Tag Archive: Euro


Blooomberg Editorial

My Humble Opinion:

Those f….king capitalists…

People may be suffering but all they care about is the stock market

Read this short piece of a Bloomberg Editorial for example…

“The possibilities range from runs on European banks to violent rioting in the streets of Athens — or even civil war… a prepackaged, well-managed bankruptcy, not unlike the ones arranged by the Obama administration for General Motors Co. and Chrysler Group LLC in 2009, would be better than letting the chips fall where they may.”

Denomination –  5 Cent (0,05 Euro)
Country –  San Marino
Year –  2006
Head Of State – Captain Regent Gianfranco Terenzi
Mint – Rome
Obverse – The tower “Guiata” built in the 10th century is surrounded with the inscription “SAN MARINO” and the twelve stars of Europe. Lettering: 2006 SAN MARINO Ch R ELF INC.
Reverse – Globe in the bottom left. The (initial design:2002) then-fifteen members of the EU are lightly highlighted . Six fine lines cut diagonally behind the globe from each side of the coin and have twelve stars at their ends (reflective of the flags of Europe). To the top left is a large number 5 followed, in smaller text, by the words “Euro Cent”. The designers initials, LL, appear to the right of the globe.
Metal – Copper Plated Steel
Condition – Uncirculated
Creators – Obverse. Designer: Etore Lorenzo Frapiccini (initials ELF INC(INC is the Italian Abbreviation for engraver)), M. Frantisek Chochola (initials CH) – Reverse. Designer: Luc Luycx (initials LL)
Catalogue – KM#442
Edge – Smooth
Mintage – 2,880,000
Collection – Giannis Koromilas
Diameter  –  21,25 mm
Weight – 3,92 gr
Interesting Facts –  The Guaita is the oldest of the three towers, and the most famous. It was constructed in the 11th century and served briefly as a prison
Krause Value – 8,00$ (Unc)
Denomination –  1 Cent (0,01 Euro)
Country –  San Marino
Year –  2006
Head Of State – Captain Regent Gianfranco Terenzi
Mint – Rome Mint
Obverse – Third Tower “Il Montale” – “R” mintmark (Rome) – Lettering (2006 – San Marino)
Reverse – Globe in the bottom left. The (initial design:2002) then-fifteen members of the EU are lightly highlighted . Six fine lines cut diagonally behind the globe from each side of the coin and have twelve stars at their ends (reflective of the flags of Europe). To the top left is a large number 1 followed, in smaller text, by the words “Euro Cent”. The designers initials, LL, appear to the right of the globe.
Metal – 94,35% Steel – 5,65% Copper (Copper Plated Steel)
Condition – Uncirculated
Creators – Obverse. Designer: Etore Lorenzo Frapiccini (initials ELF INC(INC is the Italian Abbreviation for engraver)), M. Frantisek Chochola (initials CH) – Reverse. Designer: Luc Luycx (initials LL)
Catalogue – KM#440
Edge – Plain
Mintage – 2,730,000
Collection – Giannis Koromilas
Diameter  –  16.25 mm
Weight – 2.27 gr
Interesting Facts –  The Montale is located on the smallest of Monte Titano’s summits. Unlike the other towers, this one is not open to the public. It was constructed in the 14th century
Krause Value – (8,00$ XF – 12,00$ BU)
Image taken from UCoins.net website
Denomination –  2 Cents (0,02 Euro)
Country –  San Marino
Year –  2006
Head Of State – Captain Regent Gianfranco Terenzi
Mint – Rome
Obverse – Statue of Liberty, lettering San Marino, 2006
Reverse – Globe in the bottom left. The (initial design:2002) then-fifteen members of the EU are lightly highlighted . Six fine lines cut diagonally behind the globe from each side of the coin and have twelve stars at their ends (reflective of the flags of Europe). To the top left is a large number 2 followed, in smaller text, by the words “Euro Cent”. The designers initials, LL, appear to the right of the globe.
Metal – 94,35% Steel – 5,65% Copper
Condition – Uncirculated
Creator – Obverse. Designer: Etore Lorenzo Frapiccini (initials ELF INC(INC is the Italian Abbreviation for engraver)), M. Frantisek Chochola (initials CH) – Reverse. Designer: Luc Luycx (initials LL)
Catalogue – ΚΜ#441
Edge – Smooth
Mintage – 2,730,000
Collection – Giannis Koromilas
Diameter  –  18,75 mm
Weight – 3,06 gr
Interesting Facts –  The Statue of Liberty, officially titled Liberty Enlightening the World, dedicated on October 28, 1886, is a monument commemorating the centennial of the signing of the United States Declaration of Independence, given to the United States by the people of France to represent the friendship between the two countries established during the American Revolution
Krause Value – 8,00$ (Unc)

