 | This article needs to be updated. (December 2012) |
Republic of Finland (in Finnish) Suomen tasavalta (in Swedish) Republiken Finland | |
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Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone, mainly in gold and silver, although other precious metals are also used in rare occasions. Finland was one of the first twelve countries in the Eurozone that introduced the euro (€) on 1 January 2002. Since then, the Mint of Finland Ltd. have been minting both normal issues of Finnish euro coins, which are intended for circulation, and commemorative euro coins in gold and silver.
These special coins have a legal tender only in Finland, unlike the normal issues of the Finnish euro coins, which have a legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be used as money in other countries. Furthermore, as their bullion value[1] generally vastly exceeds their face value, these coins are not intended to be used as means of payment at all—although it remains possible. For this reason, they are usually named Collectors' coins.
The coins usually commemorate the anniversaries of historical events or draw attention to current events of special importance. Finland mints four of these coins on average per year, in both gold and silver, with face value ranging from 5 to 100 euros.
- ^ Precious metals in bulk form are known as bullion, and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money.