Italy, ECU Dorata 1992

nb01-0303b_f_600x600
nb01-0303b_f_600x600nb01-0303b_b_600x600


CATALOG INFORMATION
ID Number: NB01-0303
Category: Commemorative Coins
Description: Italy, 1 ECU 1992
Country or State: Italy
Year: 1992
Period: Republic (2 June 1946 - present)
Head of State/Ruler:  
Reign:  
Currency: ECU
Face Value: 1 ECU
Subject/Theme: 35th Anniversary Founding EEC
Obverse: Giobe, Tower w~h EC.C. flag
Obverse Legend: ITALIA ECU DORATA 1992
Obverse Designer:  
Reverse: Senate Palace in Rome
Reverse Legend: 35° ANNIVERSARIO FONDAZIONE C.E.E, 1957 - 1992
Reverse Designer:  
Edge: Reeded
Note:  
Mint Mark:  
Composition:  
Diameter: 38.6 mm
Thickness:  
Weight: 23.0000 grams
Mintage: 15,000
Krause & Mishler Number: X# 18
Other Catalog Number:  
State of Conservation: Proof (Prf)
Rarity:  
   

CATALOG VALUE
Proof (Prf) € 13.50
Brilliant Uncirculated (BU) € -
Mint State/Mint Condition (MS) € -
Uncirculated (Unc) € -
Extremely Fine (XF) € -
Very Fine (VF) € -
Fine (F) € -
Very Good (VG) € -
Good (G) € -
   

HISTORICAL NOTES

The European Currency Unit ( or ECU) was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro on 1 January 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on 13 March 1979. The European Exchange Rate Mechanism attempted to minimize fluctuations between member state currencies and the ECU. The ECU was also used in some international financial transactions, where its advantage was that securities denominated in ECUs provided investors with the opportunity for foreign diversification without reliance on the currency of a single country.

The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU.