Republic of Malta Repubblika ta' Malta | |
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ISO 3166 code | MT |
Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone, mainly in gold and silver, although other metals are also used on rare occasions. Malta introduced the euro (€) on 1 January 2008. In a short time, the Central Bank of Malta has been producing both normal issues of Maltese euro coins, which are intended for circulation, and commemorative euro coins in gold and silver.
These special coins have a legal tender only in Malta, unlike the normal issues of the Maltese euro coins, which have a legal tender in every country of the Eurozone. This means that the commemorative coins made of gold and silver cannot be used as money in other countries. Furthermore, as their bullion value[a] generally vastly exceeds their face value, these coins are not intended to be used as means of payment at all—although it remains possible. For this reason, they are usually named Collectors' coins.
The coins usually commemorate the anniversaries of historical events or draw attention to current events of special importance to Malta.
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