It is very likely that Andorra will start to issue its own euro coins as from 2013. Andorra will be forced to put 80% of its euro coins in circulation - the other 20% can be reserved for collectors.
source
http://www.diariandorra.ad/index.php?option=com_k2&view=item&am...Add a Comment
"Andorra will be forced to put 80% of its euro coins in circulation - the other 20% can be reserved for collectors."
It is not exactly truth.
Andorra will be forced to mint 80% of its euro coins as circulation coins and 20% as collectors.
There are no forces if all circulation coins should they send to circulation or sell it all in folders, I suppose.
The Andorran coins are going to be cheap only if the Principality's authorities do not abuse the agreement's spirit the way the Vatican and San Marino did:
Unless the agreement clearly states that 80% of each different coin type has to be put to circulation, they could put into circulation a lot of small value coins and hold back the €2 coins.
Vatican did throw into circulation a lot of 2009 @ 50cent coins but no €1 or €2. Thus they met the demand for 80% of their money to be put into circulation, while on the same time they kept their €1 and €2 coins rare and expensive.
In a similar way, the 2010 San Marino €1 coins are quite easy to find, but the €2 are not.
It's very good news for collector, other state for Euro, but Czech republic always not :-((
From the link putson provided, it said
The agreement stipulates that the annual value of the amount of currency issued by Andorra is calculated annually by the Joint Committee with an initial amount of 2.3 million euros of which 80% was put into circulation. The remaining 20% can be used for coin collection.
Assume they are not going to issue any banknotes, 2.3 million for coins should make it cheap enough.
its all depends on the mintage quantities
if the mintage is very low and 80% has to go in circulation then the 20% UNC coins would be rare and expensive
Yes bad! I read here http://www.govern.ad/?p=13646
Next year nobody issued new set!
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