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Get crypto analysis, news and updates, right to your inbox! Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. There are at present no plans to abolish the national designs in favour of a common European one. What is the benefit of issuing low-denomination (1 and 2-cent) coins? As in current issues, all coins featured 12 stars in their design. The original designs of the 10c, 20c and 50c coins showed the outline of each of the 15 EU member states. Each of the eight coins can have the same design (such as Irish coins), or can vary from coin to coin (such as Italian coins). The majority of counterfeit coins are €2 (60% in 2011), with most of the rest being €1, and a few 50c coins. The common side of the €1 and €2 coins depict the denomination on the left, the currency, map of Europe and twelve stars on the right. Contact hello@coingecko.com if you think this is an error, Price Alert Successfully Saved! The highest two denominations are bimetallic, being generally larger and thicker than the lower denominations. However, in 2007 every eurozone state participated in the Treaty of Rome programme, where all member states issued a coin of similar design to commemorate the signing of the Treaty of Rome, the only difference being the name of the issuing country and the language of the text. Given a total circulation of 56 billion coins, counterfeit coins are relatively rare. There are, however, some restrictions on the design: it must include twelve stars, the engraver's initials, and the year of issue. [7] In 2009, the second eurozone-wide issue of a 2-euro commemorative coin was issued, celebrating ten years of the Economic and Monetary Union (EMU). The order in which the coin for a specific site is issued coincides with the order in which they were declared a UNESCO World Heritage site. [9] To date, only Cyprus has not independently issued a €2 commemorative coin. [12] The 10c coins and above show either the 15 countries that were the European Union in 2002, or, if minted after 2007, the whole European continent. The 1c and 2c coins were initially introduced to ensure that the introduction of the euro was not used as an excuse by retailers to heavily round up prices. [citation needed], The Swedish rounding law in Finland was issued in January 2002 just shortly after the coins were put into circulation. It has a circulating supply of 1,207,310 URO coins and the max. Sign up here so you don't miss a single one. Check out the full list. The national sides of all denominations of the euro circulation coins should bear an indication of the issuing Member State by means of the Member State’s name or an abbreviation of it. The researchers also warned that the coins could contain between 240 and 320 times the amount of nickel allowed under the EU nickel directive.[18]. Greece was the first country to issue a commemorative coin, and was followed by all but Cyprus and Ireland. About half the counterfeits feature the German national design, but counterfeits have been detected for every issuing country. However, due to the cost of maintaining a circulation of low-value coins, by business and the mints, Finland, Ireland and the Netherlands round prices to the nearest five cents (Swedish rounding) if paying with cash, while producing only a handful of those coins for collectors, rather than general circulation. However, the Commission has proposed that the 1c, 2c and 5c coins have a common design to keep costs down. Valuable Euro Coins. You will receive an email with instructions on how to reset your password in a few minutes. Similarly, the 20 cent coin is smooth with seven indents to distinguish it from the 10 and 50 cent coins. [47] For payments with debit or credit cards, the merchant can choose whether to apply rounding but has to inform the client beforehand.

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