2 euro cent coin
|Edge||Smooth with continuous groove|
|Years of minting||Since 1999|
|Design||24 variations, see below|
|Design||Globe with the EU-15 highlighted next to the denomination shown in Latin characters|
The 2 euro cent coin (€0.02) has a value of one-fiftieth of a euro and is composed of copper-plated steel. All coins have a common reverse and country-specific (national) obverse. The coin has been used since 2002 and was not redesigned in 2007 as were the higher-value coins.
The coin dates from 2002, when euro coins and banknotes were introduced in the twelve-member eurozone and its related territories. Despite this, a few coins were issued beginning in 1999. The common side was designed by Luc Luycx, a Belgian artist who won a Europe-wide competition to design the new coins. The design of the 1 to 5 cent coins was intended to show the European Union's (EU) place in the world (relative to Africa and Asia) as opposed to the one and two euro coins showing the 15 states as one and the 10- to 50-cent coins showing separate EU states.
The national sides, then 15 (eurozone + Monaco, San Marino and the Vatican who could mint their own) were each designed according to national competitions, though to specifications which applied to all coins, such as the requirement of including twelve stars (see euro coins for more). National designs were not allowed to change until the end of 2008, unless a monarch (whose portrait usually appears on the coins) died or abdicated. This happened in Monaco and the Vatican City, resulting in three new designs in circulation (the Vatican had an interim design until the new Pope was selected). National designs have seen some changes due to new rules stating that national designs should include the name of the issuing country (Finland and Belgium both do not show their name, and hence have made minor changes).
As the EU's membership has since expanded (in 2004 and 2007), with further expansions envisaged, the common face of all euro coins from the value of 10 cents and above was redesigned in 2007 to show a new map. The 1- to 5-cent coins, however, did not change, as the highlighting of the old members over the globe was so faint it was not considered worth the cost. But new national coin designs were added in 2007 with the entry of Slovenia, in 2008 with Cyprus and Malta, in 2009 with Slovakia, in 2011 with Estonia, in 2014 with Latvia, and in 2015 with Lithuania.
The coins are composed of copper-covered steel, with a diameter of 18.75 mm, a 1.67 mm thickness and a mass of 3.06 grams. The edges are smooth with a continuous groove running round the coin. This groove helps distinguish the 2-cent coin from the smooth 1- and 5-cent coins, as well as the U.S. penny, which has the same diameter. The coins have been used from 2002, though some are dated 1999 which is the year the euro was created as a currency, but not put into general circulation.
Reverse (common) side
The reverse was designed by Luc Luycx and displays a globe in the bottom right. The then-fifteen members of the EU are lightly highlighted and the northern half of Africa and the western half of Asia (including the Middle East) are shown. Six fine lines cut diagonally behind the globe from each side of the coin and have twelve stars at their ends (reflective of the flag of Europe). To the top left is a large number 2 followed, in smaller text, by the words "Euro Cent". The designer's initials, LL, appear to the right of the globe.
Obverse (national) sides
The obverse side of the coin depends on the issuing country. All have to include twelve stars (in most cases in a circle around the edge), the engraver's initials, and the year of issue. New designs also have to include the name or initials of the issuing country. The side cannot repeat the denomination of the coin unless the issuing country uses an alphabet other than Latin. (Currently this is true only of Greece, which engraves "2 ΛΕΠΤΑ" upon their coins in the Greek alphabet. Austria, which still shows the denomination in German, will have to change its design to comply; see below.)
