- Euro gold and silver commemorative coins (Malta)
Euro gold and silver commemorative coins are special
euro coinsminted and issued by member states of the Eurozone, mainly in goldand silver, although other precious metals are also used in rare occasions. Maltaintroduced the euro (€) on 1 January 2008. In such a short time, the Central Bank of Maltahave been producing both normal issues of Maltese euro coins, which are intended for circulation, and commemorative euro coins in gold and silver.
These special coins have a
legal tenderonly in Malta, unlike the normal issues of the Maltese euro coins, which have a legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be used as money in other countries. Furthermore, as their bullion value [Precious metals in bulk form are known as "bullion", and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face valueas money.] generally vastly exceeds their face value, these coins are not intended to be used as means of payment at all—although it remains possible. For this reason, they are usually named Collectors' coins.
As of 6 October 2008, 2 variations of Maltese commemorative coins have been minted, both of them in 2008. These special high-value commemorative coins are not to be confused with
€2 commemorative coins, which are coins designated for circulation and do have legal tender status in all countries of the Eurozone. [cite web | publisher= European Commission| url=http://ec.europa.eu/economy_finance/the_euro/notes_coins8787_en.htm | title=Different types of euro coins | accessdate=2008-06-24]
The following table shows the number of coins minted per year. In the first section, the coins are grouped by the metal used, while in the second section they are grouped by their face value.
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