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 Replies: 57 / Views: 13,627 |
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New Member
Estonia
23 Posts |
I made it easy - copied one of my posts:
So fellow hobbits,
Here is some news from todays Estonian Bank newsletter:
Estonian bank plans to borrow paper € money from Germany or Finland. Our own one will not be done as amounts are so microscopic compared to other countries. Probably from Finland as it is close. But current ships are not good (safe)enough, so some planes will be used for transport. Coins will be done in Finland and based on their weight, 11 truckloads alre planned.
Grab your share :D
UPDATE about coins:
Into one truck fits 20-22 tons of coins and trucks must go to Finland ~30 times.
6th July is the decision day and next morning minting can start :D
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Pillar of the Community
Germany
1064 Posts |
Estonia has plans to start issuing coins, but it will be at least 2-3 years and that does not necessarily take into account the economic crisis. So it could be 5 years at least.
What Mynt seems to be refering to is Estonia using euros before they actually have adopted the Euro officially. This is not that uncommon. Kosovo and Montenegro use the Euro, but are not part of the Eurozone and do not issue coins or notes. Some other places around the world use them, though I might be right in thinking they are actually parts of France, like French Guyana for example.
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Pillar of the Community
Germany
1238 Posts |
Quote:
Estonia has plans to start issuing coins, but it will be at least 2-3 years and that does not necessarily take into account the economic crisis. So it could be 5 years at least. Well, I usually don't bet, and my crystal ball is temporarily out of order.  But that schedule is very different from what the Estonian government aims at. As mynt123 wrote, the country plans to change over to the euro on 1 January 2011. Not unilaterally (the kroon already has a fixed exchange rate, despite the +/- 15% fluctuation band in ERM-II) but as a member of the euro area. Later this year the European Central Bank and the European Commission will conduct their regular assessments, and in May or so the next convergence report will be published. In June there will be various Council meetings, and if all those thumbs are up so to say, the Council will approve Estonia's joining the euro area. That would be in early July indeed - thus in four months. Christian Edited by chrisild
03/08/2010 5:14 pm
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Pillar of the Community
Germany
1238 Posts |
Quote:
Grab your share :D Will do when they come. I think that the ECB and the Council have become a little nervous lately when it comes to the reliability of statistical data provided by countries that plan to introduce the euro. But that alone would not be a reason for a "thumbs down" signal. Now as for the Estonian euro and cent coin designs, well, I find them somewhat disappointing. The map or outline of the country looks interesting but -- on all eight denominations? I know you had that telephone vote in 2004, but I since then I have always hoped the decision might be revised ... Christian Edited by chrisild
03/08/2010 5:33 pm
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Valued Member
United States
56 Posts |
So are these circulating commemorative coins or are they only sold in jacked up collector sets?
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Valued Member
United States
56 Posts |
Actually, after browsing the prices on ebay it looks like they are indeed circulating commemoratives. Sweet! |
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Rest in Peace
 United States
1380 Posts |
Not sure which coins you mean Nicholas, but the answer is both I think. Euro coin issuing countries can issue odd denomination commemoratives (1.5 euros, 3 euros, 5, 10, 25, 100, etc.) for use only in their own country in any mintage number and sell for any price they want. These are usually the jacked up commemoratives. The 2 euro commemoratives have to be issued as circulating coinage, though in practice the three mini-states, Monaco, the Vatican and San Marino, in part because they are so small and thus have very limited mintages, have their commemoratives only available as jacked up coins. All the others are usually available somewhere in Eurozone at face value, though for us here in the states to get them, we wind up paying a premium. Still cheaper than airfare to go over and pick them up at face value.
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Pillar of the Community
Germany
1238 Posts |
"Both" is right. Since this is about the commemorative coins (€2, valid throughout the euro area), I would leave the collector coins (€1.50, €3 etc., regional only) aside here. And yes, the commemorative pieces come in varying mintages. The German ones for example have a total volume of 30 million per issue - the upper extreme so to say. Others have mintages of, say, 1 or 2 million - still enough to not be terribly expensive. Monaco has issued only one so far (in 2007, mintage about 20,000) and that is quite pricy indeed, roughly €1,000.
Except for the issues from the three non-EU countries that you mentioned, all these €2 commems we can - at least theoretically - find in and pick up from circulation here. But of course you won't come across, say, a coin from Ireland in Cyprus every day, much less a commem. So most collectors here will either swap, or buy from dealers ...
Christian
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Pillar of the Community
Germany
1064 Posts |
Personally I can't see Estonia getting in just yet. The economic crisis may mean that the EU will not want another boat in the sea at this time. And Estonia probably has its own problems to sort out and may not meet the requirements.
As for €2 they do circulate, but often do not make it that far. I was working in northern spain a few years back and we got all sorts from the tourists coming over. So I collect those, but won't go near the other shiny bits of metal with 3, 12, 180 euros written on them!
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Valued Member
 Cyprus
349 Posts |
How much do 2 euro UNC CC's cost to buy in the USA? tee-bay says about US7 +/-. Is this about right?
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Valued Member
Cyprus
349 Posts |
I see the Luxembourg 2e CC 2010 coin is being offered at 10e each in EU. The mintage is 500,000. Reason being is that all of the coin dealers are stockpiled them so they sold out in a couple of days. I think that's a bit too much. Luckily I got it at cost from my friend.
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Valued Member
Cyprus
349 Posts |
A mintage of 500,000 Luxembourg 2e CC 2010 should be plenty to go around. Malta EMU was 700,000 and they are relatively easy to get at face value.
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New Member
Estonia
23 Posts |
Some information says that Luxemburg mintage is 1 000 000. So somebody is pushing prices up?
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Pillar of the Community
Germany
1238 Posts |
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Valued Member
Cyprus
349 Posts |
They were authorised to issue 1m x Luxembourg 2010 Cc 2e but they chose to only porduce 0.5M.
The BCL already has plenty of 2eCC's in their stocks. Maybe they see this as a better was to move them and of course profit. Lower mintages will trigger panic buying.
Would be interesting if they chose to produce the other 0.5M 2e 2010 CC's.....
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Replies: 57 / Views: 13,627 |
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Posted 03/08/2010 4:13 pm
