False news about a euro cent coin worth 50,000 euros in Spain

The news has appeared in the Spanish newspapers in recent days that you can earn up to 50,000 euros if you are lucky enough to own a certain 1 euro cent coin. While it is true that some coins can make a lot of money, news about this coin has been classified as fake news or fabrication also called “bulo” in Spanish.

But what is the currency actually? In 2002, Rolf Lederbogen designed a one-cent coin in Germany, which 21 years later became one of the most sought after among (expert) numismatists. An oak tree appears on the reverse of the coin and the coin is a different color than other one-cent coins because it is made of a different metal. It has to come from 2002 and it’s a one-cent coin, because according to the website of European Central Bank The 2 and 5 cent coins have the same graphic, but do not share the same features as this particular coin.

currently in circulation Information About a cent minted in Germany in 2002, which can be worth up to €50,000. This is a copy that was given this value because of the design of the German architect Rolf Lederbogen and because there were “very few circulations”. The news is getting more attention amid the announcement that the 1 and 2 cent coins will not be in circulation this year, which could increase the value of these specimens.

But then research From various TV channels and newspapers in Spain who made inquiries with the country’s famous coin collectors and numismatists, it seems that this particular coin will be worth no more than … one euro, instead of the promised 50,000 euros. If this 1 cent was the color of a 10 cent coin, which sometimes has manufacturing errors, and had a yellow color, then that coin would be worth more, like 30, 40, or 50 euros.

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However, in perfect condition, a 1 euro cent coin has an actual value of only 0.50 to 1 euro, no more. Unless there is an error in the currency. In this case, the person could pay a bit more, as reported in the news about the German auction where the coin fetched €62. But not the very high price, which is written about 50 thousand euros.

10 x 2 euro coins can be worth up to 600 euro

Each country in the eurozone is allowed to issue two commemorative coins annually and many countries do so in limited editions, so that the value of these coins is often higher than…

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