Actual circulation or not?

Обсуждение Нидерланды • 1 Euro Cent - Willem-Alexander

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The Netherlands stopped using 1-eurocent and 2-eurocent coins in 2004, well before the ascension of Willem-Alexander in 2014.

 

Yet, both 1 Euro Cent - Willem-Alexander and 2 Euro Cents - Willem-Alexander are marked as circulating coins. While these are technically legal tender, they were neither minted nor intended for circulation, and national news outlets also reported such.

 

Quote from an article of the Volkskrant, a highly-respected newspaper:

Bijzonder is dat de munten van 1 en 2 cent alleen verkrijgbaar zijn in sets, en nooit in circulatie zullen komen.

 

Translation:

Interestingly, the 1- and 2-cent coins are only available in sets and will never enter circulation.

 

(Archive link to access article: https://archive.is/U2plO)

 

I'm asking on the forum, because I'd like some opinions before requesting a modification:

Should the aforentioned coins of Willem-Alexander not be marked as non-circulating?

There are ca. 1.5 million not listed in sets what is with those?

The mintages are unusually high for non-circulating coins because they were sold in sets of rolls until 2016. Several of the Beatrix second map types on the higher denominations should also be considered non-circulating.

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“

Legal tender doesn't necessarily mean issued for circulation, though. If a type is only issued in sets, Numista considers it a non-circulating coin.

 

N#182978
N#11055

King

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

You cannot spend 1- and 2-eurocent coins in shops in the Netherlands. That something is legal currency, does not mean that shops are required to accept it. Otherwise, card-only shops could never exist. (I may sincerely dislike card-only, but it does prove a point here.).

In 99% of cases, Dutch shops don't accept 1- and 2-eurocent coins. The only reason that I don't say 100%, is because there might be one or two shops near the Dutch-German border, which don't want to deal with German tourists complaining about said coins not being accepted.

 

That's not a personal slight; it's a well-known fact within NL.

 

Secondly, standard denomination non-circulating Euro coins aren't uncommon. Consider the newer French 1 Euro coin, which Numista (correctly) marks as non-circulating, as this coin was also not minted for general circulation.

TheGame

The mintages are unusually high for non-circulating coins because they were sold in sets of rolls until 2016. Several of the Beatrix second map types on the higher denominations should also be considered non-circulating.

This, to a T.

Also consider that the modern Geldmaat machines for coin deposits/withdrawal don't even let users buy rolls of 1- and/or 2-eurocent coins most of the time.

DiaH20

King

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

You cannot spend 1- and 2-eurocent coins in shops in the Netherlands. That something is legal currency, does not mean that shops are required to accept it. Otherwise, card-only shops could never exist. (I may sincerely dislike card-only, but it does prove a point here.).

In 99% of cases, Dutch shops don't accept 1- and 2-eurocent coins. The only reason that I don't say 100%, is because there might be one or two shops near the Dutch-German border, which don't want to deal with German tourists complaining about said coins not being accepted.

 

That's not a personal slight; it's a well-known fact within NL.

 

Secondly, standard denomination non-circulating Euro coins aren't uncommon. Consider the newer French 1 Euro coin, which Numista (correctly) marks as non-circulating, as this coin was also not minted for general circulation.

Yes, but we are talking about the type of the 1c coin you linked? The first 4 years saw ½ million to 100.000 minted, these were minted as Standard Circulation Coins, after 2016 they were only minted for sets (we all understand that sets are non circulating), and thus those coins with years only minted for sets can be classed in type as non-circulating. 
 

But the coin you are talking about has 4 years of standard circulation mintage. Even the lower number of 100.000 isn‘t for sets, you say it was for rolls, which are for shops and businesses.  So the coin stays as Standard Circulating coin, as we can’t have two types in the info.

„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“

King

DiaH20

King

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

You cannot spend 1- and 2-eurocent coins in shops in the Netherlands. That something is legal currency, does not mean that shops are required to accept it. Otherwise, card-only shops could never exist. (I may sincerely dislike card-only, but it does prove a point here.).

In 99% of cases, Dutch shops don't accept 1- and 2-eurocent coins. The only reason that I don't say 100%, is because there might be one or two shops near the Dutch-German border, which don't want to deal with German tourists complaining about said coins not being accepted.

 

That's not a personal slight; it's a well-known fact within NL.

 

Secondly, standard denomination non-circulating Euro coins aren't uncommon. Consider the newer French 1 Euro coin, which Numista (correctly) marks as non-circulating, as this coin was also not minted for general circulation.

Yes, but we are talking about the type of the 1c coin you linked? The first 4 years saw ½ million to 100.000 minted, these were minted as Standard Circulation Coins, after 2016 they were only minted for sets (we all understand that sets are non circulating), and thus those coins with years only minted for sets can be classed in type as non-circulating. 
 

But the coin you are talking about has 4 years of standard circulation mintage. Even the lower number of 100.000 isn‘t for sets, you say it was for rolls, which are for shops and businesses.  So the coin stays as Standard Circulating coin, as we can’t have two types in the info.

 

A trusted source stated, at the time of introduction of the new designs, that the 1- and 2-eurocent coins were neither minted nor meant for circulation, as per my original post. 1- and 2-eurocent coins are not used in the Netherlands, which include the newer designs with Willem-Alexander.

 

Hell, it's a running joke that people who carry either denomination recently returned from holiday, because it's impossible to spend those denominations or receive them as change in NL, because shops don't use those denominations.

 

I highly doubt that the Dutch government/mint would mint these coins for the sole purpose of sending them to some random Eurozone country which still uses both denominations. Instead, I wouldn't be surprised if the coin rolls were also just sold as collector's items, like the sets.

