Numismatics, the science of coins and medals, continues to be a passion for collectors and investors, and the coin market is followed by many collectors. Collections of ancient coins can reach very high values, but there are also contemporary coins that can be worth significant amounts, especially if they are rare or commemorative examples. An example of this is the €2 coin of Monaco, minted in 2007.
For a coin to have a value substantially greater than its nominal value, it needs to present several specific characteristics, such as circulation size, edition, presence of errors, rarity and, often, historical relevance, such as tributes or commemorations.
It is very important to seek guidance from a numismatic specialist to understand the characteristics of the coin and its true value, as only specific examples can reach high values, and appropriate advice helps to avoid possible fraud.
A striking example lies in commemorative coins. Eurozone countries have the possibility of issuing two commemorative coins per year, as Monaco and Lithuania did with the 2 euro coin.
In 2007, Monaco minted a €2 coin that has become one of the most sought after and valuable pieces in any collection. This coin commemorated the 25th anniversary of the death of Princess Grace Kelly and had a circulation of just 20,001 pieces, all in proof quality and presented in its own case. Its value reached 2,600 euros, according to a quote from El Economista’s ranking.
The €2 coin was issued on July 1, 2007 and consists of a nickel core coated in nickel-brass, with a cupronickel ring. It weighs 8.6 grams, has a diameter of 25.75 mm and a thickness of 2.2 mm.
Also read:
