Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

Friday, August 5, 2016

Lithuania criticize Russia for the new 5 rubles

The Lithuanian Foreign Ministry criticizing Russia for the issue of the new 5 rubles coin dedicated to the liberation of Vilnius in 1944. On 1 August 2016, Bank of Russia issues commemorative coins including fourteen non-precious metal coin series called "Foreign Capitals Liberated by Soviet Troops from German Nazi Invaders".

new 5 rubles

The political director of the ministry, Rolandas Kačinskas told BNS news agency, such a move confirms that Russia has not accepted the “historical truth about the Soviet occupation of Baltics.”

The commemorative silver coin depicts a now-disassembled monument to the soldier-liberators of Vilnius. The coin also has the inscription “Vilnius” and “13 Jul 1944,” the day when the Soviet army liberated the city from Nazi troops. According to Kačinskas, the date on the coin represents the day the Nazi occupation of the country was replaced by the Soviet occupation. “The issue of coins only confirms that Russia is not yet ready for the historical truth about the Soviet occupation,” Kačinskas stated.

The monument on the Green Bridge in Vilnius was removed in July 2015. The authorities explained the decision by declaring that the sculpture was in a state of disrepair. Before that, there was a plaque about the Soviet occupation near the monument.

On 1 August 2016, the Bank of Russia issues 14 coins of non-precious metals in denomination of 5 rubles each within the series called ‘Capital cities liberated by the Soviet troops from the Nazis’.

Nazi cities

The reverse side of the coins bears the following relief images:
  • sculpture of the memorial complex ‘Monument-museum to the liberators of Kiev’ in Kiev with «6 НОЯБРЯ 1943 г.» (6 NOVEMBER 1943) inscription at the bottom;
  • part of the memorial ‘Mount of Glory’ in the Smolevichi District of the Minsk Region with «3 ИЮЛЯ 1944 г.» (3 JULY 1944) inscription at the bottom;;
  • monument to soldiers-liberators in the city of Vilnius with «13 ИЮЛЯ 1944 г.» (13 JULY 1944) inscription at the bottom;
  • part of the Memorial of martial glory in the city of Chisinau with «24 АВГУСТА 1944 г.» (24 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Bucharest with «31 АВГУСТА 1944 г.» (31 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Tallinn with «22 СЕНТЯБРЯ 1944 г.» (22 SEPTEMBER 1944) inscription at the bottom;
  • monument to ‘Liberators of Riga’ in Riga with «15 ОКТЯБРЯ 1944 г.» (15 OCTOBER 1944) inscription at the bottom;
  • part of the monument to soldiers-liberators in Belgrade with «20 ОКТЯБРЯ 1944 г.» (20 OCTOBER 1944) insciption at the bottom;
  • statuary in the cemetery-mausoleum of the Soviet soldiers in Warsaw with «17 ЯНВАРЯ 1945 г.» (17 JANUARY 1945) inscription at the bottom;
  • monument to soldiers-liberators in Budapest with «13 ФЕВРАЛЯ 1945 г.» (13 FEBRUARY 1945) inscription at the bottom;
  • parts of the Monument-mausoleum to the Russian soldiers perished in Bratislava with «4 АПРЕЛЯ 1945 г.» (4 APRIL 1945) inscription at the bottom;
  • monument to the Soviet soldiers in Vienna with «13 АПРЕЛЯ 1945 г.» (13 APRIL 1945) inscription at the bottom;
  • monument to the soldier-liberator in Berlin with «2 МАЯ 1945 г.» (2 MAY 1945) inscription at the bottom;
  • sculpture of the memorial to the Soviet soldiers in Prague with «9 МАЯ 1945 г.» (9 MAY 1945) inscription at the bottom.

The coins are issued within the emission programme with mintage of every type of coins being 2 million pieces.

Russia Central Bank has responded to the criticism by the Lithuanian foreign Ministry on the issue of Russian commemorative coins with the image of Vilnius.

"Any geopolitical changes that have occurred since the end of world war II, I can not put into question the undoubted importance of the victory over fascism for the peoples of Europe and the world. And this victory is dedicated to a series of memorable coins of Bank of Russia", — told RBC in the Central Bank.

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Tuesday, July 5, 2016

New €50 banknote design unveiled today

The European Central Bank (ECB) today unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of the new note marks the latest step in making euro banknotes even more secure.

After the €5, €10 and €20, the €50 is the fourth denomination in the second series of euro banknotes, known as the Europa series.

€50

“The introduction of the new €50 will make our currency even safer”, Yves Mersch, ECB Executive Board member, said. “Its state-of-the-art security features help protect our money."

"It is part of our continued efforts to preserve the euro as a stable currency, a currency that 338 million people across the euro area rely on day by day. The gradual launch of the new euro banknotes with new and enhanced features also underlines the Eurosystem’s commitment to cash as a trusted and efficient means of payment.”

