1 cent euro coins Totally Explained

Everything about 1 Cent Euro Coins totally explained

1 cent euro coin is the smallest and lowest domination of the euro coins. image:EUR 0.01 (2002 issue).png|Common side of all 1 cent euro coins image:EUR 0.01 edge (2002 issue).gif|Edge of all 1 cent euro coins

Design

The coins are made of a steel core plated with copper. They have a diameter of 16.25 mm, a 1.67 mm thickness and a mass of 2.30 grams. All coins have a common reverse side and country-specific national sides.
The present common design displays "Europe's place in the world", bordered by North Africa, the Middle East and Asia. The fifteen then-European Union member states are highlighted but this wasn't considered prominent enough to warrant a change in design when the non-copper coins were redesigned in 2007 to reflect the post-2004 enlargements. This side also shows a large figure 1 and the words "euro cent", twelve stars are also displayed in two groups along the edge.
Although there are no plans to get rid of the one cent coin, the Commission and some member states have proposed that its national side be standardised across the eurozone to reduce the cost of its production.

Usage

Finnish and Dutch businesses and banks employ a method known as "Swedish rounding" when tallying sums. Due in large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finland has opted to remove these coins from general circulation in order to offset the cost involved in accepting them. The 1 cent and 2 cent coins are legal tender and are still minted for collector sets as required by the European Monetary Union (EMU) agreement.
While individual prices are still shown and summed up with € 0.01 precision, the total sum in Finland and the Netherlands is then rounded to the nearest € 0.05. Sums ending in € 0.01, € 0.02, € 0.06 and € 0.07 are rounded down to the nearest 5 cents; sums ending in € 0.03, € 0.04, € 0.08 and € 0.09 are rounded up to the nearest 5 cents.
A survey in 2004 found a majority of citizens wanting to the one and two cent coins to be withdrawn across the eurozone, support was highest for the withdrawal of the one cent, however citizens in Germany were most vocal in the support of the coin. At present, the three copper coins together represent 80% of all new coins minted in the eurozone.

National sides

Image:Eurocoin.at.001.gif | Austria: The gentian, a flower of the Austrian Alps. Image:Belgium euro s02 001.jpg | Belgium: Effigy and monogram of King Albert II Image:Eurocoin.cy.001.gif | Cyprus: The Mouflon Image:Eurocoin.fi.s2.005.jpg | Finland: The heraldic lion of Finland found on the Coat of arms of Finland. Image:Eur.fr.001.gif | France: Portrait of Marianne, the symbol of the French Republic Image:Eur.de.001.gif | Germany: German oak twig which also was featured on the former pfennig. Image:1 euro cents Greece.jpg | Greece: An Athenian trireme of the 5th century BC. Image:Eurocoin.ie.001.gif |Ireland: The traditional Irish harp Image:Eur.it.001.gif | Italy: The Castel del Monte, a 13th century castle in Apulia. Image:Eur.lu.001.gif | Luxembourg: Effigy of Grand Duke Henri Image:Eurocoins nat malta.s01 001.jpg | Malta: Mnajdra temples Image:Eurocoin.mc.series2.001.gif | Monaco: The Coat of arms of Monaco Image:Eurocoin.nl.001.gif | Netherlands: Portrait of Queen Beatrix, her title around the edge. Image:Eurocoin.pt.001.gif | Portugal: The royal seal of 1134 Image:Eurocoin.sm.001.gif | San Marino: Third tower Il Montale Image:Si1ct.jpg | Slovenia: A stork, a motif taken from the former 20 tolarjev coin. Image:Eurocoin.es.001.gif | Spain: The Obradoiro façade of the Cathedral of Santiago de Compostela. Image:Eurocoin.va.series3.001.gif | Vatican: Effigy of Pope Benedict XVI

Former designs

Designs still in circulation but no longer minted:
Image:Mo 1c.gif | Monaco: The Coat of arms of Monaco Image:Eurocoin.va.series1.001.gif | Vatican City: Effigy of Pope John Paul II Image:Eurocoin.va.series2.001.gif | Vatican City: Issued during the Sede vacante period. Insignia of the Apostolic Chamber and the Coat of arms of the Cardinal Chamberlain. Image:001.fin.01.jpg|Finland: 1st Series (1999–2006) Image:Eur.be.005.gif|Belgium: 1st Series (1999–2007)

Planned designs

Planned designs to come into circulation once the members who designed them adopt the euro. The dates shown below are tentative and have not been confirmed. They have been mentioned in the media and several other sources, but are subject to change. Image:5 cent SK 2009.jpg | Slovakia: Kriváň, a symbolic mountain in the High Tatras. Introduction currently planned in 2009. Image:1centlithuanian.jpg | Lithuania: The Vytis, the Coat of arms of Lithuania. Introduction currently planned in 2010. Image:Eurocoin.ee.s1.005.jpg | Estonia: A map of Estonia. Introduction currently planned in 2011. Image:Latvian 5, 2 and 1 cent coin design.JPG | Latvia: Coat of arms of Latvia. Introduction currently planned in 2013. See Enlargement of the eurozone for more details of the schedule for these and other countries.

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