The map on the first three coins (1, 2 and 5 cents) shows Europe in the world the map on the 10, 20 and 50 cent coins shows the Union as a group of nations. They represent three different geographical maps of Europe. In June 1997, the designs of Luc Luycx of the Royal Belgian Mint were chosen for the common side of euro coins. The Mint is assigned the power to check the coin handlers' capability to authenticate euro coins in accordance with Regulation 1210/2010. In Italy, the power to regulate coin handlers is assigned to the Ministry of Economy and Finance. Institutions handling coins (banks and cash-in-transit companies) that intend to put coins that they have received as deposits back into circulation are required to authenticate them using coin-processing machines included in a special list kept by the European Commission alternatively, the coins can be authenticated manually by duly trained personnel. The 'recirculation' of euro coins is governed by EU Regulation 1210/2010 on the authentication of euro coins and the handling of coins unfit for circulation. In Italy, euro coins are minted by the State Printing Works and Mint on behalf of the Ministry of Economy and Finance which, in its capacity as issuing authority, ensures that they are distributed nationally through the Sections of the State Treasury operating jointly with the branches of the Bank of Italy.ĭamaged coins can be presented to the branches of the Bank of Italy, which then forward them to the State Printing Works and Mint. In relation to the limits placed on the coins being legal tender, Article 11 of EC Regulation No 974/98 establishes that with the exception of the issuing authority, no party is obliged to accept more than 50 coins in any single payment, regardless of denomination. The Principality of Monaco, the Republic of San Marino and the Vatican City are not formally part of the European Union but they have the right to issue euro coins with their own national sides and these coins are legal tender throughout the area. In 1996, the EU Council of Economics and Finance Ministers (ECOFIN) established that euro coins should have a common European side and a national side chosen freely by the member states, on condition that the12 stars of the European Union are incorporated into the design.Įven if they have different national sides, the coins can be used and circulated in all the states that have adopted the euro, independently of the issuing country. These features make it possible for the visually impaired to recognize the individual coins by touch (see EC Regulation No 975/98 on denominations and technical specifications). The eight coins are differentiated by weight, material, thickness and colour as well as by the kind of edge in relation to the other coins. The euro coin series comprises eight different denominations: 1, 2, 5, 10, 20 and 50 cents, €1 and €2.
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