The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
The National Bank of Slovakia has issued (9th January) new collector coins which are in celebration of Slovakia’s 10th anniversary of the adoption of the single European currency, the euro, on the 1st January 2009. Upon the adoption of the euro, Slovakians had seen their third change in currency since the government of Czechoslovakia re-established democratic rule in the country following the collapse of communism. As Slovakia transitioned into a separate state away from the Czech and Slovak Federation in March 1990, Czechoslovakian korunas were in use during this time and would eventually be replaced entirely with a Slovakian koruna, introduced in February 1993. The brightly coloured banknotes ranging from 20 to 5,000-koruna and the coins placed into circulation were minted in denominations from 10-
In 2004, Slovakia, along with nine other nations primarily from Eastern Europe that included three former Soviet states, officially joined the European Union on the 1st May. As part of the proviso of EU membership, adoption of the euro currency is to be implemented as soon as the country’s economic conditions can support the introduction of the single currency. This occurred in July 2008 when the Koruna was pegged to the euro at SK 30.126. On the 1st January 2009, the Slovak koruna was officially retired and Slovakia became the 16
The euro introduction has marked the culmination of the country’s integration into the European Union, which began in 2004 with EU accession and continued in 2007 when Slovakia joined the Schengen Area. These steps in the integration process brought Slovakia and its citizens many benefits, in particular free movement of people, goods, services and capital. The euro is seen as a stable currency that makes cross-border payments easier and cheaper, supports price awareness, and attracts new foreign investors. At the same time, it allows people to travel to euro area countries and several other European countries without having to exchange national currencies. The euro currency currently consists of seven banknote and eight coin denominations. Each of the euro coins has one common side and one national side, with each euro area country having its own national design. Slovakia’s designs were unveiled in December 2005 in preparation for the coins being introduced into circulation.
The new collector coins are produced by the Kreminca Mint at their facilities in the city of the same name, on behalf of the National Bank of Slovakia, and are designed by artist Zbyněk Fojtů. The coin’s obverse side shows details from the national sides of Slovak circulation euro coins, including all three motifs: The double cross on three hills appearing on the €2 and €1 coins, Bratislava Castle seen on the 50, 20, and 10-euro-cent coins, and Kriváň Peak seen on the five, two, and one-euro-cent copper
The reverse side depicts an incused map of Slovakia framed within a euro symbol. Above the map is the date of the introduction of the euro in Slovakia shown as 1. 1. 2009. Around the
|.900 Silver||18 g||34 mm||Brilliant Unc.||3,300|
|.900 Silver||18 g||34 mm||Proof||7,300|
The coins are produced in both Brilliant Unc. and Proof quality and are directly available from the Kreminica Mint by visiting their website.