The €50 is the most widely used euro banknote, accounting for 45% of all banknotes in circulation. There are more €50 banknotes in circulation than the €5, €10 and €20 together.

The number of €50 banknotes in circulation is also nearly the same as the total number of all denominations in circulation at the end of 2002, the year when euro banknotes and coins started to circulate.

The new €50 banknote includes a portrait window – a new and innovative feature first used on the Europa series €20. When the banknote is held up to the light, a transparent window near the top of the hologram reveals a portrait of Europa, a figure from Greek mythology, which is visible on both sides of the note. The same portrait also appears in the watermark.

The front of the banknote features an “emerald number”, a shiny number that, when tilted, changes colour from emerald green to deep blue and displays an effect of the light that moves up and down. These security features make it easy to check the new €50 for authenticity, using the “feel, look and tilt” method.

To help ensure that banknote handling machines and authentication devices throughout the euro area are ready in time for the new €50 banknote, the Eurosystem has launched a partnership programme. It involves more than 500 industrial partners across Europe and provides a wide range of educational tools and other resources related to the new banknote. More than 50 industrial partners also signed a memorandum of understanding on the adaptation of banknote equipment to the new €50 banknote on 15 June 2016 to underline their commitment to ensuring a smooth introduction of the new banknote.
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Friday, June 17, 2016

New Europa €50 unveiled on July 5

The European Central Bank (ECB) and the national central banks of the euro area – the Eurosystem will unveil the new Europa series €50 banknote on 5 July 2016. The new note is planned to be brought into circulation in spring 2017.

Europa €50

The new €50 Europa series banknotes will show architectural styles from Renaissance period.

An independent banknote designer based in Berlin, Reinhold Gerstetter, was selected to refresh the design of the euro banknotes.

Banknote equipment manufacturers, industry associations and the ECB signed a memorandum of understanding to underline their commitment to ensure that vending, ticketing and other machines accepting banknotes will work with the new €50 note as of the launch date. They also committed to inform their customers, partners, employees and other stakeholders about the new banknote.

“We – the Eurosystem and our industry partners – have started to prepare for the introduction of the new €50 note early on, to ensure businesses are ready so that people can use their new banknotes smoothly everywhere as of the day they enter into circulation”, said Ton Roos, Director Banknotes at the ECB.

The €50 banknote is the most widely used of all euro banknote denominations. More than 8 billion banknotes in circulation are €50 banknotes, representing about 45% of the total.

The ECB and its partners held a seminar for banknote equipment manufacturers and others at the Banco de España in Madrid on 15 June 2016. The aim of the seminar was to help partners prepare for the introduction of the new €50 banknote and to facilitate the adaptation of banknote equipment.

The national central banks of the Eurosystem have since April offered banknote equipment manufacturers the opportunity to carry out tests with new €50 banknotes inside national central bank buildings. From July, they will also offer new €50 banknotes on loan to interested banknote equipment manufacturers and other relevant third parties for testing at their own offices and at banknote equipment locations. The Eurosystem also offers a wide range of information to all interested parties, including via the Partnership Programme, to help them train and inform their employees, their customers and euro area citizens about the new €50 banknote and its security features.

The new Europa €20 start circulating on 25 November 2015.
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Thursday, May 5, 2016

ECB discontinue production of €500 banknote

Today, the Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series. It has decided to permanently stop producing the €500 banknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities.

€500 banknote

The issuance of the €500 will be stopped around the end of 2018, when the €100 and €200 banknotes of the Europa series are planned to be introduced. The other denominations – from €5 to €200 – will remain in place.

In view of the international role of the euro and the widespread trust in its banknotes, the €500 will remain legal tender and can therefore continue to be used as a means of payment and store of value. The Eurosystem, which comprises the ECB and the euro area national central banks, will take steps to ensure that the remaining denominations are available in sufficient quantities.

The €500 banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time.

In April, Reuters reported that European Central Bank looks set to stop printing the 500 euro note, arguing it is used to finance crime.

The 500 euro note is worth more than five times the value of the largest U.S. denomination -- the $100 bill -- and has been dubbed the 'Bin Laden' for its alleged links to terrorism and the difficulty of finding it.

Nearly a third of the 1 trillion euros circulating last year was stored in 500 euro notes, ECB data showed.

Yet 56 percent of European Union citizens have never seen one, according to a 2011 ECB survey, because the note is mainly used for hoarding cash, rather than paying.
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Tuesday, April 12, 2016

5 Euro coin 'Blue Planet Earth' on Thursday

The world's first 'tri-material coin', 5 euro coin 'Blue Planet Earth' will be available on Thursday. The new coin has a transparent, glinting blue plastic ring in the center, which is to offer the euro coins better protection against counterfeiting in the future.

A total of around 1.5 million coins are issued in mint condition and 250,000 coins are issued as a limited collector's item as "Blue Planet Earth" Proof Like finish, the Proof Like Finish coins are no longer available due to high demand.

