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There are eight euro coin denominations, ranging from one cent to two euro [1] (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once.
The 2 euro coin (€2) is the highest-value euro coin and has been used since the introduction of the euro (in its cash form) in 2002. [2] The coin is made of two alloys : the inner part of nickel brass , the outer part of copper-nickel.
In seven nations, the new coins—struck in the run-up to 1 January 2002—would bear a 2002 date. In Belgium , Finland, France, the Netherlands , and Spain, the new coins would bear the date of striking, so those five countries would be the only ones to strike euro coins dated 1999, 2000, and 2001.
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 euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by ...
The transition to the euro in Germany involved a three-year period, starting from 1 January 1999, during which the euro existed as "book money". Euro banknotes and coins were introduced on 1 January 2002. [11] This was the earliest date for any member state when the national currency ceased to be legal tender.
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. As of July 2019, there were approximately 7.5 billion one-euro coins in circulation, constituting 25.3% of all circulated euro coins by value and 5.6% by quantity. [2]
As the earliest Euro coins were issued in 2002, some countries became eligible to change their designs in 2017. San Marino was the first to do so, in 2017. France revised the design of their €1 and €2 coins in 2022, and the 10c, 20c, and 50c coins in 2024.
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