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<p>[QUOTE=&quot;chrisild, post: 102366, member: 39&quot;]How many coins the Vatican may issue is dealt with in the &quot;Monetary Convention&quot; between the European Union and the Vatican City State. And yes, the Vatican&#039;s contingent is basically taken from the Italian issue volume.</p><p><br /></p><p>However, the conventions that involve Italy (ie. those with San Marino and the Vatican) include absolute figures. The Vatican may issue coins worth €1m per year, with extra contingents on special occasions such as last year&#039;s Vacant See. San Marino has an annual contingent of about €2m.</p><p><br /></p><p>The &quot;percentage&quot; model that you mentioned applies to Monaco. That country can issue coins worth 1/500 of the French issue volume. Not much ... but from time to time somebody actually comes across a Monegasque euro or cent coin in the wild. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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