The euro absolutely has coins, and understanding the euro currency is essential, especially if you’re involved in international transactions or simply planning a trip to Europe. At eurodripusa.net, we understand the importance of clarity and precision in all things, whether it’s the distribution of water through our efficient drip irrigation systems or providing clear information about the currency used in many European countries. Learn more about euro coins and how they function within the Eurosystem. Discover the benefits of precision irrigation and how it can help you save water and increase yields, just like understanding the nuances of currency can enhance your financial efficiency.
1. What Denominations of Euro Coins Are in Circulation?
Yes, the euro has coins. Euro coins come in eight denominations: 1, 2, 5, 10, 20, and 50 cents, as well as €1 and €2. These coins are used daily across the Eurozone for transactions of all sizes.
Euro Coin Denominations
| Coin | Value | Material |
|---|---|---|
| 1 cent | €0.01 | Copper-plated steel |
| 2 cents | €0.02 | Copper-plated steel |
| 5 cents | €0.05 | Copper-plated steel |
| 10 cents | €0.10 | Nordic gold (copper, aluminum, zinc, and tin alloy) |
| 20 cents | €0.20 | Nordic gold |
| 50 cents | €0.50 | Nordic gold |
| €1 | €1.00 | Bimetallic (nickel-brass and copper-nickel) |
| €2 | €2.00 | Bimetallic (nickel-brass and copper-nickel) |
Design Variations
Each euro coin has a common side, designed by Luc Luycx, which is the same across all Eurozone countries. The reverse side features a national design chosen by the issuing country, reflecting its culture, history, or symbols.
Legal Tender Status
All euro coins, regardless of their national side, are legal tender throughout the euro area, meaning they can be used for payments in any Eurozone country.
2. What Does the Common Side of Euro Coins Look Like?
The common side of euro coins features designs that represent the European Union. For the 1, 2, and 5 cent coins, the design shows Europe in relation to Africa and Asia on a globe. The 10, 20, 50 cent coins, and the €1 and €2 coins depict either the European Union before its enlargement on May 1, 2004, or a geographical image of Europe as of January 1, 2007.
Designer of the Common Sides
The common sides of the euro coins were designed by Mr. Luc Luycx of the Royal Belgian Mint. His designs aim to create a unified image of Europe while allowing individual countries to express their national identity on the reverse side.
Variations Over Time
Before January 1, 2007, the common sides of the higher denomination coins (€1, €2, 10, 20, and 50 cents) showed the European Union before its enlargement. After this date, the design was updated to reflect the enlarged EU, depicting a more accurate geographical representation of Europe.
Purpose of Common Designs
The common designs serve to visually unify the currency across all Eurozone countries, making it easier for people to recognize and use the coins regardless of where they were issued.
3. What Distinguishes the National Side of Euro Coins?
The national side of euro coins varies by country, featuring designs chosen by each member of the Eurozone. These designs often include national symbols, historical figures, or landmarks. Each country is free to choose its design, but all coins must include the twelve stars of the European flag, the issuing country’s identification, and the year of issue.
Examples of National Designs
| Country | Design Description |
|---|---|
| Spain | Features images of Spanish historical sites and figures, such as the Cathedral of Santiago de Compostela and Miguel de Cervantes. |
| France | Depicts the Sower, a national symbol representing liberty, peace, and prosperity. |
| Germany | Showcases national symbols like the Brandenburg Gate and the German eagle. |
| Italy | Features famous Italian artworks and landmarks, such as the Colosseum and portraits of historical figures. |
| Greece | Displays images of Greek historical figures and symbols, like Zeus and the owl. |
Requirements for National Sides
To ensure the coins are recognizable as euros, the national side must include the twelve stars of the European flag, the identification of the issuing country, and the year of issue. These elements help maintain a consistent identity for the euro currency across different countries.
Usage of National Sides
Despite the variations in national designs, all euro coins can be used for payments throughout the euro area. The national side allows each country to express its identity while participating in a unified currency system.
4. Are All Euro Coins Legal Tender Throughout the Euro Area?
Yes, all euro coins are legal tender throughout the euro area, regardless of their national side. This means that any euro coin can be used to make payments in any Eurozone country, regardless of which country issued it. This standardization is a key feature of the Eurosystem, facilitating seamless transactions across borders.