|Andorran euro coins||A Pyrenean chamois and a golden eagle.||2015 onward|
|Austrian euro coins||An Alpine edelweiss as a symbol of Austria's part in developing EU environmental policy. The words "ZWEI EURO CENT" (two euro cent) appear at the top with a hatched Austrian flag below with the date.||2002 onward|
|Belgian euro coins||FIRST SERIES: An effigy of King Albert II. To the right-hand side among the stars was the kings monogram, a letter "A", underneath a crown. The year is lower down, also among the stars.||2002–2007|
|SECOND SERIES: A redesign to include the letters BE (standing for Belgium) beneath the monogram, which was moved out of the stars into the centre circle but still to the right of the King's renewed portrait. The date was also moved out and placed beneath the effigy and included two symbols either side (left: signature mark of the master of the mint, right: mint mark).||2008-2013|
|THIRD SERIES: In 2013, Albert II abdicated with Philippe of Belgium becoming King. He subsequently replaced Albert on Belgian coins.||2014 onward|
|Cypriot euro coins||Two Mouflons, a species of wild sheep on Cyprus that represents the island's wildlife. It includes, in a semicircle to the top right, the name of Cyprus in Greek and Turkish (ΚΥΠΡΟΣ and KIBRIS) each side of the date.||2008 onward|
|Estonian euro coins||A geographical image of Estonia and the word “Eesti” (“Estonia”).||2011 onward|
|Finnish euro coins||FIRST SERIES: The heraldic lion of Finland found on the Coat of arms of Finland. It is a reproduction of a design by the sculptor Heikki Häiväoja and has been used by previous Finnish coins such as the 1 markka between 1964 and 2001. The first series included the initial of the mint master of the Mint of Finland, Raimo Makkonen (an M), on the bottom left side of the lion and the date to the left.||2002–2007|
|SECOND SERIES: When the coins were redesign to meet the new design requirements, the initial was replaced by the mint's mint mark and moved to the left, with the letters FI (for Finland) sitting in the bottom right.||2007 onward|
|French euro coins||Marianne, the feminine representation of France, its state and its values. It is the most prominent representation of France and its ideals of liberty and reason, dating from 1848. The depiction is young and determined, embodying France's desire for a sound and lasting Europe. The letters RF (République française), stylised, appear to the right above the year.||2002 onward|
|German euro coins||An oak twig, an image carried over from the previous pfennig. The year and mint mark are shown at the bottom.||2002 onward|
|Greek euro coins||A corvette, a ship used during the Greek War of Independence. Below it is the denomination in Greek and above is the year.||2002 onward|
|Irish euro coins||The national emblem of Ireland, an Irish harp (the Cláirseach, see Clàrsach). Vertically on the left-hand side is the word "Éire" (Ireland in the Irish language) and on the right-hand side is the date. The harp motif was designed by Jarlath Hayes.||2002 onward|
|Italian euro coins||A depiction of the Mole Antonelliana, a museum in Turin completed in 1889 which was originally intended as a synagogue. It includes the interconnected letters RI (Repubblica Italiana) to the left and the year at the right.||2002 onward|
|Latvian euro coins||A small coat of arms of the Republic of Latvia above the word LATVIJA (Latvia).||2014 onward|
|Lithuanian euro coins||The Vytis (symbol of the coat-of-arms) and the word “Lietuva”, which means “Lithuania”. The twelve stars, symbols of the EU, surrounds the Vytis.||2015 onward|
|Luxembourgish euro coins||A stylised effigy of Grand Duke Henri of Luxembourg designed by Yvette Gastauer-Claire in consultation with the government and monarchy of Luxembourg. The name Lëtzebuerg (Luxembourg in Luxembourgish) and the year is written round the bottom of the coin.||2002 onward|
|Maltese euro coins||Depicts an altar of the prehistoric megalith Mnajdra temples. The temples were built in the fourth millennium BCE on the southern coast overlooking the sea. Beneath the depiction is the name Malta and the year.||2002 onward|
|Monégasque euro coins||FIRST SERIES: The coat of arms of Monaco with the name MONACO across the top of the coin's outer circle and the year across the bottom of the outer circle with the mint marks.||2002–2006|
|SECOND SERIES: When Prince Albert II succeeded Prince Rainier III in 2005, the overall design was kept but the name and the year were moved within the circle to bring it in line with the new designs of the other coins that had changed significantly.||2006 onward|
|Dutch euro coins||FIRST SERIES: A stylised profile of Queen Beatrix of the Netherlands surrounded by the twelve stars and other dots, with the inscription "Beatrix Queen of The Netherlands" in Dutch around the edge. The date and mint marks are located at the bottom.||2002–2013|
|SECOND SERIES: Following the accession to the throne of King Willem-Alexander, a new series of euro coins was issued depicting the effigy of the new Head of State.||2014 onward|
