Browsed by
Tag: hobbies & entertainment

January Berlin Ministry

January Berlin Ministry

A large-scale survey of the three largest German coins trade journals as well as of the press service wants to numismatics (online voting) provide large survey on the future of the German coins with chances of winning those actually affected, the coin collectors, heard on this important issue. The results of the survey will be forwarded within a month as a decision-making aid in the Federal Ministry of finance. Thus, the collector will make an important contribution in their own right. Finally aim favourite child the silver commemorative coins to the German coin collectors. Each participant will also receive the chance to win a German 10-euro silver coin. The situation had intensified already last year in the autumn. Since the Finance Minister had to prefer the output of the last two German 10-euro-coins in sterling silver, to meet the financial obligations of the Federal.

The risk that the price of silver was must be until end of year is rapidly rising, give the coins to a nominal value of 10 euro, but it is too high. Business of loss of especially known are not provided for in the federal budget. Those responsible were therefore forced to shape the German 10-euro silver commemorative coins in uncirculated quality 2011 no longer made from Sterling Silver (925 / 1000), but of an alloy of 625 silver and 375 parts copper (so 625 / 1000) by the high price of silver. But even this measure falls short at a further rising silver price… So was on the occasion of the world money fair end of January Berlin Ministry of finance a round table instead, which in addition to the Bundesbank and the State Mint also numismatist and dealer associations, etc.

were invited to. The only agenda item: the future of German commemorative coins. Basically and simply said there is only one alternative: either increase of the nominal value and maintaining the precious metal content retention (or reduction) of the nominal value and change the alloy, for example on copper-nickel.