Practical Implications
The legal tender status of all euro coins ensures that businesses and individuals can accept any euro coin without concern about its origin. This simplifies transactions and promotes economic integration within the Eurozone.
Acceptance Criteria
As long as a coin is an authentic euro coin issued by a Eurozone member state, it must be accepted as payment. Refusal to accept a valid euro coin is a violation of legal tender laws, although minor exceptions may apply in specific circumstances.
Standardization Benefits
The standardization of euro coins as legal tender throughout the euro area enhances convenience for travelers and businesses. It eliminates the need to exchange coins when crossing borders within the Eurozone, making transactions smoother and more efficient.
5. What Are Commemorative Two Euro Coins?
Commemorative two euro coins are special edition coins issued by Eurozone countries to commemorate significant events or anniversaries. These coins have the same features and properties as regular two euro coins but feature a unique design on the national side. They are legal tender in all Eurozone countries.
Purpose of Commemorative Coins
Commemorative coins celebrate national or European events, promoting awareness and historical recognition. They are often issued to mark anniversaries, honor important figures, or highlight cultural achievements.
Design and Features
The design on the national side of commemorative coins varies by country and the event being commemorated. However, these coins retain the common side design and the standard specifications of regular two euro coins, including the size, weight, and metallic composition.
Legal Tender Status
Commemorative two euro coins are legal tender in all Eurozone countries, meaning they can be used for payments just like regular two euro coins. However, due to their collectibility, they are often kept as souvenirs or collector’s items.
Issuance Guidelines
Each Eurozone country is allowed to issue a limited number of commemorative coins each year. The European Central Bank (ECB) sets guidelines for the issuance of these coins to ensure they do not disrupt the circulation of regular euro coins.
6. How Does the Design of Euro Coins Reflect European Identity?
The design of euro coins reflects European identity through a combination of common and national elements. The common side symbolizes unity and integration, while the national side allows each country to showcase its unique cultural and historical heritage. This blend aims to foster a sense of shared European identity while respecting national diversity.
Common Side Symbolism
The common side designs, created by Luc Luycx, depict geographical representations of Europe, symbolizing the unity and interconnectedness of the Eurozone countries. These designs are consistent across all euro coins, reinforcing the idea of a shared European currency.
National Side Symbolism
The national sides of euro coins feature a wide range of symbols, figures, and landmarks that represent each country’s unique identity. These designs celebrate national history, culture, and achievements, fostering a sense of national pride within the broader European context.
Balance Between Unity and Diversity
The euro coin design strikes a balance between unity and diversity, reflecting the core principles of the European Union. The common side promotes a sense of shared identity, while the national side celebrates the rich cultural and historical diversity of the member states.
Promotion of European Values
The design of euro coins also promotes European values such as peace, freedom, and democracy. By featuring symbols and figures associated with these values, the coins serve as a constant reminder of the ideals that underpin the European Union.
7. What Materials Are Used to Make Euro Coins?
Euro coins are made from a variety of metals and alloys to ensure durability, security, and ease of identification. The 1, 2, and 5 cent coins are made of copper-plated steel, while the 10, 20, and 50 cent coins are made of Nordic gold. The €1 and €2 coins are bimetallic, combining different alloys for enhanced security features.
Material Composition
| Coin | Material Composition | Properties |
|---|---|---|
| 1 cent | Copper-plated steel | Durable, cost-effective, reddish color |
| 2 cents | Copper-plated steel | Durable, cost-effective, reddish color |
| 5 cents | Copper-plated steel | Durable, cost-effective, reddish color |
| 10 cents | Nordic gold (89% copper, 5% aluminum, 5% zinc, 1% tin) | Distinctive gold color, non-allergenic, durable |
| 20 cents | Nordic gold (89% copper, 5% aluminum, 5% zinc, 1% tin) | Distinctive gold color, non-allergenic, durable |
| 50 cents | Nordic gold (89% copper, 5% aluminum, 5% zinc, 1% tin) | Distinctive gold color, non-allergenic, durable |
| €1 | Outer ring: copper-nickel, Inner disc: nickel-brass | Bimetallic for security, two-tone appearance |
| €2 | Outer ring: nickel-brass, Inner disc: copper-nickel | Bimetallic for security, two-tone appearance |
Security Features
The use of bimetallic and Nordic gold alloys in euro coins enhances their security features, making them difficult to counterfeit. These materials have unique properties that can be easily verified using coin validation equipment.
