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Changes to the national sides of euro coins
Changes to the national sides of euro coins
Changes to the national sides of euro coins
This summary has been archived and will not be updated, because the summarised document is no longer in force or does not reflect the current situation.
Changes to the national sides of euro coins
The Commission Recommendation lays down common rules for changes to the national obverse sides of euro coins. From 2004 onwards, Member States can issue two-euro commemorative coins to celebrate significant events or personalities. The moratorium for normal national sides is maintained until 2008.
ACT
Commission Recommendation 2003/734/EC of 29 September 2003 on a common practice for changes to the design of national obverse sides of euro circulation coins.
SUMMARY
This Recommendation, drawn up in close cooperation with the Member States, sets out a common framework for changes to the design of the national sides of euro circulation coins. It covers both normal and commemorative euro coins.
No changes to the national side of euro coins until the end of 2008
The Commission recommends that the national sides of normal euro coins intended for circulation should not be modified before the end of 2008, except in the event of a change in the head of state depicted on a coin.
In a communication of 28 December 2006 entitled "Five years of euro banknotes and coins" [PDF] the Commission reaffirmed the visual coherence of the euro.
Issue of commemorative coins authorised from 2004
On 23 November 1998 the Council decided that "there should be a moratorium on issues of commemorative coins intended for circulation in the early years of the new notes and coins". The Commission recommended that the issue of commemorative coins should be authorised from 2004. The Council meeting of 8 December 2003 welcomed the Commission Recommendation (see "Related acts").
From 2004, therefore, Member States may issue commemorative euro coins for circulation and these are legal tender in all the Member States of the euro area. The issue of these coins is subject to certain conditions:
- 0.1 % of the total number of two-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 two-euro coins brought into circulation by the issuing State.
The design of the national side of commemorative coins is subject to the following conditions in particular:
The Commission should be informed about intended changes at least six months before the coins are issued. The Economic and Financial Committee must approve all issues of commemorative circulation coins having an envisaged issuing volume exceeding the 0.1 % referred to above. All relevant information on new designs will be published in the Official Journal of the European Union.
Applying common practice under monetary agreements
The Community has signed monetary agreements with the Principality of Monaco, the Republic of San Marino and the Vatican City State. Under the agreements, those countries are allowed to issue certain quantities of euro coins for circulation. The common practice should therefore also apply to coins issued by those countries.
References
Act |
Entry into force |
Deadline for transposition in the Member States |
Official Journal |
Commission Recommendation 2003/734/EC |
1.1.2004 |
- |
OJ L 264, 15.10.2003 |
RELATED ACTS
Conclusions of the Council meeting on general affairs and external relations on 8 December 2003 [Not published in the Official Journal]. In its conclusions the Council welcomes the Commission's recommendations, presented on 29 September 2003. The Council agreed to the following:
Commemorative coins in chronological order:
Greece - Olympic Games in Athens 2004 [Official Journal C 91 of 15.4.2004].
Finland - Enlargement of the European Union by ten new Member States [Official Journal C 243 of 30.9.2004].
Luxembourg - Grand Duke Henri [Official Journal C 243 of 30.9.2004].
Republic of San Marino - Bartolomeo Borghesi [Official Journal C 298 of 3.12.2004]
Italy - Fifth decade of the World Food Programme [Official Journal C 313 of 18.12.2004]
Vatican City State - 75th anniversary of the founding of the Vatican City State [Official Journal C 321 of 28.12.2004]
Luxembourg - 50th birthday of Grand Duke Henri, 5th anniversary of his accession to the throne and 100 years of the death of Grand Duke Adolphe [Official Journal C 11 of 15.1.2005]
Belgium - Belgium-Luxembourg Economic Union [Official Journal C 61 of 11.3.2005]
Austria - 50th anniversary of the Austrian State Treaty [Official Journal C 61 of 11.3.2005]
Spain - 4th centenary of the first edition of "The Ingenious Nobleman Don Quixote of La Mancha" [Official Journal C 131 of 28.5.2005]
Republic of San Marino - 2005: World Year of Physics [Official Journal C 244 of 4.10.2005]
Finland - 60th anniversary of the United Nations and 50th anniversary of Finland's membership of the United Nations [Official Journal C 244 of 4.10.2005]
Italy - 1st anniversary of the signing of the European Constitution [Official Journal C 283 of 16.11.2005]
Vatican City State - 20th World Youth Day held in Cologne in August 2005 [Official Journal C 283 of 16.11.2005]
Luxembourg - 25th birthday of the heir to the throne, Grand Duke Guillaume [Official Journal C 20 of 27.1.2006]
Germany - Schleswig-Holstein [Official Journal C 33 of 9.2.2006].
Italy - XX Olympic Winter Games - Turin 2006 [Official Journal C 33 of 9.2.2006].
Belgium - Atomium [Official Journal C 53 of 3.3.2006].
Finland - 100th anniversary of universal and equal suffrage [Official Journal C 248 of 14.10.2006].
Republic of San Marino - 500th anniversary of the death of Christopher Columbus [Official Journal C 248 of 14.10.2006].
Vatican City State - 5th Centenary of the Pontifical Swiss Guard [Official Journal C 260 of 28.10.2006].
Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland - 50th anniversary of the signing of the Treaty of Rome [Official Journal C 65 of 21.3.2007].
Germany, Mecklenburg-Vorpommern [Official Journal C 76 of 4.4.2007].
Republic of San Marino - Bicentennial of the birth of Giuseppe Garibaldi [Official Journal C 233 of 5.10.2007].
Monaco - 25th Anniversary of death of Princess Grace [Official Journal C 172 of 25.7.2007].
Vatican City State - 80th anniversary of Pope Benedict XVI [Official Journal C 233 of 5.10.2007].
Germany - Hamburg [Official Journal C 13 of 18.1.2008].
For further information, please consult:
- The European Central Bank: Illustration of coins and useful links on collectable coins.
- Internet site of the Economic and Financial Affairs Directorate-General on the euro.
Last updated: 05.10.2007