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It's super cool, but this coin is not used in general circulation and is more or less only a collectors item.
by jo909 10y ago
It's super cool, but this coin is not used in general circulation and is more or less only a collectors item.
- nicky0 10y agoThat seems weird. Why would they spend 10 years of research to produce a one-off collectors item?
- masklinn 10y agoTo demonstrate feasibility and estimate costs. The tech could then eventually be rolled out but since Germany is part of the EU for EU-wide legal tender all mints need to switch: "standard" euro coins have a common design and reverse, and a national obverse (with some restrictions).
- TazeTSchnitzel 10y agoNitpick, but you mean the Eurozone specifically.
- masklinn 10y agoGuilty as charged.
- jo909 10y agoMy guess it's because the production cost is too high, and counterfeit euro coins aren't a big enough problem to warrant them. Also having a germany-only euro coin in wide circulation would be a bit backwards and impractical, so they would have to implement them in all 19 euro countries.
- wolfgke 10y agoWho says they don't have plans to apply this technology in quantity production in future (just not yet)? I consider it as a very sensible choice to use a one-off collectors item to make a first test towards mass production.
- kuschku 10y agoAs a case study before introducing it into general circulation. Developing a new coin for hundreds of millions of people in daily use is a big task, it’s easier to start with a subset of 80 million potential users to demonstrate feasibility, and test.