'Blue Planet Earth' coin


The coin's smooth edge is embossed with the inscription:
"BLAUER PLANET ERDE - BLAUER PLANET ERDE" (Blue Planet Earth)

The artists Stefan Klein and Olaf Neumann from Iserlohn, Germany, designed the coin while the eagle figure is based on a template created by Alina Hoyer from Berlin.

The jury explained their decision as follows.

"The (...) design stands out thanks to its clear style and the very successful realisation of the specified subject "Planet Earth". Earth is depicted in the inner circle with its continents shown as dotted masses. The clever posi-tioning of the Earth's surface right next to the polymer ring fulfils two functions: The blue ring encircles the planet in such a way that the viewer instinctively thinks of it as the Earth's atmosphere. Additionally, the ring represents the link between Earth and the cosmos. The various sizes of the depicted celestial bodies reflect the diversity of astronomical objects..."

5 euro coin

The reverse features an eagle framed by the words "BUNDESREPUBLIK DEUTSCHLAND", the value and de-nomination, the year 2016, the twelve stars of Europe and the mint mark "A" (Berlin), "D" (Munich), "F" (Stuttgart), "G" (Karlsruhe) or "J" (Hamburg), depending on where the coin was minted.

Technical Specifications:
Theme: "Planet Earth"
Artist: Stefan Klein and Olaf Neumann, Iserlohn; Alina Hoyer, Berlin (Adler)
Issue date: 14th April 2016
Mints: Berlin (A), Munich (D), Stuttgart (F), Karlsruhe (G), Hamburg (J)
Weight: 9 grams
Diameter: ca. 27,25 mm
Material: Cu75Ni25, Cu81Ni19, polymer ring (five different shades of blue)
Nominal: 5 €
Mintage: Proof Like Finish: limited to max. 250,000; uncirculated: approximately 1,500,000

The mint condition coins are still available at German Sales Agency for Collector’s Coins www.deutsche-sammlermuenzen.de.
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Sunday, February 14, 2016

Royal Canadian Mint offers Bullion DNA

The Royal Canadian Mint is introducing its Bullion DNA Anti-Counterfeiting Technology to the European market. The Mint’s Bullion DNA counter-top device, which now allows genuine Gold Maple Leaf (GML) and Silver Maple Leaf (SML) bullion coins to be certified in-store, was unveiled before European bullion dealers and distributors gathered at the 2016 World Money Fair in Berlin, Germany. 

Bullion dealers and distributors across Europe can now register for the Royal Canadian Mint Bullion DNA Program in order to purchase this innovative anti-counterfeiting technology.

Bullion DNA


“The Royal Canadian Mint is committed to assuring our customers that our bullion products continue to be industry innovators through their unrivaled quality, purity and security,” said Sandra L. Hanington, President and CEO of the Royal Canadian Mint. 

“The addition of Bullion DNA Anti-Counterfeiting Technology to our growing list of bullion security solutions is a game-changer for bullion dealers and distributors as they can now certify that new GML and SML coins are genuine, at the very moment of a transaction.”



The Bullion DNA device works by reading a micro-engraved security mark appearing on the reverse of every GML bullion dated 2014 and later, as well as every SML coin dated 2015 and beyond. 


The mark, consisting of a textured maple leaf and the last two numerals of the coin’s production year, visible only under magnification, is laser-engraved on the dies which are used to strike these coins.

The Mint’s digital non-destructive activation (DNA) technology, developed in partnership with ArjoSolutions, captures images of the mark encrypted with a string of code, and stores these in the Royal Canadian Mint’s secure database. 

When a GML or SML coin is placed in the Bullion DNA device, it communicates with the Mint’s secure servers to decode the encrypted signature and search for a match registered during coin production.

To find out more about Bullion DNA Anti-Counterfeiting Technology or enroll in the Bullion Dealer Program, visit www.mint.ca/bulliondna.
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Thursday, February 11, 2016

Yves Saint Laurent coins released by Monnaie de Paris

The Monnaie de Paris (Paris mint), has released a coin featuring Yves Saint Laurent and the Georges Pompidou Centre to celebrate the Modern 20th Century in France. 

The Yves Saint Laurent coins are part of the Europa Star series, which involves European monetary institutions creating commemorative pieces.

ysl coin

The coin reverse show an iconic building of contemporary architecture, the Georges Pompidou Centre and artist representative of the international influence of France over Fashion, Yves Saint Laurent with his iconic Mondrian dress.

Yves Henri Donat Mathieu-Saint-Laurent or known as Yves Saint Laurent was born on 1 August 1936 and this year marks the 80th anniversary of the fashion designer’s birth. He is regarded as one of the greatest names in fashion history.

His iconic Mondrian dress collection comprised graphic black lines and blocks of white and primary colour that were inspired by the paintings of Piet Mondrian, a Dutch painter. Rather than being printed, the dresses were made of pre-dyed fabrics, each colour in their design being an individual piece of fabric.

The new coins come in silver and gold, with face values of 5 euros, 10 euros and 50 euros.

