precisely on January 1, 2002, in fact, the one european currency made its first appearance among the european States .
The States have consequently renounced to the single currencies. In reality, however, it must be said that already in 1999 in Italy and in other european countries the new currency was “ already give ”.
fair in this date in fact the Euro has been recognized as official currency ( tied if not yet physically present ) and used for electronic payments, securities of accredit and all those payments definable not physical .
In addition, on January 1st of the lapp year, 2 Euro commemorative coins were issued, defined as “ 2 Euro EMU ”, an acronym indicating the European Monetary Union .
History of the Euro
contrary to what one might think, the history of the Euro has much older roots than the actual date of emergence .
In fact, its history dates back to 1957 in Rome, the year in which the treaties were signed to sanction the parentage of the E.E.C. This was nothing more than an green mannequin, if we could say so, of what would late be the European Union. For more information about it, you can consult the official web site of Europe .
It is in 1988, however, that the Euro draws its origins. specifically, in fact, this class the European Council, which brings together Heads of State and Government of the European Community, assigns to a committee, composed chiefly of the governors of cardinal banks and led by Jacques Delors, the undertaking of creating a project aimed at the progressive execution of economic and monetary union .
In particular, there were three crucial phases .
- The first was the liberalisation of capital flows by abolishing all restrictions on the free movement of money between Member States.
- Later, with the creation of the European Monetary Institute (EMI), relations between central banks were strengthened.
- Finally, in a third phase, from January 1, 1999, there was the gradual transition to the single currency.
The name of the currency: “the euro”
The name Euro besides has a very matter to fib and that anyone concerned in the world of collecting Euro coins must know .
The official name in fact was adopted in Madrid from the european Council in 1995 in decree to replace the initials ECU used until that moment.
In fact ECU was to indicate “ european Currency Unit ” or in italian “ european Unit of Account ” and it was an anglicism used in the official treaties until 1978 .
however they are different the reasons for which this type of denomination was discarded in prefer of what today we all know. The independent reasons are of linguistic nature because ECU was an abbreviation that, adenine far as the english lyric is concerned, had no doubt a mean while for other States it was a bit anonymous and in some cases tied cacophonic .
In fact, the acronym had a think of in the english language, from which it was taken, and in the french language as it means harbor, a name that recalled an ancient french currency.
however, for the other countries it had no intend and for Germany it was a real problem.
The Germans in fact should have called the coin ein Ecu that sounded identical alike to eine Kuh or “ a cow ” .
In the end, therefore, it was decided to opt for the name Euro which represents nothing more than the abbreviation of the term Europe for which the abbreviation is precisely EUR .
The symbol of Euro Coins
The Euro symbol that we all know besides has a history and is the result of a very accurate choice process .
In particular, there were ten original projects. All of them had characteristics that made it possible to define what would be the identify symbol of the single currency .
Thanks to a survey, only two projects were selected, which appeared to be the most valid. In the end, it was the european Commission that sanctioned the achiever .
The original symbol was created by a team of four experts even though their names have never been made official. presently, the design of the symbol is attributed to the belgian Alain Billiet unofficially .
The symbol is inspired by the greek epsilon with a clear reference to the “ E ” of Europe and two horizontal lines that represent the constancy of Europe.
The glyph besides has official colours declared by the European Union. specifically yellow in the foreground and blue background .
In addition, its stead was immediately clarified : the symbol must constantly be placed after the figure and the two characters must be separated by a space. This rule does not apply in English, Irish, Maltese and Latvian, for which the symbol is constantly placed first base .
Euro Coins Collections
The roll up of coins in Euro can without doubt be a very capture activity .
The different coins of the European Union in fact, besides varying among them for those that are the denominations ( 1€, 2€, 0,50€ etc. ) besides vary from State to State .
specifically, these coins have two faces or two sides. The first is the common face which is the like for all countries, the second gear is the national face which, as it is slowly to understand, is specific and customize for each state .
The collector, the euro coin lover or the numismatist, is consequently looking for different coins according to the assorted countries in holy order to have vitamin a many copies as potential .
Of path there are exceptions particular coins which are much more sought after and well differ in two independent types :
- coins with minting errors
- the Commemorative Coins.
As mentioned above, the common english of the euro coins is a face that has the lapp graphics for all countries and allows you to give some screen of identification to this type of coins .
specifically, it was designed by the belgian Luc Luycx, who was the winner of a rival for the initiation of this “ face ” .
The park english represents first of all the value of the coin accompanied by the initials “ EURO ” or “ euro CENT ” depending on the denomination. In addition, there is a representation of the map of Europe .
In this attentiveness, it is authoritative to note that in the period between 2007 and 2008, the common side of the coins, with the exception of the 2€, 1€ and 0.50€ coins, was modified then as to offer a vision of the european continent without any borders .
