Monaco 2 Euro

ProofArtworkonCircs

Coin World has an announcement on the net of a 2 Euro coin commemorating the 150th anniversary of the founding of Monaco under Prince Charles III.

How did the founder get to be III instead of I, you might ask.
Actually, it is the anniversary of Monte Carlo Casino in Monaco.

Andres

lordmarcovan

Interesting matte surfaces, if that is a photo of the actual coin and not a digital mockup.

STLNATS

Originally posted by: lordmarcovan

Interesting matte surfaces, if that is a photo of the actual coin and not a digital mockup.

This seems to be a digital since the same or a similar image is being used a lot on ebay and elsewhere and the piece won't be available for another month or so.



Not my area, but the price seems stunning (said by a guy who has gotten used to paying way too much for current year Vatican annual silver medals) since it seems to be the same composition as a typical euro made for circulation and a mintage of 15k according to a couple of sites. Is Monaco THAT widely collected? Not a biggie to me if folks are paying that, just curious.

Andres

Its a typical 2 euro coin, as ugly as they come . Many collectors overhere in Europe collect euro coins of all member countries, incl Monaco and since there are more collectors then the 15000 issued,
prices are high from the start, a Monaco Grace Kelly 2007 - 2 euro issue will do around $2000 nowadays. (issue price a couple of hundred)
All smal(ler) member countries tend to limit their special 2 euro issues (2 editions allowed each year) so they make high prices , this includes the Vatican issues, STLNATS
ugly coinbox and a COA included

STLNATS

Thanks for the perspective Andres.



Aesthetics aside, I hadn't realized that was such a strong following for these base medal, current issues even as proofs. I do have a couple of the Vatican issues where the topic/design appealed to me, but don't think any were even close to this level. Live and learn.

Andres

Monaco is numero uno in crazy prizes for their new issues, the price for a 2002 - 2 Euro Vatican John Paul II is also an expensive coin with $500, Vatican average special 2 euro issues are 100.000 coins Amen

ProofArtworkonCircs

I would assume there is a rather small limit by law on the issues of these smaller states. Perhaps there are not enough for all the collectors.

lordmarcovan

Wow, a thousand bucks and no bullion content? That's crazy.

Andres

Originally posted by: ProofArtworkonCircs
I would assume there is a rather small limit by law on the issues of these smaller states. Perhaps there are not enough for all the collectors.

Special Issues are not limited, other then 2 different issues each year, Germany puts out an average of 20-30 million coins each special issue. favourite topic old churches,
these coins do about 5 euros in mint state.
I already explained that some (smaller) countries limit their issues to make high prices,
its all about the profit .
Note: The reverse side of all these special issues are the same by law , a map of Europe with a big 2.

ProofArtworkonCircs

"Euro-area countries are responsible for issuing the coins. The issuing body is typically the treasury in the national finance ministry, while the national mint physically produces the coins and the national central bank puts them into circulation. The denominations and technical specifications are laid down by the Council of the EU, and the European Central Bank approves each the volume and value of coins to be issued each year.

In addition to the euro-area Member States, Monaco, San Marino, the Vatican City and Andorra are also entitled to issue limited quantities of their own euro coins through agreements with the EU."

Sounds like everybody has a limit especially the mini-states. At least I just became aware that Andorra now issues euro coins.

Andres

Monaco can issue at least 100.000 special editions each time , same as the Vatican state , but Monaco just issues 15.000 to 20.000 to keep prices high.
As I live in Europe , I'm using Euro coins daily, difficult to keep 'm apart , these shiny ugly discs. I dont collect 'm , only in my bankaccount

SaorAlba

I got into collecting the silver 5 and 10 Euro coins from Netherlands back when they were selling them at face value - too bad they stopped selling them that way. They even came in a little card thingy. The want I still want but never got is the Princess Amalia coin.

Andres

This one ?

local sites overhere offer them in large numbers