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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 .
The lira (plural lire; abbreviation: VAL) was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an issue of the Italian lira; the Banca d'Italia produced coins specifically for Vatican City.
Collectors especially appreciate small-circulation annual sets of coins, as well as officially unreleased coins from 1938. Public interest in Vatican currency and stamps was considered sufficient to justify a Philatelic and Numismatic Museum (Il Museo Filatelico e Numismatico) which has been opened as part of the Vatican Museums in 2007. [3]
The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (the lira was officially a national subunit of the euro until the rollout of euro coins and notes in 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate was Lit 1,936.27 to the euro. [13]
With the unification of Italy and the altered status of Rome, the Italian government took over the operation of the Papal mint in September 1870.The mint was used to make Italian coins, and due to the presence of Italian soldiers guarding the mint, a tunnel was constructed beneath the Apostolic Palace to ensure private access to the Vatican gardens.
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around. Check out the slideshow above to discover if any of the coins you've collected could rake in ...