Production Costs
The choice of materials for euro coins is also influenced by production costs. Copper-plated steel is a cost-effective option for the lower denomination coins, while Nordic gold and bimetallic alloys are used for the higher denomination coins to provide enhanced security and durability.
Environmental Considerations
The production of euro coins involves environmental considerations, such as the sourcing of raw materials and the management of waste. The Eurosystem is committed to minimizing the environmental impact of euro coin production through the use of sustainable practices and technologies.
8. How Do Euro Coins Help Facilitate Cross-Border Transactions?
Euro coins facilitate cross-border transactions by providing a standardized currency that is accepted throughout the Eurozone. This eliminates the need for currency exchange when traveling or doing business within the Eurozone, reducing transaction costs and simplifying financial operations. The euro coins are a tangible representation of economic integration and cooperation among member states.
Reduced Transaction Costs
By using euro coins, individuals and businesses can avoid the fees and exchange rates associated with converting currencies. This makes cross-border transactions more affordable and efficient, promoting trade and tourism within the Eurozone.
Simplified Financial Operations
The euro simplifies financial operations by providing a single currency for accounting, pricing, and payment purposes. This reduces the complexity of managing multiple currencies and facilitates comparisons of prices and costs across different countries.
Increased Transparency
The euro enhances transparency by making it easier to compare prices and wages across different countries. This promotes competition and helps consumers make informed purchasing decisions.
Economic Stability
The euro contributes to economic stability by reducing exchange rate volatility and promoting greater coordination of economic policies among member states. This creates a more stable and predictable environment for businesses and investors.
9. What Role Does the European Central Bank (ECB) Play in Managing Euro Coins?
The European Central Bank (ECB) plays a crucial role in managing euro coins by overseeing their issuance, circulation, and quality. The ECB works in cooperation with the national central banks of the Eurozone to ensure a smooth and efficient supply of euro coins to meet the needs of the economy. The ECB also monitors the integrity of euro coins to prevent counterfeiting and maintain public trust in the currency.
Issuance and Circulation
The ECB authorizes the issuance of euro coins by the national central banks of the Eurozone. The national central banks are responsible for distributing the coins to commercial banks, which then make them available to businesses and individuals.
Quality Control
The ECB sets standards for the quality of euro coins to ensure they are durable, secure, and easily recognizable. The national central banks are responsible for monitoring the quality of coins in circulation and removing damaged or counterfeit coins from the system.
Anti-Counterfeiting Measures
The ECB works with law enforcement agencies to combat counterfeiting of euro coins. The ECB also promotes public awareness of security features to help people identify counterfeit coins and prevent their acceptance in transactions.
Cooperation with National Central Banks
The ECB cooperates closely with the national central banks of the Eurozone to ensure a coordinated approach to the management of euro coins. This cooperation includes sharing information, coordinating policies, and conducting joint research on issues related to euro coins.
10. How Do Euro Coins Contribute to European Economic Integration?
Euro coins contribute significantly to European economic integration by fostering a single currency zone, reducing transaction costs, and promoting price transparency. The euro coins are a tangible symbol of economic cooperation and integration among member states, facilitating trade, investment, and economic growth across the Eurozone. By standardizing currency, euro coins enhance economic efficiency and stability within the European Union.
Single Currency Zone
The euro coins are an essential component of the single currency zone, which eliminates exchange rate fluctuations and reduces the costs of doing business across borders. This promotes trade and investment within the Eurozone, fostering economic growth and integration.
Reduced Transaction Costs
By using euro coins, individuals and businesses can avoid the fees and exchange rates associated with converting currencies. This makes cross-border transactions more affordable and efficient, promoting economic activity within the Eurozone.
Price Transparency
The euro enhances price transparency by making it easier to compare prices and wages across different countries. This promotes competition and helps consumers make informed purchasing decisions, leading to greater economic efficiency.
Economic Stability
The euro contributes to economic stability by reducing exchange rate volatility and promoting greater coordination of economic policies among member states. This creates a more stable and predictable environment for businesses and investors, encouraging long-term economic growth.
