€2 commemorative coins
Each
country may issue two commemorative coins per year. These coins have
the same features and properties and the same common side as normal €2
coins. What makes them different is their commemorative design on the
national side. Only the €2 denomination can be used for commemorative
coins.
They are legal tender
throughout the euro area. That means they can be used – and must be
accepted – just like any other euro coin.
Most of these coins commemorate the anniversaries of historical events
or draw attention to current events of historic importance. The very
first €2 commemorative coin was issued by Greece to commemorate the
Olympic Games in Athens in 2004.
Designing and issuing the coins is the competence of the individual
euro countries. The ECB’s role regarding the commemorative but also all
other coins is to approve the maximum volumes of coins that the
individual countries may issue.
Coins jointly issued by all euro countries
Four commemorative coins have been issued jointly:
- in March 2007, to commemorate the 50th anniversary of the Treaty of Rome,
- in January 2009, to celebrate the 10th anniversary of Economic and Monetary Union,
- in January 2012, to commemorate ten years of euro banknotes and coins,
- and, in August 2015, to celebrate the 30th anniversary of the EU flag.
As a rule, euro countries may each
issue only two €2 commemorative coins per year. Exceptionally, they are
allowed to issue a third, provided that it is one issued jointly and
that it commemorates events of Europe-wide importance.
These
coins use a common design on the national side, showing the name of the
issuing country as well as the event commemorated in the respective
language(s).
Commemorative coins per year
Website updates of €2 commemorative coins
Unlike banknotes, euro coins are still a national competence and not the ECB’s.If a euro area country intends to issue a €2 commemorative coin, it has to inform the European Commission. There is no reporting by euro area countries to the ECB. The Commission publishes the information in the multilingual Official Journal of the EU (C series).
The Official Journal is the authoritative source upon which the ECB bases its website updates on euro coins. The reporting process, the translation into 23 languages and publishing lead to unavoidable delays. The coin pages on the ECB’s website cannot therefore always be updated as timely as users might wish.
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