For more information about the Europa Modern 20th Century coins, you can visit Monnaie de Paris official website monnaiedeparis.fr.
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Monday, February 8, 2016

New platinum Vienna Philharmonic coin issued

The Austrian Mint has issued a new platinum Vienna Philharmonic coin as the latest addition to its internationally renowned coin range. Unveiled at the Berlin Coin Fair, the coin marks the Austrian Mint's first platinum offering.

Philharmonic coin

Produced from 999.5 pure platinum, the new Vienna Philharmonic coin features the same award-winning design by Austrian Mint head designer Thomas Pesendorfer as its gold and silver counterparts. The coin, which is named for the world-famous orchestra, depicts an assortment of musical instruments on its reverse and the organ of the Musikverein concert hall in Vienna, the orchestra's home, on its obverse.

"Collectors and investors have long prized our coins, which represent centuries of craftsmanship and tradition," said Gerhard Starsich, CEO and Chairman of the Executive Board of the Austrian Mint. "Expanding into platinum is a natural step for us, and we are especially proud that our inaugural platinum coin features the world-renowned Vienna Philharmonic design."

SPECIFICATIONS:
Quality: uncirculated
Collection: Vienna Philharmonic
Face value: 100 Euro
Date of issue: 08.02.2016
Coin design: Thomas Pesendorfer
Diameter: 37.00 mm
Alloy: Platinum Pt 999,5
Total weight: 31.10 g
issued price: € 1040.00 incl. 20% VAT

One of the most successful bullion coin ranges worldwide, the Vienna Philharmonic counts among the favourites with investors in Europe, Japan and North America.

The new platinum coin will initially be available in 1 ounce denominations, and will be sold throughout Europe and in overseas markets including the U.S. and Japan.
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Wednesday, January 20, 2016

€2 Proclamation of the Irish Republic Coin issued

The Central Bank of Ireland have issued a commemorative €2 coin, designed by Emmet Mullins, into general circulation to mark the centenary celebration of the 1916 Easter Rising and the Proclamation of the Irish Republic.

This is the first time that Ireland has issued a circulating euro coin to mark an event in Irish history.

Irish Coin

The designer of this coin, Emmet Mullins, describes the design as, “featuring a depiction of the statue of Hibernia on top of the GPO where she has witnessed the events of 1916 and watched the growth of a nation since the Rising”. 

The coin features a representation of the statue of Hibernia (the historic personification of Ireland) on top of the GPO, the centenary dates and the name Hibernia in hand-rendered lettering influenced by the Book of Kells.

The collectable versions of the coin will include:
  • €2 uncirculated coin card
  • €2 uncirculated coin bookmark
  • 2016 annual mint set containing the nine 2016-dated coins and a commemorative booklet
  • 2016 €2 proof quality cased coin
  • 2016 proof quality nine-coin set

You can now order this €2 commemorative coin here.
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Wednesday, November 18, 2015

Malta Third Farthing gold coin issued Nov 19

On 19 November 2015 the Central Bank of Malta will be issuing a 5 Euro Gold Commemorative Coin Malta 2015 Proof - Third Farthing. This coin has a face value of €5 and will be sold at €60 (including VAT).

Third Farthing

The introduction of British coinage in Malta in 1825 necessitated the introduction of a coin equivalent to the grano, which was the smallest denomination used during the time of the Order of St John.

The first one-third farthing was struck for use in Malta in February 1827 at the Royal Mint in England.

This coin which was locally known as ћabba was no longer minted after 1913 and appears to have gone out of circulation by the 1930s. The Bank's gold numismatic coin was designed and engraved by Noel Galea Bason and is of proof quality.

The obverse shows the emblem of Malta and the year of issue 2015. The reverse features a representation of the first pattern of one-third farthing used in Malta between 1827 and 1860. It depicts Britannia seated and holding a trident.

The coin is struck in 0.999 gold at the Royal Dutch Mint, has a weight of 0.5 grams and a diameter of 11 mm.

The mintage is limited to 2,500 coins.

It may be purchased from the Malta Coins Distribution Centre at the main building of the Central Bank of Malta in Valletta, or by completing the order form which can be downloaded from the Bank's website www.centralbankmalta.org.
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Sunday, November 15, 2015

New 20 euro banknote on 25 November 2015

A new €20 banknote is to come into circulation across Euro on 25 November 2015. The European Central Bank (ECB) said in a statement last month, 2.8 million businesses already received information leaflets and motion cards about “the design and security features” of the new banknote.

The leaflet shows the steps they need to take to adapt their equipment to the new €20 banknote as well as the timeline for the launch. It also points out that banknotes can be easily checked manually, using the FEEL-LOOK-TILT method.

Extra copies of the leaflet and the motion card can be obtained from the respective national central bank.

new 20 euro

On 24 February 2015, Mario Draghi, President of the European Central Bank (ECB), unveiled the new €20 banknote at a press conference at the ECB's new headquarters in Frankfurt am Main, Germany. The new €20 note will be featuring a hologram portrait-window with the picture of a mythological European figure, and also changes colour depending on the viewing angle, from emerald-green to dark blue.

