Help with Estimating the Value of a 2 Euro Coin (2022)

Worth 1 Euro assuming you can get somebody to accept this mangled 2002 coin.

 I was just reading that coins with defects have some value. That's why it was interesting to find out. Thank you very much for the comment.)))

karina ud.

 I was just reading that coins with defects have some value. That's why it was interesting to find out. Thank you very much for the comment.)))

 

Coins with errors created by the mint are a part of numismatics and widely collected. Coins damaged after the coin is produced are just damaged coins and are worth less (from a numismatic view) than an undamaged coin.

A simple rule-of-thumb – the mint needs to mess up to produce an error coin. You need to be able to point to how a mint machine or mint worker did something wrong. For the coin you pictured there's no reasonable mechanism for a machine to strike thousands of correct coins and then produce something that looks like that on the next strike.

There are several descriptions of types of coin errors on the web, here's one from Wikipedia: https://en.wikipedia.org/wiki/Mint-made_errors

Here's a forum thread on Numista showing some error coins (and some non-error coins with comments on why they aren't errors): https://en.numista.com/forum/topic28647-4.html

The fact that the stars have moved to the other side of the coin and the letter "O" at the end has also shifted to the other side of the coin doesn’t matter at all.?

What we can say for certain is that none of this Post Mint Damage (PMD) happened at the mint. How exactly all this PMD came to be is impossible to know for certain. I suspect some of this PMD was due to somebody making a poor attempt to mount it in a bezel as a jewery piece at one time causing the defects around the edges. This example only got worse over time for whatever reason. Still worth 1 Euro but probably not in a vending machine.

Hi Karina ud,

Welcome to numista, I see you have just recently joined - I assume just to ask / find information on the value of this coin.

First let me explain that sometimes coin collectors can be somewhat sarcastic (and quite rightly so), because this forum is full of people expecting to find out that they can make a quick buck from trying to get confirmation of the junk they have produced or found. As if somehow one other person’s option will enable and bring providence to the original persons dreams of riches. If this is not you, and you have a genuine newly found interest in coins, start adding your coins, learning new things and expand your knowledge on the subject that is numismatics.

On the subject of expanding your knowledge, the following will explain your coin;

  - the reason one person replied it is worth €1, is because despite you writing “value of 2 euro coin“ in the question, it is in fact a €1 coin.

  - the reason for the damage on the coin is, as previously explained, not an error  - because some idiot has used pliers, a clamp, a hammer, etc to pop the centre part of the coin out of the outer ring, turned it around and forced it back into the outer ring! 
  - All in the hope of turning lead into gold, a €1 coin into a €2 coin or a normal coin into an error coin! I hope you weren’t the idiot who did this?

  - if you are in a eurozone country, you could try using it to buy something in a shop (a machine will reject it), there is a chance the cashier might reject it also, but as a business they will regularly visit the bank, and the bank should except it because it clearly was once a €1 coin, and thus it’s value is still recognised.

  - banks return damaged coins and notes for disposal, hence why every year new coins are minted for circulation.