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Obsolete in 11 Years?
May 16, 2013

I saw a news item yesterday that reported the European Commission was examining the possibility of abolishing the 1 euro cent and 2 euro cent coins.

It is a perfect echo of the American dilemma over what to do with the two lowest denominations in our circulating coinage.

Half of the coin supply in the euro zone is comprised of these two little coins. I have had the opportunity to spend them and receive them in change while I have been in Berlin the last six years.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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