Mario Draghi said the new note includes an innovative security feature in the form of a “portrait window” set in the hologram. When the banknote is held against the light, the window becomes transparent and reveals a portrait of the mythological figure Europa, visible on both sides of the note.

The new €20 banknote, like the new €5 and €10 notes, also includes an “emerald number” and a portrait of Europa in the watermark.

President Draghi said: “The portrait window is a real innovation in banknote technology. It is the outcome of the Eurosystem’s work to ensure that the euro notes continue to be resilient against counterfeiting. This will reinforce the trust that the 338 million citizens across the euro area place in their banknotes.”

The new €20 note is the third in the Europa series that is gradually replacing the original series of euro banknotes introduced in 2002. The Europa series €5 banknote was issued in May 2013, and the €10 note in September 2014.

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Monday, November 2, 2015

Latvia issue 30 Years of the EU Flag commemorative coin

On 3rd November, The Bank of Latvia (Latvijas Banka) is issuing a 2 euro commemorative coin to honour 30 years of the European Union flag. The coin is legal tender in the Republic of Latvia and all the euro area countries. Like any other piece of circulation money, this coin will be released via commercial banks, special points of sale and other enterprises.

Latvia coin

It will be available for exchange at the Cashier's Offices of Latvijas Banka in Riga and Liepāja as of Tuesday, 3 November. 10 000 Brilliant Uncirculated quality coins in special souvenir packing will also be struck (their price at Cashier's Offices of Latvijas Banka is 7.30 euro).

This 2 euro coin is jointly issued by the euro area countries. The design of the coin was picked via a design contest organised by the European Commission in which around 100 000 European voters participated. The coin is a dedication to the 30th anniversary of the adoption of the European flag as an official emblem of the European Union.

The graphic design of the coin has been created by Georgios Stamatopoulos of the Bank of Greece. The reverse of the coins issued by Latvijas Banka bears the inscription "LATVIJA", and similar to all other 2 euro circulation coins of the Republic of Latvia, the edge lettering is "DIEVS * SVĒTĪ * LATVIJU" (GOD BLESS LATVIA). The European or common side of commemorative coins, with the nominal displayed (artist Luc Luycx), and all other specifications do not differ from normal 2 euro circulation coins.

The new 2 euro commemorative coins are struck by Staatlichen Münzen Baden-Württemberg in Germany.

Georgios Stamatopoulos, the author of the winning design, has emphasised that the flag is a symbol uniting the nations and cultures that share a common future vision and ideals. The design features 12 stars that morph into human figures embracing the birth of a new Europe.

The issuing volume of commemorative coin 30 Years of the EU Flag is 1 million. The experience of Latvijas Banka shows that this volume is sufficient to meet the demand, at least for several weeks, from all interested parties.

Latvijas Banka is carrying on the tradition of minting circulation coins of special design. Each country in the euro area is entitled to issue two commemorative coins per year. Also, they are allowed to produce a third coin, provided that it is issued under a jointly organised programme. This year, Latvijas Banka has already issued a 2 euro commemorative coin honouring the Latvian Presidency of the Council of the European Union; towards the close of the year, it is envisaged to produce another 2 euro commemorative coin featuring the stark.

Source: The Bank of Latvia
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Wednesday, October 28, 2015

Ireland start their Rounding of Cash Transactions

Starting today (October 28th), Republic of Ireland will begin their Rounding of Cash Transactions to reduce the use of 1 cent and 2 cent coins. Rounding will be conducted on a voluntary basis and will only apply to cash payments with the total amount of any bill being rounded up or down to the nearest 5 cent mark.

2 cent

This will be done on a voluntary basis and the 1 cent and 2 cent coins will still remain legal tender.

The bill can be rounded up or down, as follows:

  • a transaction costing €10.21 or €10.22 would be rounded to €10.20
  • a transaction costing €10.23 or €10.24 would be rounded to €10.25
  • a transaction costing €10.26 or €10.27 would be rounded to €10.25
  • a transaction costing €10.28 or €10.29 would be rounded to €10.30
  • Two individual items priced at €10.99 and €3.49 respectively would remain at these prices, although the change on the total bill (€14.48), if €15.00 was tendered would be rounded down from 52c to 50c.


Three individual items priced at €2.99, €4.49 and €8.13 respectively would remain at these prices, although though the change on the total bill (€15.61), if €20.00 was tendered, would be rounded up from €4.39 to €4.40.

As at 12 June 2015 1,096,853,216 2c coins have been issued into circulation in Ireland amounting to €21,937,064.32. 1,384,491,236 1c coins have been issued into circulation in Ireland amounting to €13,844,912.36.

A 1 cent coin costs 1.65c to produce while 2 cent coin costs 1.94c.

Since joining the euro in 2001, Ireland has spent some €37 million (£27m) minting the copper coins.

