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Euro Coins as Collector Commodity.

Europe Intelligence Wire

| July 17, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Business and Finance)

Page 5

Economists love the euro because it has the same value across Western Europe. Coin dealers love the euro because it doesn't.

By Otto Pohl.

Twelve nations, plus the small states of San Marino, Monaco and the Vatican, have issued their own versions of the euro - they are all legal tender throughout the eurozone. While the bills look the same, the reverse sides of the coins are different in each country. And the number of coins minted in each country roughly reflects the size of its economy, so the coins of smaller countries are considered more valuable by dealers because of their relative scarcity. …

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