Small-denomination Coins
The 1-, 2-, and 5-cent coins account for approximately 80% of all new coins minted in the eurozone. Due to the expense of producing such low value coinage, the Commission with some member states have proposed that costs could be cut by having a common design on both sides of these coins, rather than minting numerous different designs. 100 Cents is equal to 1 Euro.
The euro 1 and 2 coins are two-toned. The "gold" is an alloy, 75% copper, 20% zinc and 5% nickel. The "silver" is cupronickel, 75% copper, 25% nickel. The 10, 20 and 50-cent coins are a proprietary alloy known as "Nordic gold", consisting of 89% copper, 5% aluminium, 5% zinc and 1% tin. The 1, 2 and 5-cent coins are copper-coated steel fourrées. The copper alloys make the coinage antimicrobial.
Read more about this topic: Euro Coins
Famous quotes containing the word coins:
“A war undertaken without sufficient monies has but a wisp of force. Coins are the very sinews of battles.”
—François Rabelais (1494–1553)