Similar schemes have already been introduced in other eurozone states including the Netherlands, Sweden, Finland, Denmark and Hungary.
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Monday, September 14, 2015

Edward III Leopard Coinage in Spink Auction

A recently discovered gold Half-Florin or 'Helm' of Edward III (1327-77) will be offered in the sale of Ancient, Islamic, British and Foreign Coins and Commemorative Medals taking place between the 22nd-23rd September 2015 in London.

Leopard coinage

Many will recollect that Spink handled the last specimen to be unearthed in March 2013, which sold for £90,000 (incl. buyer's premium). These two examples of this excessively rare denomination comprise 100% of the known specimens which are available to the collectables market. There are just three others known to exist, two in the British Museum and one in the Hunterian in Glasgow.

In 'English Coins 1180-1551' (2009) Lord Stewartby comments on Edward III's Florin gold as being; '...among the most attractive of any in the whole of English coinage.'

This experimental issue was conceived and executed during the 'high summer' of gothic art. The coinage was a worthy medium for conveying this artistic vibrancy and the skills innately required in its production. Using continental gold issues for inspiration and utilising aspects of Edward's III's own great seal the designs are imbued with Edward's desire to stake his claim to the French throne. Here we see the first instance whereby the French royal title is assumed on the obverse of a British coin. Surrounding the helm and dappling the fields are fleur-de-lis, an allusion to Edward's French lineage through his mother, Isabella of France. It was here at the outset of the Hundred Years War in the context of disputed lines of succession and with King Edward's claim to the French crown that the rest of British late medieval history was to be shaped. A highly important piece for which production lasted just six months between January and July 1344 and for which a parallel has not since been seen in the British coinage.

Edward III

Of course, one has to mention in the same breath the Double-Florin also known as the Double-Leopard, issued contemporaneously with the Helm, which Spink handled in June 2006. It realised £480,000 (incl. buyer's premium) and set a new world record for the highest price ever reached for a British Coin. To complete Spink's hat-trick of Double-Florin, Florin and Half-Florin we have the Florin that Spink sold in 2003 for £5,680 (incl. buyer's premium). Therefore Spink is the only auction house to have handled all three denominations of Edward III' s iconic 'Leopard' coinage.

The sale includes the Andy Scot Collection of Copper and Bronze Pennies, a selection of Constantius and Constantine from the London Mint, from the Lee Toone Collection and a large collection of excellent Abbasid Coins.

For more detail information about the sale of Ancient, Islamic, British and Foreign Coins and Commemorative Medals you can visit Spink website www.spink.com.
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Thursday, September 10, 2015

George III gold coin expected to fetch £250,000

An extremely rare George III gold coin expected to sell for £200,000 to £250,000 at an auction held by Dix Noonan Webb, the international coins and medals specialists, in London on 16 September 2015. The coin was designed as George III lay dying in 1820 and effectively became a commemorative piece for the king.

George III

Just 25 of the coins are believed to have been minted some of which were given to museums and institutions while others went to some of the most influential figures of the time. The magnificent coins – the last to bear the head of a monarch who had been on the British throne for 60 years – rarely appear on the market. This example is being sold by a lady collector.

“This coin is something very special,” said Christopher Webb, head of the coins department at Dix Noonan Webb. “It is a wonderful example of the coin engraver’s art. But it also marks the end of the reign of George III which had seen the loss of the American colonies, the French Revolution, the rise and fall of Napoleon and the birth of the Industrial Revolution. Here beauty combines with history.”

St George

This pattern coin – one produced to evaluate a proposed design but not approved for general release – emerged from the relationship between William Wellesley Pole, Master of the Mint from 1814 to 1823, and the Italian Benedetto Pistrucci, his leading engraver, who came to England in 1815. Thomas Wyon junior, the chief engraver at the Mint, died in 1817 but Pistrucci was barred from formally taking over the post because he was a foreigner. Pole got round this rule by leaving the job nominally vacant, paying Pistrucci £500 a year and giving him the use of the chief engraver’s official residence at the Mint. It was an arrangement that caused some resentment.

No large gold coins had been issued for circulation in England since 1754, before George III had come to the throne, and in December 1819, perhaps realising that the king’s health was rapidly declining, Pole instructed Pistrucci to prepare dies. Although workmen at the Royal Mint laboured through the night to finish them in time, the dies were not completed when George III died at Windsor at 8.38pm on 29 January 1820.

With the king dead, the gold coins could not be minted for general circulation. Instead a small number – thought to be 25 although there may have been 26 – were struck effectively as posthumous commemorative pieces. Six went to institutions such as the Royal Mint, the Bank of England and the British Museum while eight were given to Royal Mint officials. The remainder were acquired by influential figures such as the Marquis of Salisbury, and coin collectors such as the south London brewer Robert Barclay and the museum curator Edward Hawkins. It is uncertain as to whether the Marquis of Salisbury received one or two specimens – hence the debate over whether there are 25 or 26 - but it is more probably the former. Whatever the figure the 1820 Pattern Five Pounds remains one of the rarest British coins.

