1 Euro Cent

Euro Member Countries, Euro

Our currency rankings show that the most popular Euro exchange rate is the USD to EUR rate. The currency code for Euros is EUR, and the currency symbol is €. Below, you'll find Euro rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take EUR rates on the go with our XE Currency Apps and website. More info

ObverseAn advanced model of an Athenian boat, a trireme, the largest warship afloat for more than 200 years, dating from the time of the Athenian democracy (. 1 EURO CENT ANDORRA 2017 Coin value - $1. Austria 1 euro cent 2005 copper plated steel 1 EURO CENT EIN EURO CENT 2005 Coin value - 1 euro cent 2001 copper plated steel 1 EURO CENTS A II / 2001 Coin value - 1. Belgium 1 euro cent 2013 copper plated steel 1 EURO CENTS A II / 2013 Coin value - 1. Cyprus 1 euro cent 2009. 1 EUR = 1.20 USD at the rate on 2021-02-03. The page provides data about today's value of one euro in United States Dollars. The interactive form of the currency calculator ensures navigation in the actual quotations of world currencies according to “Open Exchange Rates” and displays the information in a graph. German officials and experts in numismatics chose three different designs for their euro coins. 1, 2 and 5-cent coins: the oak twig, reminiscent of that found on the former German pfennig coins, provides the motif for these coins. It was designed by Professor Rolf Lederbogen.

Top EUR Exchange Rates

Currency Facts

Name: Euro

Symbol:cent: cent

Minor Unit:
1/100 = cent

Central Bank Rate: 0.00

Top EUR Conversion:
USD/EUR

Top EUR Chart:
USD/EUR Chart

Inflation: 1.50%

Nicknames:Ege (Finnish), Pavo (Spanish), Yoyo (Irish English), Teuro (German)

Coins:
Freq Used: €1, €2, 5cent, 10cent, 20cent, 50cent
Rarely Used: 1cent, 2cent

Banknotes:
Freq Used: €5, €10, €20, €50, €100
Rarely Used: €200, €500

Central Bank:
European Central Bank
Website: http://www.ecb.eu

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Euro History

The central bank in Europe is called the European Central Bank (ECB). Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency. Other common names for the Euro include Yoyo (Irish English), Leru (Spanish), and Ege (Finnish).

Introduction of the Euro
On January 1, 1999, the Euro (EUR) was introduced as an account currency, replacing the European Currency Unit at par. The European Currency Unit was a theoretical basket of currencies rather than a physical currency in and of itself. Initially, eleven of the countries in the European Economic and Monetary Union replaced their own currencies with the Euro: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Greece followed suit in 2001, Slovenia in 2007, Malta and Cyprus in 2008, Slovakia in 2009 and Latvia in 2014.

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Use of the Euro outside the EU
A number of sovereign states that are not part of the European Union have since adopted the Euro, including the Principality of Andorra, the Principality of Monaco, the Republic of San Marino, and the Vatican City. The Euro is also used in many territories, departments, and sovereign states of Euro-zone countries, such as the Azores, Balearic Islands, the Canary Islands, Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Mayotte, Reunion, Saint-Martin, Saint Pierre and Miquelon, to name just a few. The Euro is used as a trading currency in Cuba, North Korea, and Syria and several currencies are pegged to it.
CurrencyPeg Rate
Bosnia and Herzegovina Convertible Mark1.95583
Bulgarian Lev1.95583
Cape Verdean Escudo110.265
Central African CFA Franc BEAC655.957
CFA Franc655.957
CFP Franc119.3317
Comoran Franc491.9678
Lithuanian Litas3.45280
Value of Obsolete National Currencies
Euro bank notes and coins began circulating in 2002 with old notes and coins gradually being withdrawn from circulation. The precise dates that each old currency ceased being legal tender and their official fixed rates are shown in the table below.
Legacy(Old) CurrencyConversion from EURObsolete
ATS Austria, Schilling1 EUR = 13.7603 ATS28-Feb-2002
BEF Belgium, Franc1 EUR = 40.3399 BEF28-Feb-2002
CYP Cyprus, Pound1 EUR = 0.58527 CYP31-Jan-2008
DEM Germany, Deutsche Mark1 EUR = 1.95583 DEM28-Feb-2002
EEK Estonia, Kroon1 EUR = 15.6466 EEK15-Jan-2011
ESP Spain, Peseta1 EUR = 166.386 ESP28-Feb-2002
FIM Finland, Markka1 EUR = 5.94573 FIM31-Jan-2008
FRF France, Franc1 EUR = 6.55957 FRF17-Feb-2002
GRD Greece, Drachma1 EUR = 340.750 GRD28-Feb-2002
IEP Ireland, Pound1 EUR = 0.78756 IEP9-Feb-2002
ITL Italy, Lira1 EUR = 1936.27 ITL28-Feb-2002
LTL Lithuania, Litas1 EUR = 3.45280 LTL15-Jan-2015
LUF Luxembourg, Franc1 EUR = 40.3399 LUF28-Feb-2002
LVL Latvia, Lats1 EUR = 0.70280 LVL15-Jan-2014
MTL Malta, Lira1 EUR = 0.42930 MTL31-Jan-2008
NLG Netherlands, Guilder (Florin)1 EUR = 2.20371 NLG28-Jan-2008
PTE Portugal, Escudo1 EUR = 200.482 PTE28-Feb-2002
SIT Slovenia, Tolar1 EUR = 239.640 SIT14-Jan-2007
SKK Slovakia, Koruna1 EUR = 30.1260 SKK17-Jan-2009

