Delta Posted January 5, 2008 Report Share Posted January 5, 2008 I remember hearing that one of the soon-to-be Eurozone countries issued a special coin which had a denomination something like 0.79378732 (made that up ) which was exactly one Euro by fixed exchange rate. Now I cant remember which it was. Does anyone know of this coin? I think it would be a really interesting one to acquire. Link to comment Share on other sites More sharing options...
Brett Posted January 6, 2008 Report Share Posted January 6, 2008 Hi Delta, this might be the coin you are talking about On January 1 2007 Bulgarian National Bank will release a commemorative coin to celebrate the country’s EU entry. The BNB sign and the year 1879 would be represented gild on the head of the coin. A gild antique Bulgarian book, a column from the old capital of Preslav, 12 stars and the sign “Bulgaria in the EU” in Bulgarian will be represented on the tail of the coin. The commemorative coin’s face value will be 1.95583 leva, which is the fixed exchange rate between Bulgarian lev and the euro. The price of the coin will be 40 leva, VAT not included. Link to comment Share on other sites More sharing options...
Delta Posted January 6, 2008 Author Report Share Posted January 6, 2008 Hi Delta, this might be the coin you are talking about Yep, I think that was it! Thanks.. now I just need to find one! Link to comment Share on other sites More sharing options...
tabbs Posted January 7, 2008 Report Share Posted January 7, 2008 Bulgaria issued such a coin in 2005 (when the country was an "EU candidate") and one in 2007 (when it joined the European Union). On either occasion the mint made a 50 stotinki circulating commem, and a 1.95583 leva collector coin. These are the 50 stotinki pieces: (2005) http://www.bnb.bg/bnb/notes_coins.nsf/vNot...Document&EN (2007) http://www.bnb.bg/bnb/notes_coins.nsf/vNot...Document&EN I have not seen an image of the 2007 silver piece yet, but this http://img504.imageshack.us/img504/2014/bgn195583pq1.jpg is the 2005 "sort-of-one-euro" coin: By the way, France did the same thing in 1999-2001 (during the three years when the euro was our currency but the cash was still francs, marks, pesetas, etc.). The Monnaie de Paris issued "6.55957 francs" silver coins, and gold coins 10 and 100 times that value. Like the Bulgarian precious metal issues, those could not be had at face value ... Christian Link to comment Share on other sites More sharing options...
tabbs Posted January 7, 2008 Report Share Posted January 7, 2008 Here is an image of last year's "1.95583" coin: http://www.numismatico.de/files/bu-1euro2_119.jpg http://www.numismatico.de/files/bu-1euro1_479.jpg And here is a French "6.55957" piece: http://i19.ebayimg.com/04/i/000/c0/da/79e0_1.JPG http://i4.ebayimg.com/07/i/000/c0/da/7c6f_1.JPG Christian Link to comment Share on other sites More sharing options...
Delta Posted January 7, 2008 Author Report Share Posted January 7, 2008 Ahh, I didn't know about France issuing such a coin also. It's a really cleaver idea When UK enters the EMUII I hope the UK issues one of these Link to comment Share on other sites More sharing options...
Brett Posted January 7, 2008 Report Share Posted January 7, 2008 Is England suppose to enter the EU??? Link to comment Share on other sites More sharing options...
YeOldeCollector Posted January 7, 2008 Report Share Posted January 7, 2008 The UK is already part of the EU... Link to comment Share on other sites More sharing options...
Delta Posted January 8, 2008 Author Report Share Posted January 8, 2008 Is England suppose to enter the EU??? The United Kingdom *ahem* is already part of the EU, however we currently do not take part in the Economic and Monetary Union (EMU). Stage 2 of the EMU is when a national currency is fixed to all the others (the "Euro"). Stage 3 is when the Euro finally replaces the national currency in day to day use. Link to comment Share on other sites More sharing options...
tabbs Posted January 8, 2008 Report Share Posted January 8, 2008 The United Kingdom *ahem* is already part of the EU, however we currently do not take part in the Economic and Monetary Union (EMU). Stage 2 of the EMU is when a national currency is fixed to all the others (the "Euro"). Stage 3 is when the Euro finally replaces the national currency in day to day use. Those terms and abbreviations are sometimes confusing, maybe that is why Brett asked. We already have stage 3 of the EMU; an EU member state that plans to introduce the euro would first have to join ERM-II (the Exchange Rate Mechanism). The currency in question - talking about the pound sterling here would be extremely hypothetical - would then have a fixed rate indeed, but with a default fluctuation band of +/- 15 percent. Lower fluctuation bands are possible; the Danish krone uses only 2.25 percent. By the way, the "1,95583" on the Bulgarian coin will be something familiar for quite a few here in Germany - the lev used to be pegged to the German mark, and €1 = 1.95583 DM. Since mid-1999 the New Lev has (again unilaterally) been pegged to the euro, so they "inherited" that rate. Side note - Ironically, the only British territories in the world that actually use the euro are not parts of the European Union. Can you guess what I mean? Christian Link to comment Share on other sites More sharing options...
Brett Posted January 8, 2008 Report Share Posted January 8, 2008 I thought you meant that England was going to start to use the euro Link to comment Share on other sites More sharing options...
Delta Posted January 8, 2008 Author Report Share Posted January 8, 2008 Sorry yeah, I have got my terms mixed up too I thought you meant that England was going to start to use the euro (Pssst! You're saying England when you should be saying United Kingdom. England != United Kingdom. You can't interchange English and British. England is only a part of the United Kingdom. Just a heads up ) Link to comment Share on other sites More sharing options...
YeOldeCollector Posted January 8, 2008 Report Share Posted January 8, 2008 England = England. Britain = England, Scotland, and Wales. United Kingdom = England, Scotland, Wales, Northern Ireland. Link to comment Share on other sites More sharing options...
Brett Posted January 8, 2008 Report Share Posted January 8, 2008 Trust me, I know there is a difference between England and Wales!!! Just ask anyone from either place. Link to comment Share on other sites More sharing options...
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