Thursday, 21 December 2017

Commemorative and collection coins. Some questions


Some questions have raised among our students about this matter. 

Here come the answers...

Q1: Can commemorative coins be used as legal tender currency ?

A1: Absolutely, although it does not make any sense. Furthermore, these coins can be used in any other euro country.

 Q2: Let´s suppose a  collection coin which has  a face value of 30 € but with a price of 42 €. Can I buy everyday stuff with that coin? What is its real value?

A2: Initially , these coins can only be used in the emmitting country although shops are not committed to admit them. In the case a shop accepts a coin of this kind, its value would be equal to its face value

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