The new 7.5 euro coin enters circulation: will it be used in Spain?

The Minting of coins It’s a common custom in Spain in recent months, especially when talking about collectors’ things. In January, for example, the Ministry of Economic Affairs ordered Issuance of two euro coins Commemorative and collectible.

As of this Thursday, May 5, a 7.5 euro coin made of silver bullion will enter circulation, calledConclusion 1522I will do it in Portugal, after Bank of Portugal Will report in a statement on the launch of this coin. A commemorative piece to be distributed to Portuguese citizens through the credit institutions and treasury departments of the Bank of Portugal itself.

According to the Portuguese body in the official memo, Only he has liberating power in Portugalthat is, it can be used as a payment instrument but only within Portuguese territory and not in another country. The emission limit is about 50,000 coinsReservations cannot be made on these currencies, and shipments cannot be made by mail.

As far as the currency itself is concerned, the obverse In the central part is a representation of the globe, with The legend of “Sphera Mundi”. The coin’s face value appears in the lower left quadrant, while the legends “2022 Portugal”, “Círculo de Navegación” and “1519-1522” are reflected on the coin’s edge.

On the other hand, in reflect of the coin, in that order, Representation of the ship Victoria, The only ship to return to Spain after traveling around the world, commanded by Juan Sebastian Elcano, after the death of Ferdinand Magellan in 1521. On the upper rim, the legend of “Fernando de Magallanes” and on Bottom edge, legends “Conclusion Elcano “,” 1522 “,” INCM The author’s indication.

It will not be traded in Spain

This currency will only be circulated in Portugal, so In Spain it can not be used Coins included in the commemorative series for the centenary of Ferdinand Magellan’s circumvention voyage minted by the Bank of Portugal.

The last coin minted by Spain was a coin he collected on the occasion of the fiftieth anniversary of his death Clara Campoamore on March 8 (International Women’s Day). coin with Face value 10 EURequivalent to eight riyals, with a minimum of 925 parts per thousand of silver.