
It has been reported on television that 50 euro notes are no longer the main target of fraud but one and two euro coins It has also been reported that in order to fight against fake euro coins little marks would be inserted . These are probably the secret marks that will get more widespread
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Pillar of the Community
Belgium
2078 Posts |
On the EEC European Econonmical Community These countries have a treaty that there is no customs and no excise at the borders of the EEC ( free trade zone )
Shengen These countries have a treaty that no showing of passports or identity cards is necessary by car travel or air travel (just like travel inside the US )
EU Generally amongst the members of the EEC there are those that use the Euro and there is no customs and excise and there is no cost of transferring money from country to country and no foreign exchange cost nor bankcost However I am under no obligation whatsoever to accept an English pound note and I have no obligation whatsoever to any published exchange rate in fact the pound has the same status as dollar and yen My bank will charge me 15 euro to send money there if the owner of the account does not have a euro account and they will charge like 5% conversion cost
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Pillar of the Community
Australia
853 Posts |
I love euro coins and collect unc circulation style coins. There are some 128 coins per year issued and this is ever increasing at new countries are added...slovenia comes on line next year. I have been going 2 years now mostly with swaps and am about 1/2 the way to having them all. Vatican is the really hoigh priced coins.
The next major change to euro coins is a change to the common side in 2008 to reflect the expanding euro zone.
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Pillar of the Community
Germany
1238 Posts |
quote: Originally posted by Bigfella The next major change to euro coins is a change to the common side in 2008 to reflect the expanding euro zone.
Some euro countries will start using the new common sides in 2007 - Slovenia (of course  ) but also Finland and Germany. Probably some others too; member states are supposed to switch to the new map in either '07 or '08. The Vatican pieces are still pretty expensive indeed. Monaco will also be tough if you want to collect all euro and cent "circulation" coins by type; this year there will be a set with redesigned national sides. And then, a year or two later, the new Europe map ... Christian
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Valued Member
Italy
244 Posts |
To flash back to the first question related to Mint Marks, all euro coin countries has 1 mint mark per year with 2 exception: 1 - Germany has 5 mint marks (A D F G J) and each year (up today) they minted euro coins w/ all 5 mint marks 2 - Greece only in 2002 minted 2 set of euro coins - w/ Greece mint mark - w/ below mint marks 1, 2, 5, 10, 50 cents w/ an F (France) in a star between date 20 cents w/ an E (Spain) in a star between date 1, 2 euro w/ an S (Finland) in a star between date this is due to an help Greece asked to other countries to mint coins
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Pillar of the Community
Germany
1238 Posts |
quote: Originally posted by rosso_rubino Germany has 5 mint marks (A D F G J) and each year (up today) they minted euro coins w/ all 5 mint marks
Yes and no. Quite a few denomination/year/mintmark combinations have been minted for the sets (KMS) only. For example, you won't find a German 1 cent coin dated 2003 in circulation. Or 10 ct 2004 A/J. Well, unless somebody opens a set, that is. Christian
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Valued Member
Italy
244 Posts |
Right Christian, some euro coins values has been minted only for BU Set and not for standard circulation, but this is another story different from mint marks, and it is also true for other countries like French or small countries. About this subject may be useful this site http://www.euro-auflagen.de/index.php?lang=en
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Valued Member
Australia
335 Posts |
Of the circulation euro coins, each country can only mint one commemorative coin per year. Many countries use the 2 Euros as the circulating commemorative coin but I think Italy uses the 50 cent coin. Have I got this correct? Perhaps someone else can better explain this.
What other Mints (mintmarks) appear on coins for countries without their own Mint and do they employ different Mints in different years?
Wayne
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Pillar of the Community
Germany
1238 Posts |
quote: Originally posted by Brissyboy
Of the circulation euro coins, each country can only mint one commemorative coin per year. Many countries use the 2 Euros as the circulating commemorative coin but I think Italy uses the 50 cent coin.
Basically each euro country can issue one €2 commem per year. The €2 piece is the only denomination that can be used for such coins (in IT too). There are some "special cases" though: If Euroland issues a common €2 commem (ie. one from each country) like next year, each country may still issue another commemorative piece in that year. Also, if the mintage of one issue is very high, as in the case of Greece 2004, the issuing country has to "pause" for a while. Christian
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Valued Member
Italy
244 Posts |
About Italy circulating commemorative euro coins, it is the 2 €, in 2004 it was World Food Program in 2005 it was European Constitution in 2006 it is Winter Olimpic Games anyway there are only 2 € CC fron countries that decided to mint it for circulation or something similar like San Marino and Vatican. About other mint marks sorry I don't know.
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Pillar of the Community
Germany
1238 Posts |
quote: Originally posted by Brissyboy What other Mints (mintmarks) appear on coins for countries without their own Mint and do they employ different Mints in different years?
Luxembourg for example had its 2002, 2003 and 2004 circulation and commemorative coins made in Utrecht/NL, so you see the "Mercury staff" mintmark and the mintmaster's signs (bow/arrow, sails) on those coins. In 2005 and 2006 these coins were made in Vantaa/FI and have the logo of the Finnish Mint. (Luxembourg's collector coins are also minted in Warsaw/PL, Stuttgart/DE, Vienna/AT, all without any mintmarks.) Greece has already been mentioned; then there is Slovenia where the new circulation coins (legal tender as from 1-Jan) have an "FI" for Finland since they were also minted in Vantaa. The three non-EU euro countries (Monaco, San Marino, Vatican) use the same mint and mintmaster signs as the corresponding French and Italian issues. Christian
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Replies: 22 / Views: 3,828 |
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