|Portuguese euro coins||The royal seal of 1134 (stylised "Portugal") surrounded by the country's castles and five escutcheons with silver bezants set in relation to the surrounding European stars, and is intended to symbolise dialogue, exchange of values and dynamics in the building of Europe. Between the castles are the numbers of the year towards the bottom and the letters of the name Portugal between the upper icons. The stars are inset on a ridge.||2002 onward|
|Sammarinese euro coins||FIRST SERIES: The Statue of Liberty on the Palazzo Pubblico. To the left are the words San Marino and to the right, the date. The mint marks are shown to the lower right.||2002–2017|
|SECOND SERIES: The official coat of arms of the Republic of San Marino, the City Gate and the Church of St Quirinus, respectively.||2018 onward|
|Slovak euro coins||Kriváň, a notable peak of the Tatra mountains. Kriváň symbolises Slovakia's sovereignty. Below is the name SLOVENSKO (Slovakia), then the year and the coat of arms of Slovakia with the mint marks either side.||2009 onward|
|Slovenian euro coins||The Prince's Stone, a reversed ancient Ionic column which was used in the inauguration ceremonies of Karantanian princes in the Early Middle Ages, symbolic of the ancient organisation of power in Slovenia. Between the stars round the right-hand edge are the letters SLOVENIJA (Slovenia), followed by the date to the lower left.||2007 onward|
|Spanish euro coins||FIRST SERIES: The Obradoiro façade of the Cathedral of Santiago de Compostela, a prime example of Spanish Baroque architecture started in 1667 by Jose del Toro and Domingo de Andrade and completed in the 18th century by Fernando Casas y Novoa. The cathedral, which is Romanesque and dates from 1128, is a major pilgrimage destination. The name España (Spain) is shown to the top left and the top-left five stars are indented on a raised area, inverting the effect of the rest of the coin. The date is shown to the top right.||2002–2009|
|SECOND SERIES: In 2010 the raised area around the stars was removed.||2010 onward|
|Vatican euro coins||FIRST SERIES: An effigy of Pope John Paul II. The name CITTA DEL VATICANO (Vatican City), followed by the year and mint mark, was written in a break between the stars below.||2002–2005|
|SECOND SERIES: Following the death of John Paul II in 2005, a new coin was issued during the Sede vacante until a new Pope was chosen. This contained the insignia of the Apostolic Chamber and the coat of arms of the Cardinal Chamberlain.||2005-2006|
|THIRD SERIES: When Pope Benedict XVI was elected, his effigy appeared on the coins, with the name of the city now broken to his top right with the year and mint mark in the middle to his right.||2006–2013|
|FOURTH SERIES: In 2014 the coins were updated with the election of Pope Francis. CITTA DEL VATICANO is written around the top, broken by Pope Francis's head, with the date below the O in Vaticano.||2014-2016|
|FIFTH SERIES: After the announcement that Pope Francis would not appear on any coins issued by the Vatican, a new series of euro coins were issued to depict the papal coat of arms of Francis.||2017 onward|
Austria, Germany and Greece will at some point need to update their designs to comply with guidelines requiring them to include the issuing state's name or initial, and to not repeat the denomination of the coin.
In addition, there are several EU states that have not yet adopted the euro. Some of them have already agreed upon their coin designs, but it is not known exactly when they will adopt the currency, and hence these are not yet minted. See Enlargement of the eurozone for expected entry dates of these countries.
The one- and two-cent coins were initially introduced in order to ensure that the introduction of the euro was not used as an excuse by retailers to heavily round up prices. However, due to the cost to business and the mints of maintaining a circulation of low value coins, Belgium, Ireland, Finland and the Netherlands round prices to the nearest five cents (Swedish rounding) for cash payments, producing only a handful of those coins for collectors rather than general circulation. Despite this, the coins are still legal tender and produced outside these states, so if a customer with a two-cent coin minted elsewhere wishes to pay with it, they may.
The Dutch Bank calculated it would save $36 million a year by not using the smaller coins. Other countries such as Germany favoured retaining the coins due to their desire for €1.99 prices, which appear more attractive to the consumer than a €2 price. According to a Eurobarometer survey of EU citizens, 64% across the Eurozone want their removal with prices rounded; with over 70% in Belgium, Ireland, Italy, the Netherlands and Slovakia. Only Portugal and Latvia had a plurality in favour of retaining the coins (49% against removal, 45–46% in favour).
- Institutions and the Eurozone countries
- "Save the penny or leave the penny?". CBC News. 10 October 2007.
- "Small Change, Big Annoyance in Europe". BusinessWeek. 23 September 2004. Archived from the original on 2007-10-13.
|Wikimedia Commons has media related to Euro coins (2 cents).|
- "National sides: 2 cents". European Central Bank. Retrieved 18 August 2009.