World of Coins

Euro coins => Circulation euro coins => Topic started by: eurocoin on October 18, 2019, 03:59:02 PM

Title: More deliberately altered coins in circulation
Post by: eurocoin on October 18, 2019, 03:59:02 PM
The European Commission is currently monitoring a significant increase of deliberately altered euro coins in circulation. This after reports from several member states. The Commission considers if preventive measures need to be taken.
Title: Re: More deliberately altered coins in circulation
Post by: chrisild on October 20, 2019, 03:22:23 PM
Would be interesting to see what "measures" that could be. In Germany for example, the Bundesbank will under certain circumstances refuse to accept coins that are unfit for circulation. That also affects, according to §3 (3) MünzG, deliberately altered pieces: "Die Deutsche Bundesbank hat die Erstattung von nicht für den Umlauf geeigneten Euro-Münzen, die entweder mutwillig oder durch ein Verfahren verändert wurden, bei dem eine Veränderung zu erwarten war, abzulehnen."

Not sure whether there is an EU wide equivalent. Regulation 1210/2010 merely says that "...Member States may refuse reimbursement of euro coins unfit for circulation which have been altered either deliberately or by a process that could be reasonably expected to have the effect of altering them ..." Maybe this could be modified, with regard to circulation coins and €2 commems. But other than that ... if you gave me a coin, as part of some payment, that was awfully colorized by some third party, I may still accept that. ;)

Christian