The Worlds Most Desirable Modern Coin Ever

That is MUCH better than the pig! The mint did a good job of translating that. Will that be in circulation?

Ruben

 

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Theoretically yes, as the copper versions are issued at face. However, there is no "regular" €10 coin, so this is not a common denomination, and hardly anybody uses them. Worse, such collector coins are regional money only: While the regular euro circulation coins (and the €2 commems) are legal tender in the entire currency union, those may be used in the issuing member state and nowhere else. Kind of second class cash.

Christian

 

that makes no sense. Why would they not be able to use a Euro coin in a neighboring state? Its not like they are setting monetary policy. They are swapping Euros for Euros.

In NYC the Subway token was like cash. I used them all the time to buy newspapers. Today the NY Tomes is $2.50 a day ... unbelievable. And they want to know why nobody is reading it.

 

Hello

I agree with you, Chris. It seems that the Mints intervention was very effective. However, if I was designing coins, I'd try to use my best artists and designers, rather than school children. There are a lot of hungry and talented artists.

Amanda

 

Mrbrklyn - I guess it would be too hard for public to recognise different NCLTs if they were real money through Eurozone. In real life this is not big issue as NCLTs are intented to collectors only. Just used few Finnish icehockey championship 5 euro "regional coins" last week. Even the local cashiers haven't heard about them before. In South Europe they barely know that sport at all.

 

Finland is in the Euro zone, but not Sweeden?

 

Correct. Swedes had their discussions and voting on joining the euro, but the people chosed not to (at least yet).

 

Because the circulation coins and the commemorative €2 coins are standardized (except for the obverse designs) while those collector coins are not. A 50 cent coin for example has the same composition, weight, etc. no matter which euro country it is from. All this does not apply to collector coins - some countries have "€2.50" pieces, others have "€3" coins, and the €5 pieces from one country are Cu-Ni while those of another country are pure copper, etc. etc. Who cares, as those pieces are not issued for circulation, and do not actually circulate anyway?

Christian

 

Well, in some countries you have design contests, and in a few the results of such competitions (ie. who was second best, third best, etc.) are even published. That applies to Finland and Germany for example. In other countries - and Austria is one of those - the mint has its own designers (employees). Guess both models have their positive and negative aspects ...

Christian

 

And if you asked these days, the result would probably be 90-10 or so. The only non-euro country in the European Union that currently plans to introduce the euro is Latvia (maybe 2014). Well, Andorra will start issuing its euro coins in about a year, but the country is not an EU member ...

Christian

 

sorry christian but the current situation in greece makes it quite clear that the euro is on it's arse................pretty much the same as the latin european currency of the 19th century,,,,,,,,,,,,,,,,,,,,,,,,

 

I see. They are not equivilent coinage at all.

 

This was the runner up. Want to see the third place Latvian coin?

 

for or against?

I wouldn't do it, and leave monetary policy int the hands of a foreign dominated bureaucracy that was not democratically elected.

 

Who knows. If it was solely up to the British, the euro would have died a couple of years ago ...

Sure, nobody expects the US to adopt a foreign currency. And while most people over here know (at least roughly) how the European Council, the European Commission and the European Parliament work - for some strange reason I did vote in the last EP elections - , any country that does not want to join the European Union is welcome to stay out. And actually no country that is already an EU member state can or would be forced to introduce the common currency.

Christian

 

The problem is that even in the US the European system has a large impact on affairs. And much of the crisis in the euro that currently is taking place could have been avoided with a Democratically representative government controlling the Euro, among other things. Its not so much that I'm against the euro, as I am against its political underpinning. They need to go all the way and limit seriously local nation sovereignty and get a real Representative trans-European government. Otherwise they are going to continue stumbling around from crisis to crisis putting local governments at risk of being radicalized and unstable with a popular revolt against foreign imposed austerity plans.

 

And vice versa. Globalization may often be a buzzword, but our economies are "interdependent" to a large extent.

Interesting that both Ruben and you paint a picture of the European Union as something "foreign". So when the German federal government makes a decision that affects politics in my state, is that also "foreign" because it's the feds and not the state parliament? Is the US government "foreign" for you because you can only vote on your state's share of the Congress members? I am well aware of the fact that the EU is far from being a perfect construction. And yes, I also know that, in the current situation, nationalism has become more popular again around here. But try and keep in mind that only a few generations ago people from countries that are now in the EU would almost regularly be at war against each other. Compared to that, we have made pretty good progress.

(Side note: If any of the mods thinks that this topic, which has been a somewhat weird mix from the very beginning, is going astray or getting too political or both, please let us know.)

Christian

 

Very interesting. I'll get back to you.

 

I think the difference is we elect the President, who has direct control of the beauracracy. My opinion of the current construct of the EU is there is way too much uncontrolled agencies not directly controllable by elected officials. If Germans could vote directly for the EU President that would have total control over the established beauracracies that control so much of life in the EU, then I believe it would be more analogous to the US.

We are not perfect by any means. I love a parliamentary system rather than our own cobbled together mess, but it is what it is.

 

You want to only give Germans elected control of the Euro?