1 Euro Coins - History

History

The coin dates from 2002, when euro coins and banknotes were introduced in the 12 member eurozone and its related territories. The common side was designed by Luc Luycx, a Belgian artist who won a Europe-wide competition to design the new coins. The design of the one and two euro coins were intended to show the European Union (EU) as a whole with the then 15 countries more closely joined together than on the 10 to 50 cent coins (the 1 to 5 cent coins showed the EU as one, though intending to show its place in the world).

The national sides, then 15 (eurozone + Monaco, San Marino and the Vatican who could mint their own) were each designed according to national competitions, though to specifications which applied to all coins such as the requirement of including twelve stars (see euro coins for more). National designs were not allowed to change until the end of 2008, unless a monarch (whose portrait usually appears on the coins) dies or abdicates. This happened in Monaco and the Vatican City resulting in three new designs in circulation (the Vatican had an interim design until the new Pope was selected). National designs have seen some changes due to new rules stating that national designs should include the name of the issuing country (Finland and Belgium both did not show their name, and hence have made minor changes). As of 2010, Austria, Germany and Greece are obliged to change their designs due this requirement in the future.

As the EU's membership has since expanded in 2004 and 2007, with further expansions envisaged, the common face of all euro coins from the value of 10 cent and above were redesigned in 2007 to show a new map. This map showed Europe, not just the EU, as one continuous landmass, however Cyprus was moved west as the map cut off after the Bosporus (which was seen as excluding Turkey for political reasons). The redesign in 2007, rather than in 2004, was due to the fact that 2007 saw the first enlargement of the eurozone; the entry of Slovenia. Hence, the Slovenian design was added to the designs in circulation. Two more designs were added in 2008 with the entry of Cyprus and Malta and another one in 2009 with Slovakia. 2011 will see the addition of the Estonian design.