Euro Gold and Silver Commemorative Coins - Introduction

Introduction

In the Eurozone, as a legacy of old national practice is the minting of silver and gold commemorative coins. Unlike normal issues, these coins are not legal tender in all the Eurozone, but only in the country where the coin was issued. For instance, a €10 Finnish commemorative coin cannot be used in the Netherlands.

Despite this, these coins are not really intended to be used as means of payment, as their bullion value generally vastly exceeds their face value, so it does not constitute a serious problem. The major exception is Germany, where silver ten euro commemoratives are available at banks and some retailers at face value. The coins, however, generally do not circulate.

It is uncertain whether the Council of Ministers will grant them legal tender status elsewhere outside national boundaries, as San Marino, Monaco and Vatican City also issue these kind of coins.

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