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11. What Are the Design Elements Commonly Found on the National Sides of Euro Coins?
The national sides of euro coins feature a diverse array of design elements, each reflecting the unique cultural, historical, and symbolic identity of the issuing country. Common design elements include national symbols, historical figures, landmarks, and artistic motifs. These designs serve as a visual representation of each nation’s heritage within the unified Eurozone currency.
National Symbols
Many countries feature their national symbols on euro coins. Examples include the French Marianne, the German eagle, and the Spanish royal crest. These symbols represent the values, history, and sovereignty of the respective nations.
Historical Figures
Euro coins often depict prominent historical figures who have played significant roles in shaping the nation’s identity. Examples include Dante Alighieri on Italian coins, Miguel de Cervantes on Spanish coins, and Queen Beatrix on Dutch coins.
Landmarks
Landmarks such as famous buildings, monuments, and natural wonders are frequently featured on euro coins. Examples include the Eiffel Tower on French coins, the Colosseum on Italian coins, and the Brandenburg Gate on German coins.
Artistic Motifs
Artistic motifs, such as sculptures, paintings, and architectural details, are often incorporated into the design of euro coins. These motifs showcase the artistic achievements and cultural heritage of the issuing country.
Examples of National Designs
| Country | National Side Design Elements |
|---|---|
| Greece | Ancient Greek figures (Zeus, Europa), historical landmarks (Acropolis), and national symbols (owl). |
| Ireland | Celtic harp, a traditional Irish symbol representing the nation’s cultural heritage. |
| Italy | Famous Italian artworks (Botticelli’s Venus), historical figures (Dante Alighieri), and landmarks (Colosseum). |
| Spain | Images of Spanish monarchs (King Felipe VI), historical landmarks (Cathedral of Santiago de Compostela), and symbols. |
Cultural Representation
The diverse design elements on the national sides of euro coins provide a rich tapestry of cultural representation within the Eurozone. These designs celebrate the unique identities of member states while fostering a sense of shared European heritage.
12. How Do Euro Coins Compare to Other Currencies in Terms of Design and Security Features?
Euro coins stand out due to their blend of standardized and national designs, along with advanced security features aimed at preventing counterfeiting. Compared to other currencies, euro coins offer a unique combination of visual unity and national identity, coupled with robust security measures to maintain their integrity. This balance distinguishes euro coins from currencies that either prioritize uniformity or focus solely on national representation.
Design Comparison
| Feature | Euro Coins | Other Currencies |
|---|---|---|
| Common Side | Standardized design representing Europe. | Varies widely; some have uniform designs across all denominations. |
| National Side | Unique designs chosen by each member state, reflecting national identity. | May feature national symbols, historical figures, or landmarks, but often standardized. |
| Denominations | Eight denominations: 1, 2, 5, 10, 20, 50 cents, €1, €2. | Vary by country; some have more or fewer denominations. |
Security Features Comparison
| Feature | Euro Coins | Other Currencies |
|---|---|---|
| Materials | Copper-plated steel (1, 2, 5 cents), Nordic gold (10, 20, 50 cents), bimetallic (€1, €2). | Vary widely; some use similar metals, while others opt for different alloys or composites. |
| Bimetallic Design | €1 and €2 coins feature a bimetallic design, making them difficult to counterfeit. | Some currencies use bimetallic designs, but the specific composition and design elements vary. |
| Edge Markings | Specific edge markings on some denominations to aid in identification and prevent counterfeiting. | Some currencies have edge markings, but the patterns and complexity differ. |
| Anti-Counterfeiting | Advanced techniques and features incorporated to deter counterfeiting, such as micro-printing and specific alloy compositions. | Vary depending on the currency; some incorporate holograms, watermarks, or other advanced security features. |
| Public Awareness | Ongoing campaigns to educate the public about euro coin security features and how to identify counterfeit coins. | Some countries conduct similar campaigns, but the extent and effectiveness vary. |
Strengths of Euro Coins
- Visual Unity: The common side promotes a sense of shared European identity.
- National Representation: The national side celebrates the unique cultural and historical diversity of member states.
- Advanced Security Features: Bimetallic design, specific alloy compositions, and edge markings enhance security.
- Public Awareness: Ongoing efforts to educate the public about security features and counterfeit detection.