Euro Designer Luc Luycx

Luc Luycx

Luc Luycx (pronounced Lowx) was a 43-year-old computer engineer and coin designer who lived in Dendermonde, Belgium. Luycx had been working at the Koninklijke Belgische Munt (Royal Belgium Mint) for 15 years, designing coins on computer. In 1996, Luyncx created a series of coins in CorelDRAW and sumbitted them to the design competition held by every EU member state, with the exception of Denmark. He was not alone of course. Professional coin designers, artists and sculptors from all over the European Union submitted their own designs for the contest which was limited to three themes: architectural, abstract and European personalities.

A European jury of independent experts chose the nine best series out of a total of 36 in March 1997. The winning design was the clear favourite of an opinion poll organised by the European Commission among both the general public and a wide range of currency users’ organisations, including consumers and representatives of the blind and the visually impaired, and also with the European Parliament. In the final stages 63.8% of a sample of 1900 europeans selected Luycx’s series of coins, featuring the map of Europe with all the countries’ borders and a background symbolizing Europe with 12 stars. The final decision on the design was taken by the European Council meeting in Amsterdam in June 1997. Luycx won the competition for the common face of the coins and today his designs appear on the back of 50 billion euro coins circulating throughout Europe. He also received 24,000 ECU for his prize-winning series of design.

Who is who

Luycx’s career started out quite differently, as he first worked as a computer engineer. He had no experience with creating designs on the computer, but loved to paint and draw with a pen. When his supervisor asked him to take a coin engraving course 10 years ago, he was introduced to CorelDRAW and his new passion for designing coins began. “When I was designing the coins, I made rough sketches on paper and scanned them into the computer,” said Luycx. “I did the rest of the work, including the design and the editing, with CorelDRAW”.

Designing the euro

Luycx’s main concern was making the value of the coin clear at first glance and even from a distance. So, with clear-cut numbers in his head, he set to work on the design which also emphasises European integration. Next to the number inscriptions of the one, two and five cent coins, Luycx placed a tiny globe with the outlines of the European continent. On some Euro coins, the 15 EU countries are clearly separated, while on others, the individual countries depicted, merge into one continent. “A Europe-wide currency has to be neutral, the graphics can’t be too specific. If I had opted for portraits of famous people or architectural monuments then one country was bound to be more strongly represented”, he says.

Luycx also consciously included England, Denmark and Sweden in his design, though the three are holding on to their national currencies to start with. And with foresight, he even left some scope within his design to include prospective EU member states at a later stage. In this way if the need arises, a new series of euro coins could be rustled up within a few years. Based on plaster models, a precise matrix was drawn up for each of the new coins to be minted from. This pattern ensures that every single coin across the continent has an identical front. The coins also have milled edges to make it easier – especially for those with impaired sight – to recognise different values. Sophisticated bi-metal technology has been incorporated into the Euro 1 and Euro 2 coins which, together with lettering around the edge of the Euro 2 coin will prevent counterfeiting.

Luc Luycx was pleased. “I think they’ve really turned out well, great! I wasn’t expecting that. I’m very pleased with them.” Naturally, Luycx was looking forward to January 1, 2002, when people Europe wide would be exchanging the coins – and his designs – as legal tender for the first time.

Article Taken from Fleur De Coin Website http://www.fleur-de-coin.com/eurocoins/lucluycx.asp