The XE Currency Converter supports the above obsolete currencies; to make a conversion, type the name of the currency in the search box. Some old currencies are still physically convertible at special locations. For details, refer to the official ECB site listed in the Relevant Links section below.

Spelling and Capitalization
The official spelling of the EUR currency unit is 'euro', with a lower case 'e'; however, the common industry practice is to spell it 'Euro', with a capital 'E'. Many languages have different official spellings for the Euro, which also may or may not coincide with general use. Additionally, there are various nicknames for the currency including, Ege (Finnish), Pavo (Spanish), and Euráče (Slovak).

Relevant Links
For more information on the EUR, we encourage you to visit the links below, particularly the European Central Bank. These sites include recent news on the Euro as well as issues like implementation, spelling, legislation, and more.

Last week we brought you the five steps to value a coin. This week we will get deeper in on e of the steps of that valuation process. Precisely we bring you some examples on how the existence of a variation or and error can make a regular coin into a extremely desired object by some collectors.

We have to pay more attention to the coins that go through our hands, we might be wasting a great opportunity and the coin we are using to pay for our coffee should end up in a coin sale for a prices 50 times its facial value.

Variants

We already told you this week that variants are small changes on the original design of a coin or on the material with which they are made of. This changes are, sometimes, almost imperceptible, so most of the people don’t even notice them. But for the eye of an expert collector they mean the difference between junk and a really good investment.

In the post dedicated to the Standard World Coin Catalog we talked about the assignment of a KM (unique id) for each type of coin. In that catalog variants are also classified, although instead of having a new KM, the variants are identified by adding a new letter or number to the original KM. I.e. in the case of the 2.5 Euro Portuguese coins, the letter is used to distinguish between the silver or gold minted version instead of the regular mint in copper-nickel.

2.50 Euro (70 years of peace in Europe)
Available: 4
From: 3.50 €
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2.50 Euro (40th Anniv. of The Provedor da Justica)
Sell this coin

Errors

There are collectors that do not value error coins at all and they actually try to get rid of them as soon as possible, truth is that the interest in coins with errors is increasing. It’s a very interesting type of collecting specially for those collecting current coins, since some of the coins for his collection can suddenly be found among the circulating coins. Making the art of coins collection a continuous activity.

There are a lot of errors that can be produced during the process of minting a coin, although, as we already said the ones that are more valued are those that do not affect the integrity of the coin. In these cases, the mintage of the coin has being properly completed. It is not a mint process fault (broken die, dirty, lack of material, etc.) but it is a design that contains unique details. Mostly this is due to human errors.

Here you have some of the most common errors during the minting process of the two coin Euro commemorative coins.