Areas for Improvement
- Standardization: Balancing standardization with national representation can be challenging.
- Security: Continuously updating security features to stay ahead of counterfeiters.
Conclusion
Euro coins offer a unique blend of visual unity, national representation, and advanced security features. While other currencies may excel in certain aspects, euro coins provide a well-rounded approach that reflects the values and priorities of the Eurozone.
13. How Have Euro Coins Evolved Since Their Introduction?
Since their introduction in 2002, euro coins have undergone several evolutions, primarily in design and security features. These changes reflect ongoing efforts to enhance the coins’ visual appeal, improve their security against counterfeiting, and adapt to the evolving needs of the Eurozone. The evolution of euro coins demonstrates a commitment to maintaining their integrity and relevance in the face of new challenges.
Design Evolutions
- Initial Design: The original common side designs, created by Luc Luycx, depicted the European Union before its enlargement on May 1, 2004.
- Updated Design: After the EU enlargement, the common side designs were updated to reflect the new geographical image of Europe as of January 1, 2007.
- Commemorative Coins: The introduction of commemorative two euro coins allowed member states to celebrate significant events and anniversaries, adding a new dimension to the euro coin landscape.
Security Feature Evolutions
- Advanced Materials: The use of bimetallic designs and specific alloy compositions has enhanced the security of euro coins, making them more difficult to counterfeit.
- Edge Markings: Specific edge markings on some denominations have been added to aid in identification and prevent counterfeiting.
- Micro-Printing: The incorporation of micro-printing on euro coins adds another layer of security, making it harder for counterfeiters to replicate the coins accurately.
Technological Advancements
- Coin Validation Equipment: Technological advancements in coin validation equipment have improved the ability to detect counterfeit coins and ensure the integrity of the euro coin system.
- Data Analysis: The use of data analysis techniques has enabled the European Central Bank (ECB) and national central banks to monitor the circulation of euro coins and identify potential counterfeiting hotspots.
Future Trends
- New Materials: Research into new materials and technologies for euro coin production could lead to further enhancements in security and durability.
- Digital Integration: Exploring the integration of digital technologies with euro coins could offer new possibilities for secure and efficient transactions.
Conclusion
Euro coins have evolved significantly since their introduction, reflecting ongoing efforts to enhance their design, security, and functionality. These evolutions demonstrate a commitment to maintaining the integrity and relevance of euro coins in the face of new challenges and opportunities.
14. What Are the Benefits of Using Euro Coins for Consumers and Businesses?
Using euro coins offers numerous benefits for both consumers and businesses within the Eurozone. For consumers, euro coins provide convenience, transparency, and ease of use, while for businesses, they reduce transaction costs, simplify accounting, and promote price stability. The advantages of euro coins contribute to a more efficient and integrated economy within the European Union.
Benefits for Consumers
| Benefit | Description |
|---|---|
| Convenience | Euro coins are widely accepted throughout the Eurozone, making it easy to make purchases in different countries without the need for currency exchange. |
| Transparency | Euro coins make it easier to compare prices across different countries, enabling consumers to make informed purchasing decisions. |
| Ease of Use | Euro coins are easy to handle and use in everyday transactions, providing a tangible form of currency that is readily accessible. |
| Price Stability | The euro helps maintain price stability within the Eurozone, reducing the risk of inflation and protecting consumers’ purchasing power. |
| Travel Convenience | Euro coins eliminate the need to exchange currency when traveling within the Eurozone, saving time and money. |
Benefits for Businesses
| Benefit | Description |
|---|---|
| Reduced Transaction Costs | Euro coins eliminate the fees and exchange rates associated with converting currencies, reducing transaction costs for businesses engaged in cross-border trade. |
| Simplified Accounting | Euro coins simplify accounting by providing a single currency for pricing, invoicing, and financial reporting, reducing the complexity of managing multiple currencies. |
| Price Stability | The euro helps maintain price stability within the Eurozone, creating a more predictable business environment and reducing the risk of exchange rate fluctuations. |
| Increased Trade | The euro promotes trade within the Eurozone by reducing transaction costs and simplifying cross-border transactions, leading to increased economic activity. |
| Market Integration | The euro fosters greater market integration within the Eurozone, creating a level playing field for businesses and promoting competition. |
Conclusion
Euro coins offer significant benefits for both consumers and businesses within the Eurozone. By providing convenience, transparency, and stability, euro coins contribute to a more efficient and integrated economy within the European Union.