DiaH20

King

DiaH20

King

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

You cannot spend 1- and 2-eurocent coins in shops in the Netherlands. That something is legal currency, does not mean that shops are required to accept it. Otherwise, card-only shops could never exist. (I may sincerely dislike card-only, but it does prove a point here.).

In 99% of cases, Dutch shops don't accept 1- and 2-eurocent coins. The only reason that I don't say 100%, is because there might be one or two shops near the Dutch-German border, which don't want to deal with German tourists complaining about said coins not being accepted.

 

That's not a personal slight; it's a well-known fact within NL.

 

Secondly, standard denomination non-circulating Euro coins aren't uncommon. Consider the newer French 1 Euro coin, which Numista (correctly) marks as non-circulating, as this coin was also not minted for general circulation.

Yes, but we are talking about the type of the 1c coin you linked? The first 4 years saw ½ million to 100.000 minted, these were minted as Standard Circulation Coins, after 2016 they were only minted for sets (we all understand that sets are non circulating), and thus those coins with years only minted for sets can be classed in type as non-circulating. 
 

But the coin you are talking about has 4 years of standard circulation mintage. Even the lower number of 100.000 isn‘t for sets, you say it was for rolls, which are for shops and businesses.  So the coin stays as Standard Circulating coin, as we can’t have two types in the info.

 

A trusted source stated, at the time of introduction of the new designs, that the 1- and 2-eurocent coins were neither minted nor meant for circulation, as per my original post. 1- and 2-eurocent coins are not used in the Netherlands, which include the newer designs with Willem-Alexander.

 

Hell, it's a running joke that people who carry either denomination recently returned from holiday, because it's impossible to spend those denominations or receive them as change in NL, because shops don't use those denominations.

 

I highly doubt that the Dutch government/mint would mint these coins for the sole purpose of sending them to some random Eurozone country which still uses both denominations. Instead, I wouldn't be surprised if the coin rolls were also just sold as collector's items, like the sets.

Well let the Referee decide then, I don’t care. You asked for opinions in your original question, but clearly you just want to here that you are correct. 

 

FYI shops in Germany regularly break open small denomination rolls from other countries. That is the advantage of having a common currency.

„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“

King

DiaH20

King

DiaH20

King

Euro circulation coin are dictated by the ECB, they say which coins and notes are circulating. It is standard throughout the Eurozone; 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€, for coins. The Netherlands may mint these coins for sets, but that just means that the numbers of lower value coins are numerous enough that they don’t need to mint any, there first year mintages, mintages travelling in from other countries etc, and while you say that these coin are not used in shops etc, I could still go there with a jar of 1c coins and spend them, they are legal currency.

 

So to answer your question which is the same answer for all coins listed above and for all countries in the Eurozone, these coins are standard circulating coins, irrelevant of what is done locally in everyday life.

You cannot spend 1- and 2-eurocent coins in shops in the Netherlands. That something is legal currency, does not mean that shops are required to accept it. Otherwise, card-only shops could never exist. (I may sincerely dislike card-only, but it does prove a point here.).

In 99% of cases, Dutch shops don't accept 1- and 2-eurocent coins. The only reason that I don't say 100%, is because there might be one or two shops near the Dutch-German border, which don't want to deal with German tourists complaining about said coins not being accepted.

 

That's not a personal slight; it's a well-known fact within NL.

 

Secondly, standard denomination non-circulating Euro coins aren't uncommon. Consider the newer French 1 Euro coin, which Numista (correctly) marks as non-circulating, as this coin was also not minted for general circulation.

Yes, but we are talking about the type of the 1c coin you linked? The first 4 years saw ½ million to 100.000 minted, these were minted as Standard Circulation Coins, after 2016 they were only minted for sets (we all understand that sets are non circulating), and thus those coins with years only minted for sets can be classed in type as non-circulating. 
 

But the coin you are talking about has 4 years of standard circulation mintage. Even the lower number of 100.000 isn‘t for sets, you say it was for rolls, which are for shops and businesses.  So the coin stays as Standard Circulating coin, as we can’t have two types in the info.

 

A trusted source stated, at the time of introduction of the new designs, that the 1- and 2-eurocent coins were neither minted nor meant for circulation, as per my original post. 1- and 2-eurocent coins are not used in the Netherlands, which include the newer designs with Willem-Alexander.

 

Hell, it's a running joke that people who carry either denomination recently returned from holiday, because it's impossible to spend those denominations or receive them as change in NL, because shops don't use those denominations.

 

I highly doubt that the Dutch government/mint would mint these coins for the sole purpose of sending them to some random Eurozone country which still uses both denominations. Instead, I wouldn't be surprised if the coin rolls were also just sold as collector's items, like the sets.

Well let the Referee decide then, I don’t care. You asked for opinions in your original question, but clearly you just want to here that you are correct. 

 

FYI shops in Germany regularly break open small denomination rolls from other countries. That is the advantage of having a common currency.

I am curious about opinions, but prefer those with reasonable backing. 🤔

 

Similarly, I find it hard to believe that the KNM would create rolls just for export, especially in such low numbers:

Let's assume that all 1-eurocent coins minted between 2014-17 – not earmarked for sets/proof – were for rolls. You'd end up with 1.4M coins and with 50 coins per roll, this would only be 28k rolls. In turn, this equates to an average of 7000 rolls per year. 

 

Thus, my argument is that these (on average) 7000 rolls per year were/are for collectors, not businesses, also considering the non-use of the coins in the country of origin.

 

The 2-eurocent coins are likely identical in number, but 2017 lacks data and can thus not be confirmed.

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