2 Euro Commemorative Coin 10 Anniversary Of The Economic Monetary Union - Big Stars.

It is a coin dedicated to the 10th Anniversary of the Economic Monetary Union by the Spanish mint FNMT during last 2009. There are no official data regarding the minting error as well as in the number of minted coins, estimated between 75.000 and 100.000

The minting error is in the coin with the big stars and it originated through the Pantograph, precisely when changing the scale from the epoxy model to the die. Basically the error consists in an expansion of the little star surrounding the coin, minting the coin in a scale of 1:1.27 approximately.

According to the operator in charge of the minting, the coin with big stars was created the firs day. The error was fixed lately and the mintage continued until the 8.000.000 final coins. The coins containing errors were mixed among the correct rolls. This is the reason why we don’t know the exact number of erroneous coins, which contributed to an increase on the market price.

Two Euro Coin From Germany, 2008 - Old Map

From 2007 and due to the incorporations of different countries to the Euro, the map on the obverse of the coins was changed, and the map with the countries of the European union before its expansion, with 15 countries changes to 25, representing all the European union members up to 2004. This way the new countries in the common coin will also be represented in the map.

But in the commemorative two Euro coins for the rotating presidency of the bundesrat: Free and hanseatic city of Hamburg, minted in 2008, the old map was used (smaller than the new design and containing frontiers) even though they should have used the new one already (pointed and without frontiers).

2 Euro (Hamburg/Michael Church)
Available: 35
From: 3.00 €
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This error only appears on the coins minted in the mint of Sttutgard (identified by the letter F). It is estimated that after they took some of them of the market, from a total of 50.000 coins there might be around 25.000 coins circulating.

The 1 Cent Face Value Coin That Costs 6.600 Euro

As a very flashy case we bring you the case of this Italian coin of 1 Euro cent sold for more than 6.600 Euro. A revaluation that not even the noble metal minted coin get.

On the 9th of January of 2002, when the euro just had got to Europe, in the press this new showed up:

The Rome District’s attorney has open an investigation after the appearance of ‘fault cent euro coins’, and they might have been introduced voluntarily in the ‘Euro Starter Kits’ by a worker of the Italian National Coin Institute.
The defective coins are the same diameter of the two cents coin and they have the same drawing, but they have written a face value of one cent. A dozen of these coins have already been found, specially in the north of Italy.

Error:

2 Euro Cent (Turin - Mole Antonelliana Tower)
Available: 8
From: 19.99 €
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1 Euro Cent (Bari - The Castel del Monte)
Available: 8
From: 1.50 €
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An undetermined number of coins was taken away by the authorities, before they could circulate, however it is speculated that a few hundreds can still be part of some fortunates collections.

Six of these coins where bought by the Italian collection company Bolaffi, although they had problem with this investment, and the “Guardia di Finanza” confiscated them claiming that the coins are actually property of the Italian mint.

Only after 11 years of dispute, a court from Rome admitted the right of the company to posses and sell these coins. Finally when they went on auction their price raised up to 6.600 Euro.

1 Euro Cent In Indian Rupees

Special Mints

If we did not where lucky with the coin in our hands and this coin is not a variant or has no error at all, we can’t still throw in the towel. It might still be a special edition and thanks to that it might have a higher value.

There are only 20.001 coins, price right now is approx 1500 €:

2 Euro (Princess Grace)
Available: 1
From: 30.00 €
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In some of the coin catalogs, i.e. in the Standard World Coin Catalog that we commented a few weeks ago, it is included information regarding the mint volume each year. In general the coin houses carry on big mints of the regular circulating coins, although there are some years that due to problems in manufacture, political decisions, economics or administrative make a lower mint that year. For the collectors focused in coins per year, this years mints are usually very valued.

Low mintage in 2002:

2 Euro (First Map Design)
Available: 72
From: 2.50 €
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1 Euro Cent To Dollars

Low mintage in 2005 and 2006:

1 Euro Cent

2 Euro (First Map Design)
Available: 216
From: 2.50 €
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Low mintage in 2006:

50 Euro Cent
Available: 13
From: 1.00 €
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This reduced mints are also frequent in the case of commemorative coins or special ones or in those countries where they are not the ones minting their circulating coins, like San Marino, Monaco, or Vatican City. In them, due to the low number of annual mints the coins don’t even get out to circulate but they are just bought as collection editions.

1 Euro Cent In Rupees

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