1 cent euro coins
From Wikipedia, the free encyclopedia
1 cent euro coin is the smallest and lowest domination of the euro coins. It is copper and is 16.25 mm wide with one side displaying Europe on a globe, with its value displayed, and the other showing one of fifteen national designs.
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[edit] Usage
Finnish and Dutch businesses and banks employ a method known as "Swedish rounding" when tallying sums. Due in large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finland has opted to remove these coins from general circulation in order to offset the cost involved in accepting them. The 1 cent and 2 cent coins are legal tender and are still minted for collector sets as required by the European Monetary Union (EMU) agreement.
While individual prices are still shown and summed up with € 0.01 precision, the total sum is then rounded to the nearest € 0.05. Sums ending in € 0.01, € 0.02, € 0.06 and € 0.07 are rounded down to the nearest 5 cents; sums ending in € 0.03, € 0.04, € 0.08 and € 0.09 are rounded up to the nearest 5 cents.
A survey in 2004 found a majority of citizens wanting to the one and two cent coins to be withdrawn across the Eurozone, support was highest for the withdrawal of the one cent, however citizens in Germany were most vocal in the support of the coin. At present, the three copper coins together represent 80% of all new coins minted in the Eurozone.
[edit] Design
- See also: Euro coins#Current design
The coins are made of a steel core plated with copper. They have a diameter of 16.25 mm, a 1.67 mm thickness and a mass of 2.30 grams. All coins have a common reverse side and country-specific national sides.
The present common design displays "Europe's place in the world", bordered by North Africa, the Middle East and Asia. The fifteen then-European Union member states are highlighted but this was not considered prominent enough to warrant a change in design when the non-copper coins were redesigned in 2007 to reflect the post-2004 enlargements. This side also shows a large figure 1 and the words "euro cent", twelve stars are also displayed in two groups along the edge.
Although there are no plans to get rid of the one cent coin, the Commission and some member states have proposed that its national side be standardised across the Eurozone to reduce the cost of its production.
[edit] National sides
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Belgium: Effigy and monogram of King Albert II
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Finland: The heraldic lion of Finland found on the Coat of arms of Finland.
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Greece: An Athenian trireme of the 5th century BC.
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Ireland: The traditional Irish harp |
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Italy: The Castel del Monte, a 13th century castle in Apulia.
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Luxembourg: Effigy of Grand Duke Henri
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Netherlands: Portrait of Queen Beatrix, her title around the edge.
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San Marino: Third tower Il Montale
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Slovenia: A stork, a motif taken from the former 20 tolarjev coin.
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Spain: The Obradoiro façade of the Cathedral of Santiago de Compostela.
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Vatican: Effigy of Pope Benedict XVI
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[edit] Former designs
Designs still in circulation but no longer minted;
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Vatican City: Effigy of Pope John Paul II
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Vatican City: Issued during the Sede vacante period. Insignia of the Apostolic Chamber and the Coat of arms of the Cardinal Chamberlain.
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[edit] Future designs
Planned designs to come into circulation once the members who designed them adopt the euro;
Latvian 5, 2 and 1 cent coin design.JPG
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Lithuania: The Vytis, the Coat of arms of Lithuania
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Slovakia: The Kriváň peak in the High Tatras
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[edit] External links
- National sides of 1 cent euro coins. European Central Bank. Retrieved on 2007-04-17.
da:1¢ fr:Pièce de 1 cent d'euro it:1 centesimo di euro pt:Moeda de 1 cêntimo de euro th:เหรียญ 1 เซนต์ (ยูโร)