For more information, you can visit Dix Noonan Webb website www.dnw.co.uk.
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Friday, September 4, 2015

Germany coin collectors need our help

Coin collectors of Germany are asking for our help to joins their petition against ‘onerous’ proposed German law. Coins older than 100 years or worth more than 100 euro will be forbidden from 2016, as the german government is working on a new law in order to protect their national heritage.

coin petition

The new German law, instituting an export license on German cultural objects — which could include coins, art and a variety of other collectibles — requiring dealers to provide a 20-year history of an object's provenance.

So far, only 22,974 signature has been collected and 47 days remaining. They need 120.000 signatures to make parliament listen to them.

Click here to sign the petition:
https://www.openpetition.de/petition/online/fuer-den-erhalt-des-privaten-sammelns

The Reason why the petition were made:
The stipulations of the amendment of the law on the Protection of Cultural Heritage threaten the collecting of cultural objects by private individuals. This law will effect everybody specialized in traditional collecting fields, such as books, stamps, furniture, ceramics, coins, classic cars and paintings. Retroactively, this new law will impose due diligence guidelines that are impossible to follow even for the most meticulous collector. When it comes to a dispute, the law will require, by reversing the burden of proof, the owner of a “cultural good” with a value of at least 2,500 euros to provide proof as to the item’s provenance for the previous 20 years; this affects “archaeological cultural goods” with a value as low as 100 euros.

This is an unrealistic demand which misrepresents most of the objects that are currently traded on the domestic and the international art market in full accordance with the law as being illegal, and will result in a considerable decline in value of the objects in question.
We therefore demand a law on the Protection of Cultural Heritage that observes the following principles:
•No retroactive effect of the law
•No reversal of the burden of proof
•A clear definition of the term “national cultural heritage” and a limit to claims by the state to “national cultural heritage” only
•Free movement, unimpaired by bureaucratic obstacles, of cultural goods which are not classified as “national cultural heritage”, EU-wide, according to the free movement of goods
•An appropriate participation by the parties representing collectors and dealers in the law-making process
For centuries collectors have protected cultural heritage. Private collecting adds to national efforts and promotes the tradition’s preservation in all its variety, in a way museums alone could never accomplish. Collecting is an immaterial cultural heritage that is currently threatened by the latest drafts of the new German law on the Protection of Cultural Heritage.

Our coin collector friends need your help to sign this petition and keep this legislation from becoming law. Please help them and spread the news. you only need to type your name, address and give your email to join the petition.

We don't know, it might be our turn next time to ask for their help.
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Wednesday, August 26, 2015

British Error Coins offered by Spink

Bill Snyder Collection of British Error Coins will be offered by Spink as part of Spink's Collector Series auction, September 24-25, 2015, in New York. The collection ranging from Charles II to Elizabeth II, the collection of over 100 lots features a number of important and dramatic errors, highlighted by a stupendous 1872 Gothic Florin diecap.

With the florin's obverse inset in a raised cap of over 6mm, it presents as a stunning "die-dish" error. Toned a pearly white and uncirculated, the exceedingly rare and possibly unique Gothic diecap (lot 263) is estimated at $9,000 to $12,000.

Other highlights include a lovely James II (1686) Halfcrown struck 20% off center (lot 172) and a George IV 1826 Shilling Obverse Brockage double struck with the second strike 50% off center (lot 245).

1826 Shilling

Rich in brockages - both obverse and reverse - double strikes and multiple strikes, the collection features errors on Farthing to Crown denominations, Maundy issues, and even an off-metal 1692 Guinea die triple struck on a Halfpenny planchet.

"Generally, the Royal Mint was rather good at catching errors," said Spink USA Senior Numismatist Gregory J. Cole, "thus this collection represents a sizeable offering of solid collector error coins."

The Spink's Collector Series auction features World and U.S. coins, paper money, exonumia, autographs, historical documents and stocks and bonds. Included in the Collector's Series' Sale is an important 1876 Mauritius "Life-saving" Medal in Gold for the rescue of the survivors from the ship 'Strathmore' wrecked on the Crozet Islands, a fractional currency presentation book of Spencer M. Clark, a specialized Chinese banknote section, and a fine collection of Palestine and Judaica stocks & bonds.

For further information, please visit Spink website (www.spink.com).

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Tuesday, August 18, 2015

Seychelles 'sex' banknote to be sold at Dorset auction

A 50 Rupee Seychelles note, issued between 1968 and 1973 and features an image of the Queen with the word "sex" secretly written in palm trees is to be sold at Dorchester-based auctioneers Duke’s on October 15.

It has an estimate of £200.

Timothy Medhurst

Some believe the word was added because the Seychelles was at the time trying to gain independence from Britain.

It has been suggested that it was done by a rogue engraver, who tweaked the original design of the currency.