15. What Measures Are in Place to Prevent Euro Coin Counterfeiting?
To prevent euro coin counterfeiting, a range of measures are implemented, including advanced design features, durable materials, and strict monitoring and enforcement efforts. These measures aim to make it difficult for counterfeiters to replicate euro coins accurately and ensure that any counterfeit coins are quickly detected and removed from circulation. The multi-faceted approach to preventing euro coin counterfeiting reflects a commitment to maintaining the integrity of the currency.
Design Features
| Feature | Description |
|---|---|
| Bimetallic Design | The €1 and €2 coins feature a bimetallic design, making them difficult to counterfeit due to the complexity of joining two different metals. |
| Edge Markings | Specific edge markings on some denominations provide an additional security feature that is difficult to replicate accurately. |
| Micro-Printing | Micro-printing on euro coins adds another layer of security, requiring specialized equipment to reproduce and making counterfeiting more challenging. |
| Distinctive Alloys | The use of unique alloys, such as Nordic gold, makes it harder for counterfeiters to find and use the correct materials. |
Durable Materials
| Material | Description |
|---|---|
| Copper-Plated Steel | The use of copper-plated steel for the 1, 2, and 5 cent coins provides a durable and cost-effective material that is difficult to replicate exactly. |
| Nordic Gold | The use of Nordic gold for the 10, 20, and 50 cent coins provides a distinctive color and composition that is hard to counterfeit. |
| Bimetallic | The combination of different metals in the €1 and €2 coins makes them more durable and resistant to wear, reducing the likelihood of damage and counterfeiting. |
Monitoring and Enforcement
| Measure | Description |
|---|---|
| Public Awareness | Ongoing campaigns to educate the public about euro coin security features and how to identify counterfeit coins. |
| Coin Validation Equipment | Advanced coin validation equipment used by businesses and financial institutions to detect counterfeit coins. |
| Law Enforcement | Cooperation between law enforcement agencies and the European Central Bank (ECB) to investigate and prosecute counterfeiters. |
| Data Analysis | The use of data analysis techniques to monitor the circulation of euro coins and identify potential counterfeiting hotspots. |
Conclusion
A range of measures are in place to prevent euro coin counterfeiting, including advanced design features, durable materials, and strict monitoring and enforcement efforts. These measures aim to maintain the integrity of euro coins and ensure that they remain a secure and trusted form of currency within the Eurozone.
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FAQ: Understanding Euro Coins
1. Are euro coins accepted in all European countries?
Euro coins are accepted in the 19 countries that make up the Eurozone. These countries have adopted the euro as their official currency.
2. Can I use euro coins in countries that are not part of the Eurozone?
No, euro coins are not legal tender in countries that are not part of the Eurozone. These countries have their own currencies.
3. What should I do if I suspect I have a counterfeit euro coin?
If you suspect you have a counterfeit euro coin, you should report it to your local law enforcement agency or central bank.
4. Are there any plans to introduce new denominations of euro coins?
Currently, there are no plans to introduce new denominations of euro coins.
5. How often are the designs of euro coins updated?
The common sides of euro coins are updated periodically to reflect changes in the European Union. The national sides can be updated by individual countries, but this is not done frequently.
6. What is the lifespan of a euro coin?
Euro coins are designed to be durable and have a long lifespan. However, their lifespan can vary depending on usage and handling.
7. Can euro coins be melted down for their metal content?
Melting down euro coins is illegal in most Eurozone countries. The metal content of euro coins is relatively low, making it unprofitable to melt them down.
8. How do businesses handle large quantities of euro coins?
Businesses typically deposit large quantities of euro coins at their bank. Banks have coin-counting machines that can quickly and accurately count large amounts of coins.
9. Are there any restrictions on taking euro coins across borders?
There are restrictions on taking large quantities of euro coins across borders. These restrictions vary by country, so it’s important to check the regulations before traveling.
10. How do visually impaired people identify euro coins?
Visually impaired people can identify euro coins by their size, shape, and edge markings. Some euro coins also have tactile features to aid in identification.
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![Picture of a 1 euro coin’s common side]
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