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The euro came into existence on 1 January 1999. [2] It had been a goal of the European Union (EU) and its predecessors since the 1960s. [2] The Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU states except the United Kingdom and Denmark (even though Denmark has a fixed exchange rate policy with the euro).
Luxembourg euro coins dated 2002 were minted in the Netherlands in 2000 and thus bear the mint master mark of E. J. van Schauwenburg, Temporary Director of the Utrecht Mint during the year of coin production. The Coinage Act of Luxembourg stipulates that national coins cannot have a date stamp prior to the year of issue.
The Monnaie de Paris in Pessac is the exclusive producer of French euro coins. [16] It also mints Monégasque euro coins [17] and alternates with the Spanish Royal Mint for the production of Andorran euro coins. [18] It has also minted Greek euro coins, [12] Luxembourg euro coins, [13] and Maltese euro coins. [19] [20]
The 1 euro coin (€1) is a euro coin with a value of one euro. It is made of two alloys: the inner part of cupronickel, the outer part of nickel brass. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007.
The vast majority of the Irish coins are made of silver, only since 2006 have Irish euro collectors' coins been seen in gold. In 2003, a very special coin was issued, the only one with a face value of €5 minted so far, and the only one made of two colors (not to be confused with bimetal coins), using alloys of other materials.
The basis for the euro coins is derived from a European recommendation from 2003, which allowed changing the national obverse sides of euro coins from 1 January 2004 onwards. [2] Regarding them, a series of restrictions apply: [3] [4] [1] Commemorative coins have a different national face than usual and keep the common face.
The Europa Coin Programme, also known as the European Silver Programme, [1] or the Eurostar Programme, [1] is an initiative dedicated to the issuance of collector-oriented legal tender coins in precious metals to celebrate European identity.
European Medieval mint Mints designed for the manufacture of coins have been commonplace since coined currency was first developed around 600 BC by the Lydian people of modern-day Turkey . The popularity of coins spread across the Mediterranean so that by the 6th century BC nearby regions of Athens , Aegina , Corinth and Persia had all ...