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Information on this page has been sourced from www.eurocoins.liesemeijer.com

General Coin Terminology

General
Abbreviation Terminology Definition
  Euro The name of the single currency of all EU Member States belonging to the euro area. The euro was introduced on 1 January 1999, while its name was decided at the European Council in Madrid in December 1995. Banknotes and coins in euro were launched on 1 January 2002. Since 28 February 2002, euro notes and coins have been the only legal tender in the euro area. One euro is divided into one hundred cent.
  Euro area / Eurozone The euro area encompasses those Member States of the European Union in which the euro has been adopted as the single currency in accordance with the Treaty and in which a single monetary policy is conducted under the responsibility of the decision-making bodies of the ECB (EuropeanCentralBank). The euro area currently comprises Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland. Also known as the eurozone, or colloquially as Euroland.
  Issuing Authority The Member States of the euro area are responsible for issuing euro coins. In practice, this task is typically taken care of by the Treasury departments of the national Finance Ministries, while the coins are produced by the national mints. The Issuing Authorities for euro coins are the National Mints (or authority in charge of coin-related issues).
  Circulation Coins Circulation Coins refer to coins which have legal tender and are produced with a view to their entry into circulation. Uncirculated (UNC) coins are Circulation Coins that did not Circulate (CIR). Coins made in Brilliant Uncirculated (BU), Proof (PR) and Prooflike (PL) are no Circulation Coins.
  Collector Coins Collector Coins refer to commemorative and bullion coins which have legal tender but which are not produced with a view to their entry into circulation. So these coins are no Circulation Coins.
  Medals & Tokens Medals & Tokens refer to those metallic objects of circular shape which look like a coin but which are neither legal means of payment nor legal tender or are not issued under national or foreign legislative provisions.

Official Euro Coin Terminology

Euro Coins
Abbreviation Terminology Definition
  Euro Coins A Euro Coin can be a Euro Circulation Coin, a Euro Commemorative Coin or a Euro Collector Coin.
  Euro Circulation Coins There are currently eight denominations of euro coins in circulation: the 1, 2, 5, 10, 20 and 50 cents and the €1 and €2. The denominations and technical specifications of the coins are harmonised and they have legal tender status throughout the euro area since 1 January 2002. However, each Member State issues coins with its own national design on one side of each denomination, whilst the other side features a common European motif. In addition to the euro area Member States, Monaco, San Marino and the Vatican City are also entitled to issue limited quantities of Euro Circulation Coins through agreements with the Community.

Euro Circulation Coins have the following characteristics:
  • Coins intended for circulation.
  • Issued by Member States.
  • Means of payment.
  • Issued at face value.
  • Legal tender throughout member states adopting the euro.
  • Have a common face.
  • Have a national obverse side (the design is surrounded by twelve stars).
  • Eight denominations (1, 2, 5, 10, 20 and 50 cent, 1 and 2 euro.
  • Their denominations and technical features are equal in all countries adopting the euro.
  • Technical specifications are harmonised by a Council Regulation.
  •   Euro Commemorative Coins Euro Commemorative Coins are commemorative variations of Euro Circulation Coins, in the sense that they have a different national side from the standard one, and commemorate a specific event or personality. They comply with the denominations and with the technical specifications of Euro Circulation Coins and have legal tender status throughout the euro area. As these coins must bear one of the common sides, the commemorative feature must appear on the national side so that the common side remains unaffected. The volume of coins and/or the production period of this coin variation are limited. It has been agreed between Member States and the Commission that all commemorative coin issues would be limited to a single coin denomination (€2).

    Euro Commemorative Coins have the following characteristics:
  • Issued by Member States.
  • Intended for circulation.
  • Legal tender throughout the euro area.
  • Issued at face value.
  • The 2-euro coin must be the sole denomination used for such commemorative issues;
  • The number of issues must be limited to one per Member State per year;
  • The total number of coins put into circulation must not exceed the higher of the following ceilings: 0.1% of the total number of 2-euro coins brought into circulation by all the Member States in the euro area; this ceiling may be raised to 2% if a highly symbolic event is commemorated, in which case the issuer should refrain from launching another similar commemorative coin issue for a period of four years; 5.0% of the total number of 2-euro coins brought into circulation by the issuing State.
  • Common design on the reverse side.
  • Have a national obverse side (the design is surrounded by twelve stars).
  • The year must be indicated.
  • Their denominations and technical features are the same as other euro coins intended for circulation.
  • Technical specifications of the 2 euro coin.
  • Note: some commemorative coins are not issued with a view of entering into circulation, in which case they are collector coins, and the rules for collector coins apply.
  •   Euro Collector Coins Euro Collector Coins are not intended for circulation and must differ from regular euro coins.

