Below are three Irish commemorative coins, produced by the Central Bank of Ireland which are currently to be found in exonumia with junk produced by private entities.
These are significant items in Irish coin collecting, especially the gold 50 ECU, which sells at above its bullion value. In my opinion, they should be in the Irish coins section as non-circulating coins, and not in exonumia.
What does the community think? Opinion and votes please :)
I know it's a complicated topic, but I totally agree with moving all "officially" issued coins (by a state mint) from ECU and pre-Euro to the coins section of the catalog.
For example, this coin from Spain: value 5 ECU, issued by the FNMT:
Official state coin (minted by state mint) and official currency (ECU, ISO code 4217 or Euro, same ISO code 4217 for coins pre 1999) = Main coin catalog (non circulating coins)
I feel the friction here comes from too deep division between Exonumia and Coin/Banknote sections.
I think its nice all ECU stay gathered together; FYI we are working on a project about revamping Numista menus in order to easily navigate all items per country, whatever their “status”, because we have this regular issue about users frustrated that some item categories are sorted under exonumia
I feel that one of the criteria for an item to be in the coin catalog should be that it is, or should be (or at one point in history has been or should have been), accepted as legal tender. I can't imagine that you were ever able to pay for a loaf of bread with ECU.
I feel that one of the criteria for an item to be in the coin catalog should be that it is, or should be (or at one point in history has been or should have been), accepted as legal tender. I can't imagine that you were ever able to pay for a loaf of bread with ECU.
I agree. ECU should stay in Exonumia in my opinion.
Master Referee - See my profile for what I collect.
I feel that one of the criteria for an item to be in the coin catalog should be that it is, or should be (or at one point in history has been or should have been), accepted as legal tender. I can't imagine that you were ever able to pay for a loaf of bread with ECU.
I also imagine one cannot spend this coin at a grocery store but we allow it in the coin catalog. If a coin is redeemable for currency by banks in the country or the government itself, it should be in the coin catalog. If not, then exonumia.
Master Coin Referee
Coin referee for CRI, GTM, HND, NIC, PAN, and SLV.
Revisor principal de monedas
Revisor de Numista para monedas de CRI, GTM, HND, NIC, PAN y SLV.
I also imagine one cannot spend this coin at a grocery store but we allow it in the coin catalog. If a coin is redeemable for currency by banks in the country or the government itself, it should be in the coin catalog. If not, then exonumia.
That coin can legally be spent in a shop though. It is legal tender issued on the authority of the Australian Government.
I agree that it is a weird coin and I'm sure that you would get resistance if you did try to spend it in a shop. Also only a fool would try to do that as the silver value of the coin far outweighs the face value of it.
If you took it to a bank and banked it it would be accepted at face value.
Could you do all the above with an ECU coin?
Mike
Master Referee - See my profile for what I collect.
That coin can legally be spent in a shop though. It is legal tender issued on the authority of the Australian Government.
I agree that it is a weird coin and I'm sure that you would get resistance if you did try to spend it in a shop. Also only a fool would try to do that as the silver value of the coin far outweighs the face value of it.
If you took it to a bank and banked it it would be accepted at face value.
Could you do all the above with an ECU coin?
Mike
You could with some. I remember that Belgian ECUs were redeemable for Belgian Francs. Also, Gibraltar ECU coinage is currently listed in the coin catalog because they are redeemable.
Whether ECU and Pre-1999 Euro coinage is listed under coins or exonumia is really a case-by-case issue.
Master Coin Referee
Coin referee for CRI, GTM, HND, NIC, PAN, and SLV.
Revisor principal de monedas
Revisor de Numista para monedas de CRI, GTM, HND, NIC, PAN y SLV.
Regarding the Irish coins, given that 1ECU = 1 Euro, I find it hard to imagine anyone refusing to accept a gold coin with a bullion value of around 800 Euro in exchange for goods or services to the value of its face value of 50 Euro (=50 Ecu).
I consider that ECU coins produced by government institutions such as Central Banks ought to not be listed in exonumia.
Below are three Irish commemorative coins, produced by the Central Bank of Ireland which are currently to be found in exonumia with junk produced by private entities.
These are significant items in Irish coin collecting, especially the gold 50 ECU, which sells at above its bullion value. In my opinion, they should be in the Irish coins section as non-circulating coins, and not in exonumia.
What does the community think? Opinion and votes please :)
“As the ECU was only an electronic unit of account and not a full currency, it did not have any official coins or notes that could be used for everyday transactions. However, various European countries and organizations like the European Parliament made commemorative and mock-up coins and notes. A common theme on the coins was usually celebrating European unity, such as celebrating membership of the European Union.
Gibraltar issued commemorative coins from 1993 through 1996, though these were (nominally) legal tender only in Gibraltar, which uses the pound sterling”
ECUs were generally not accepted, but several countries issued their own laws and made them legal tender within their own borders - like Gibraltar, and assigned them face value in the currency they had at the time. If that happened in Ireland, then yes, they should be moved, if not, they should stay.
ECUs were generally not accepted, but several countries issued their own laws and made them legal tender within their own borders - like Gibraltar, and assigned them face value in the currency they had at the time. If that happened in Ireland, then yes, they should be moved, if not, they should stay.
That did not happen in Ireland – they were collector bullion coins only.
I guess they stay where they are.
Status changed to Rejected(Compendium, 20 Oct 2023, 16:46)
