- 1 cent euro coins
1 cent euro coin (€0.01) is the smallest and lowest domination of the
The coins are made of a
steelcore 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 obverse side and country-specific national reverse.
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.
Finlandand Netherlandsbusinesses 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. However, they are effectively only usable in five cent lots in those two countries.
While individual prices are still shown and summed up with € 0.01 precision, the total sum in Finland and the Netherlands 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A survey in 2004 found a majority of citizens wanting the one and two cent coins to be withdrawn across the eurozone, support being highest for the withdrawal of the one cent coin. However, citizens in Germany were most vocal in the support of keeping the coin . At present, the three copper coins together represent 80% of all new coins minted in the eurozone.
Designs still in circulation but no longer minted:
Planned designs to come into circulation once the members who designed them adopt the euro. The dates shown below are tentative and have not been confirmed. They have been mentioned in the media and several other sources, but are subject to change.
Enlargement of the eurozonefor more details of the schedule for these and other countries.
*cite web|url=http://www.ecb.int/bc/euro/coins/1cent/html/index.en.html|title=National sides of 1 cent euro coins|publisher=European Central Bank|accessdate=2007-04-17
Wikimedia Foundation. 2010.
Look at other dictionaries:
2 cent euro coins — 2 cent euro coin (€0.02) is the second lowest domination of the euro coins.DesignThe coins are made of a steel core plated with copper. They have a diameter of 18.75 mm, a 1.67 mm thickness and a mass of 3.06 grams. They incorporate a distinctive … Wikipedia
5 cent euro coins — 5 cent euro coin (€0.05) is the third lowest domination of the euro coins.DesignThe coins are made of a steel core plated with copper. They have a diameter of 21.25 mm, a 1.67 mm thickness and a mass of 3.92 grams. All coins have a common obverse … Wikipedia
10 cent euro coins — (€0.10) are made of copper alloy (Nordic gold). They have a diameter of 19.75 mm, a 1.93 mm thickness and a mass of 4.10 grams. The coins edges are scalloped (ribbed). All coins have a common obverse side and country specific national… … Wikipedia
20 cent euro coins — (€0.20) are made of copper alloy (Nordic gold). They have a diameter of 22.25 mm, a 2.14 mm thickness and a mass of 5.74 grams. The coins edges are smooth with seven indentations ( Spanish flower ). All coins have a common obverse side and… … Wikipedia
50 cent euro coins — (€0.50) are made of copper alloy (Nordic gold). They have a diameter of 24.25 mm, a 2.38 mm thickness and a mass of 7.8 grams. The coins edges are scalloped (ribbed). All coins have a common reverse side and country specific national… … Wikipedia
Euro coins — There are eight euro coin denominations, ranging from one cent to two euros (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the… … Wikipedia
Finnish euro coins — feature three separate designs. Heikki Häiväoja provided the design for the 1 cent – 50 cent coins, Pertti Mäkinen provided the design for the 1 euro coin, and Raimo Heino provided the design for the 2 euro coin. All designs feature the 12 stars… … Wikipedia
Cypriot euro coins — feature three separate designs for the three series of coins. Cyprus has been a member of the European Union since 1 May 2004, and is a member of the Economic and Monetary Union of the European Union. It has completed the third stage of the EMU… … Wikipedia
1 euro coins — 1 euro European Union Value 1 euro Mass 7.5 g Diameter 23.25 mm Thickness … Wikipedia
German euro coins — have three separate designs for the three series of coins. The 1, 2 and 5 cent coins were designed by Rolf Lederbogen, the design for the 10, 20 and 50 cent coins is by the hand of Reinhard Heinsdorff and the 1 and 2 euro coins were done by Heinz … Wikipedia