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Vatican euro coins are issued by the Philatelic and Numismatic Office of the Vatican City State and minted by Istituto Poligrafico e Zecca dello Stato (IPZS), in Rome, Italy. The euro is the official currency of the Vatican City , although Vatican City is not a member of the Eurozone or the European Union .
Since 2002 it has had a special agreement with the EU that allows this microstate to mint a limited number of euro coins. This article is specifically about the euro gold and silver (or other precious metals) commemorative coins of the Vatican City and does not cover the pre-euro commemorative coins. [1] [2] [3] [4]
While Vatican stamps may only be used within the Vatican City State and the quantity of euro coins is limited by treaty with Italy (the total value of all coins minted in 2002 was restricted to €310,400), [2] Vatican coins and stamps serve as an important sign of Vatican sovereignty, and their scarcity and design makes them popular with ...
According to Numista, “The Portuguese Mint struck 107,000 One Euro coins in 2008 with the incorrect reverse. The Old Map was used instead of the New Map. Some of them were recovered and it is ...
The Vatican coins were minted in Rome and were also legal tender in Italy and San Marino. In 2002, the Vatican City switched to the euro at an exchange rate of 1 euro = 1,936.27 Lire. It has its own set of euro coins .
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The euro came into existence on 1 January 1999. [2] It had been a goal of the European Union (EU) and its predecessors since the 1960s. [2] The Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU states except the United Kingdom and Denmark (even though Denmark has a fixed exchange rate policy with the euro).
The 20 euro cent coin (€0.20) has a value of one-fifth of a euro and is composed of an alloy called Nordic Gold in the Spanish flower shape. All euro coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007.