Delcampe Magazine Special Edition N°1

Page 12

Coins

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Those small coins weighing you down may soon become a source of income! Several countries in Europe have already announced that they will stop producing 1 and 2 cent coins. Some, like Ireland, Finland, Sweden, Denmark and Hungary, already abandoned them a long time ago. Italy followed suit in 2018 and Belgium in 2019.

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12 Delcampe Magazine

In some countries, such as Belgium, rounding rules came into effect recently, further speeding up the disappearance of small coins. The reason for removing the coins in question is that they cost as much or even more to produce than they are worth. Because of this, it’s highly likely that the rest of Europe will see things the same way in the medium term. The European Commission had already planned to get rid of the small coins in 2013, but had to backtrack because people saw it as just another way to increase inflation. However, the


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