There are also those who believe it was just an unfortunate error; however, another note in the series appears to carry the word "scum", implying it was deliberate.

Timothy Medhurst, from the Duke's Auctioneers, said: "This is a very collectable item for obvious reasons.

"Amazingly the added message wasn't noticed - or was perhaps never mentioned - until after it stopped being printed.

"There are various theories about how the word came to be included. Many think the engraver Brian Fox of Bradbury & Wilkinson, the printers, put it in."

Seychelles sex note

Mr Medhurst added: "It is an otherwise attractive note, but would have disappeared into obscurity if it had not been for its secret message.

"I am looking forward to the auction, which will take place on October 15, and said he felt the note would excite collectors.

"Collectors are always keen to have one and this is in good condition and was consigned by a collector.

"It is part of our October sale which will see a huge variety of notes, coins, medals and other related items go under the hammer."

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Thursday, August 6, 2015

New £100 Buckingham Palace coin released

The Royal Mint has released a second limited edition £100 for £100 commemorative coin – Buckingham Palace 2015 UK £100 Fine Silver Coin. Only 50,000 of the new legal tender £100 coins are to be minted, and each will contain two full ounces of 999 fine silver.

Buckingham Palace

Director of Commemorative Coin and Medals, Shane Bissett said, “Buckingham Palace is an instantly recognisable architectural icon for the millions of British citizens and tourists who have seen it in person or in pictures and on film. The building is an instinctive rallying point in the capital city during times of national celebration and mourning, and was a natural choice for the next design in The Royal Mint’s popular £100 for £100 coin series.”

The first limited edition £100 for £100 commemorative coin – Big Ben 2015 UK £100 Fine Silver Coin released in December 2014, sold out within days.

George III bought Buckingham House in 1761 for his wife, Queen Charlotte, and work began the following year to remodel it. Later, George IV would transform the house into a palace. Architect John Nash set about realising the king’s ambitious plans, but spiralling costs eventually cost him his job and King George never moved in.

Queen Victoria became the first sovereign to take up residence in 1837, however, when she married Prince Albert three years later, the shortcomings of her new home were highlighted. The Marble Arch was moved and nurseries and guest bedrooms were added. Work continued and the palace was finally finished just before the outbreak of The First World War in 1914.

Buckingham Palace was one of the sights that inspired Royal Mint’s engravers Glyn Davies and Laura Clancy when they took on the challenge of capturing something a little different with their portraits of iconic landmarks. They were motivated to picture the wonders of Britain from the point of view of the thousands of tourists who visit, cameras in hand, to collect their own memories of Britain’s famous structures and sights. In their portrait of Buckingham Palace, the building is seen as though from a tourist’s eye view, across The Mall past the Victoria Memorial.

You can get your Buckingham Palace 2015 UK £100 Fine Silver Coin at Royal Mint website www.royalmint.com.
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Friday, July 10, 2015

Kaiser Collection of German Gold in ANA Auction

Heritage Auction have been chosen to present The Kaiser Collection of German Gold, as a part of the August 12 - 17 ANA World Coins Signature Auction in Chicago. The collection consist of 109 gold coins, many of the most desirable issues of the German Empire, in both Business Strike and Proof format.

African Elephant

One of the highlights is a 15 Rupien from German East Africa. Another classically designed coin, this one too features an animal; the majestic African Elephant. While relatively available as a type, it would be truly challenging to find a more pleasing example of this type, as the reverse tone in particular sets this example apart.

From Mecklenburg-Strelitz, we have to mention the fabulous 1873 10 mark. A classic rarity in the series, the mintage for this one-year type is a paltry 1,500 coins. More astounding than that however, the Kaiser Collection piece is seen in stunning MS67 NGC grade. As likely the finest extant for this type, we anticipate insatiable demand and likely a record-setting price.

Also incredible is the 1874 20 Mark issue of Schaumburg-Lippe with a mintage of only 3,000 pieces. Featuring the bust of Adolf Georg, this coin remains in unbelievable condition, and was graded MS67+ by PCGS. Like the aforementioned Mecklenburg-Strelitz coin, this coin, if not the finest extant, is certainly very close. Perhaps our favorite coin of the sale, however, is the Saxony 1914 Proof 20 Mark of Friedrich August. A pristine coin, it was graded PR68 Ultra Cameo by NGC. With thick frost on the motifs and endlessly deep reflectivity in the fields, it's the finest German proof coin we've ever seen!

Birds of Paradise

Several German Colonial issues cap off the Kaiser Collection. A pair of proof 1895-A German New Guinea gold pieces, both in the 10 and 20 mark denominations will surely excite collectors the world around. These coins, absolute classics within the numismatic community, showcase the famous "Birds of Paradise" motif, an illustration that would be just as beloved had these coins been minted in the millions and not in the low thousands for all formats. These examples, both in Gem proof condition, must be seen as top highlights of the entire sale.

This auction will open for bidding soon at www.HA.com/coins.
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