Considerations on COM(2008)514-1 - Amendment of Regulation (EC) No 2182/2004 concerning medals and tokens similar to euro coins - Main contents
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| dossier | COM(2008)514-1 - Amendment of Regulation (EC) No 2182/2004 concerning medals and tokens similar to euro coins. |
|---|---|
| document | COM(2008)514  |
| date | December 18, 2008 |
| (2) | The public may be led to believe that some medals and tokens have legal tender status, not only when they bear a design similar to euro coins but also when they bear certain elements of the designs on euro coins. Therefore specific elements of the designs on legal tender euro coins should not be reproduced in the way they are depicted on euro coins. In addition, symbols that are representative of the issuing Member State’s sovereignty should not be reproduced on medals and tokens in the way they are depicted on euro coins. |
| (3) | The Commission, after having consulted the counterfeit coin experts referred to in Commission Decision 2005/37/EC of 29 October 2004 establishing the European Technical and Scientific Centre (ETSC) and providing for coordination of technical actions to protect euro coins against counterfeiting (3), should specify whether the protective provisions referred to in Regulation (EC) No 2182/2004 have been respected and whether a metallic object is a medal/token. |
| (4) | The specific criteria that are employed by the Commission in declaring conformity with the protective provisions should be clarified and laid down. |
| (5) | The risk of mistaking a medal or a token bearing the terms ‘euro’, ‘euro cent’ or the euro symbol for a legal tender coin is greater where a nominal value is also associated with that medal or token. Therefore, in such cases, the indication ‘Not legal tender’ should be stamped on the obverse or the reverse of the medal or token concerned. |
| (6) | Regulation (EC) No 2182/2004 should therefore be amended accordingly, |