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Live auction - feu_807247 - EUROPEAN CENTRAL BANK 1 Cent Euro biface - double face commune n.d.

EUROPEAN CENTRAL BANK 1 Cent Euro biface - double face commune n.d. AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 250 €
Price : 160 €
Maximum bid : 160 €
End of the sale : 24 January 2023 20:34:31
bidders : 4 bidders
Type : 1 Cent Euro biface - double face commune
Date: n.d.
Quantity minted : ---
Metal : copper plated steel
Diameter : 16,25 mm
Orientation dies : 12 h.
Weight : 2,30 g.
Edge : lisse
Rarity : R2
Catalogue references :

Obverse


Obverse legend : 1/ EURO/ CENT.
Obverse description : La Terre vue de trois-quarts en hauteur avec l’Europe mise en valeur, le tout entre deux groupes de six étoiles formant les douze pays de la zone euro, signature en monogramme LL.

Reverse


Reverse legend : 1/ EURO/ CENT.
Reverse description : La Terre vue de trois-quarts en hauteur avec l’Europe mise en valeur, le tout entre deux groupes de six étoiles formant les douze pays de la zone Euro, signature en monogramme LL.

Commentary


Ce type de variété provient d’une erreur d’outillage lors de laquelle il a été utilisé deux coins identiques en lieu et place de deux coins différents.
Ce type de variété est rarissime à l’échelle mondiale et était par exemple inconnu à l’époque du Franc.

Historical background


EUROPEAN CENTRAL BANK

The ECB's function is to manage the single European coin, the Euro. Its action is not only physical - choice of types and manufacture of banknotes - but above all economic with the control of the coin supply and the choice of interest rates. Decisions are taken by a Council bringing together ECB officials and representatives of Central Banks of European countries participating in the euro zone..

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