    Euro Collector Coins have the following characteristics:
  • Issued by Member States.
  • Not intended for circulation.
  • Legal tender only in the country of issue (Ecofin Council, 23 November 1998. NOTE: Countries can agree to have mutual recognition so that the collector coins can be sold to the authorities on par value. This procedure has so far has not been applied in any member state.).
  • Face value different from coins intended for circulation.
  • Selling price equal or above their face value.
  • Do not have a common face design; No images which are similar to the common side of the circulation coins.
  • Have a design at least slightly different from the national sides of circulation coins; The obverse side should be at least slightly different from the national design for circulation coins
  • Face value different from coins intended for circulation (Collector coins cannot have a face value equal to the 8 denominations: 1, 2, 5, 10, 20, 50 cent and 1 and 2 euro).
  • Technical features different to coins issued for circulation (At least two of the three criteria of weight, diameter and colour has to be significantly different from those of the euro coins issued for circulation. Collector coins cannot have a shaped edge with fine scallops, or “spanish flower”.).
  • Identity of the issuing member state is clearly and easily recognisable.
  •  

    Abbreviation English Italiano Francais Deutsch Español Nederlands
      Euro Circulation Coins     Euro Umlaufmünzen   Euro Omloopmunten
      Euro Commemorative Coins     Euro Gedenkmünzen   Euro Herdenkingsmunten
      Euro Collector Coins     Euro Sammlermünzen   Euro Verzamelaarsmunten

    Source:

    Euro Coin Sets Terminology

    Euro Coin Sets
    Abbreviation Terminology Definition
      Euro Mint Sets Euro Mint Sets are Euro Coin Sets with UNC, FDC or BU quality euro coins.
      Euro Proof Sets Euro Proof Sets are Euro Coin Sets with PR or PL quality euro coins.
      Euro Coin Sets A Euro Coin Set is a specially packaged group of Euro Circulation Coins from one or more mints, of one or more eurozone countries. A Euro Coin Set contains at least one coin for most or all of the denominations, most of the times issued during a particular year. Sometimes a Euro Coin Set also contains a Euro Commemorative Coin, Euro Collector Coin, a Medal or Token or even Stamps.
      Official Euro Coin Sets Official Euro Coin Sets are general available Euro Coin Sets produced by (or under the authority of) and issued by an Issuing Authority.
      Official Restricted Euro Coin Sets Official Restricted Euro Coin Sets are restricted available Euro Coin Sets produced by (or under the authority of) and issued by an Issuing Authority. They can be obtained at a certain occasion (event / coin fair) only. They are not general available and cannot be ordered at the Issuing Authority.
    For example: San Marino minikits, World Money Fair sets, Numismata sets, Dutch Day Of Mint Sets and Holland Coin FAIR sets
      Official Private Euro Coin Sets Official Private Euro Coin Sets are Euro Coin Sets produced by (or under the authority of) an Issuing Authority and issued by a private company, organisation or person.
    For example: many German sets, Theo Peeters Sets
      Recognized Private Euro Coin Sets Recognized Private Euro Coin Sets are Euro Coin Sets not produced by (or under the authority of) and not issued by an Issuing Authority, but by a private company, organisation or person. They are however (officially) recognized by an Issuing Authority. Recognized means that an Issuing Authority has provided the euro coins for the set specificly or promotes the set (by selling it).
    For example: Portuguese 2002 set with stamps issued by the Portugal post "CTT Correios" and De Ruiter baby sets 2006.
      Private Euro Coin Sets Private Euro Coin Sets are Euro Coin Sets not produced by (or under the authority of) and not issued by an Issuing Authority, but by a private company, organisation or person. They are not recognized by an Issuing Authority. These sets will normally contain UNC quality coins only, since higher quality coins will be available via the Issuing Authority only.
    For example: Luxembourg P&T set with stamps 2003

    Coin Terminology

    See Coin Glossary page.

    Coin Grading Terminology

    See Coin Grading Glossary page.