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Vatican euro coins are issued by the Philatelic and Numismatic Office of the Vatican City State and minted by Istituto Poligrafico e Zecca dello Stato (IPZS), in Rome, Italy. The euro is the official currency of the Vatican City , although Vatican City is not a member of the Eurozone or the European Union .
During this period the Vatican City issued this commemorative coin. 60th Anniversary of the End of the Second World War Designer: Orietta Rossi Mint: - Value: €5 Alloy: Ag. 925/1000 Quantity: 13,000 Quality: Proof Issued: 06.12.2005 Diameter: 32 mm Weight: 18 g Issue Price: €50 This was the first commemorative coin to depict pope Benedict XVI.
Collectors especially appreciate small-circulation annual sets of coins, as well as officially unreleased coins from 1938. Public interest in Vatican currency and stamps was considered sufficient to justify a Philatelic and Numismatic Museum (Il Museo Filatelico e Numismatico) which has been opened as part of the Vatican Museums in 2007. [3]
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The development of Vatican coins largely mirrored the development of the Italian lire coins. In 1929, copper c.5 and c.10, nickel c.20 and c.50, 1 Lira and 2 Lire, silver 5 Lire and 10 Lire, and gold 100 Lire coins were introduced.
With the unification of Italy and the altered status of Rome, the Italian government took over the operation of the Papal mint in September 1870.The mint was used to make Italian coins, and due to the presence of Italian soldiers guarding the mint, a tunnel was constructed beneath the Apostolic Palace to ensure private access to the Vatican gardens.
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