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Finnish 1 & 2 Euro-Cent coins.


Sir Sisu

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This is the first posting in this section of the Euro coins from Finland.What is the story regarding the 1 & 2 Euro-Cent coins,which have been struck since 1999? Are they still being issued,or have they been withdrawn from circulation?

 

Aidan.

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This is the first posting in this section of the Euro coins from Finland.What is the story regarding the 1 & 2 Euro-Cent coins,which have been struck since 1999? Are they still being issued,or have they been withdrawn from circulation?

 

Aidan.

 

 

The 1 & 2 cent coins (of any Euro nation) have never circulated in Finland. All cash sales are rounded to the nearest €0.05 at the time of total. Electronic payment methods, however, are not rounded, as the 1 & 2 cent fractional coins are not neccessary.

 

Up until this point the 1 & 2 cent denominations have been minted by the Mint of Finland primarily for the purpose of collector demand. These coins could theoretically circulate in the other Euro nations, but is unlikely as the premium to purchase these coins are higher than the face value.

 

The Mint of Finland's press release "Mint of Finland ended the sale of Finnish circulation coins" has raised questions as to whether the 1 & 2 cent denomination will continue to be minted. However, nowhere does it explicitly state that these coins will cease to be minted. The press release only states that the Mint will no longer sell coins directly.

 

I have sent a query to the Mint for further clarification, and will post the reply here.

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I have sent a query to the Mint for further clarification, and will post the reply here.

 

I received a reply from the Mint's communications department today (fast response! :ninja: ). It confirmed what I mentioned above. The Mint's production is contingent on what the Bank of Finland orders. And thus far I have yet to hear anything to suggest that the 1 & 2 cent coins will be discontinued at this point.

 

On the contrary I have seen some sellers here offering rolls of 2005 1 & 2 cent coins. The irony is that these part-time dealers who work the flea markets here have ordered them from Germany! And while the asking price per roll for the higher mintage 2003-2004 is around €5 per roll, this year's rolls are starting at €10 per roll.

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