In summation to this, there are 12 stars on the common side representing the 12 States .
The national side, on the other handwriting, is the matchless that changes from State to State and is the matchless that effectively allows to understand this currency from which nation it comes .
Each State has consequently had the opportunity to customize its own currency in such a way as to provide a alone aspect. The alone directives of the European Union regarding this exercise were those to insert besides in this face the 12 stars and to insert the mention of the Nation in solid or even abbreviated .
Because of this last directing some Countries were forced to modify their own coins in course of work ( we speak of Germany, Belgium, Austria, Finland and Greece ) .
arsenic far as representations are concerned, each State has chosen to include those that are characteristic elements. For model, for states in which the Head of State is a autonomous, it was decided to include his grimace. other states opted alternatively to include aspects such as important monuments, characteristic symbols, historic figures but besides characteristic plants.
Read more: Possum Magic Coins
At a late date, however, many states have changed their currencies, although the Mint has expressed its wish not to do then before 2008 unless the Head of State depicted had changed .
Commemorative 2 Euro Coins
At the end of 2003 and with effect from the beginning of 2004, the european Commission granted the Member States the possibility of producing and circulating a 2€ commemorative coin which would have had legal value to all intents and purposes .
The limits imposed by the EU provided for the issue of alone one currentness per class even if, starting from 2013, this terminus ad quem has been extended to 2 coins .
commemorative coins, as the term itself suggests, are 2-euro coins which represent some authoritative event. A clear case of this are the greek €2 coins for the 2004 Olympic Games, which were issued for that particular consequence .
Among these coins the most seek after to date are those of Finland 2004, Slovenia 2007 and those of the miniskirt states such as the Principality of Monaco, the Republic of San Marino and Vatican City .
Regarding commemorative coins, we must besides talk about what are called common issues. They are issues of commemorative coins that take place jointly for all countries at events of particular importance to the Union.
Usually these are the lapp for all countries even if the particular name of the area is constantly indicated .
so far, the issues of 2 euro commemorative italian coarse were 3 : 50th Treaty of Rome, EMU 2009 and 10th insertion of the euro in circulation .
We talked a set about this subject in the foliate of the 2 euro commemorative .
Euro Starter Kit
Let ’ s now talk about what are the Euro Starter Kits. These are nothing more than absolutely sealed plastic bags containing Euro coins in all 8 denominations .
specifically, these Starter Kits were created to allow people in the raw Eurozone countries to become familiar with this new currency. In this way, people had and have the opportunity to begin to understand its reduce, form, size and rate .
In general, two types of Euro Starter Kits have been created .
The first one is intended for “ ordinary ” people and is made as seen above .
The irregular is intended for traders and normally contains many more coins which are collected in rolls rather than in bags .
It was in 2001 that the diffusion of Starter Kits started. In the same class, when the first 12 countries joined Europe, more than 150 million kits were distributed, containing about 4.2 billion coins for a respect of 1.6 billion Euros .
In Italy alone, 30 million Starter Kits were distributed for the conversion from the Lira to the Euro. many people then became passionate and began their “ Euro coins collection ” .
Starter Kit Value
As we have seen, the Euro Starter Kits are “ starting packages ” if we can define them as such, which allow us to actually get in touch with the newfangled currency .
As for the value in Italy, the starter kit contains coins in all 8 denominations for a total value of 12.91 Euro .
The collection consequently is based more than anything else on Starter Kit a little ‘ rare. however, you can besides find italian Starter Kits for sale but with a prize slenderly higher than the actual content of the bag : approximately from 20 € to 49 €.
Divisional Series of the Euro Coins Collections
A separate discussion can be made rather for what concerns the Divisional series. In this shell, in fact, we are talking about real packages made to contain the series of coins issued each year by each state .
obviously, every year these “ boxes ” change because every year the coins issued will be different .
There could be silver coins, 2€ commemorative coins or even merely the 8 infrastructure coins.
In any case, they are unique because every year the State changes something so that the newfangled coins issued can fit perfectly .
Of course, the coins and the packaging are in a submit of preservation Brilliant Uncirculated ( Mint ) and are subject to very careful checks in club to identify even the smallest blemish. Proof Divisionals, on the early hand, are normally issued in a special box with sealed and encapsulate coins .
Value Divisional Euro Coins
The prize of the Divisionals, as it is clear, can besides be identical significant depending on the series and the class of production. In general, however, it is possible to make an average of what may be the prices for these unique pieces .
In fact, an italian Divisional of today ’ south year ( 2018 ) has an estimated value of around €30. The more you go after the years, however, the more the rate increases ,. There are Divisionals coins that exceed even € 100 in value.
A separate discussion can be made alternatively for the Proof series, which have a higher rate with the same class of production and characteristics .
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