10 Euro – Slovakia
Non-circulating coins
Commemoration: 200th annivesary of the first time a steamer sailed on the Danube river in Bratislava
Slovakia
Context
Material
References
KM: #Click to copy to clipboard159
Numista: #152188
Value
Exchange value: 10 EUR = $11.81
Bullion value: $36.06
Inflation-adjusted value: 14.66 EUR
Obverse
Description:
The obverse depicts parts of the Carolina, the first steamboat to reach Bratislava on the Danube in 1818, alongside Slovakia's coat of arms and the issuance year 2018.
Inscription:
SLOVENSKO
2018
2018
Translation:
SLOVAKIA
2018
2018
Script: Latin
Language: Slovak
Engraver: Dalibor Schmidt
Reverse
Description:
The reverse depicts the Carolina with Bratislava in the background. The denomination 10 EURO is at the bottom, and a semi-circular inscription is at the top. The year of its maiden journey, 1818, is on the left.
Inscription:
PRVÝ PARNÍK V BRATISLAVE
1818
10 EURO
1818
10 EURO
Translation:
THE FIRST STEAMSHIP IN BRATISLAVA
1818
10 EURO
1818
10 EURO
Script: Latin
Language: Slovak
Engraver: Dalibor Schmidt
Categories
| Building> Castle or fortification |
| Transportation> Watercraft |
Mints
| Name | Mark |
|---|---|
| Kremnica | — |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2018 | — | 2,750 | ||
| 2018 | — | 5,650 | Proof |
Historical background
In 2018, Slovakia was a well-established member of the Eurozone, having adopted the euro as its official currency on January 1, 2009. This move replaced the Slovak koruna (SKK) and integrated the country more deeply into the core of the European Union's economic and monetary framework. By 2018, the euro was a routine and accepted part of daily economic life, with a generation of Slovaks having grown up using only the common European currency. The country benefited from the stability, lower transaction costs, and enhanced trade that euro membership provided, particularly as a major exporter within the European single market.
The primary monetary policy for Slovakia in 2018 was set by the European Central Bank (ECB) in Frankfurt, not by a national bank. Slovakia's economic performance and inflation were thus influenced by ECB decisions aimed at the entire Eurozone. During this period, the ECB was maintaining historically low interest rates and a program of quantitative easing to stimulate the euro area economy following the sovereign debt crisis. For Slovakia, which enjoyed robust GDP growth (around 4% in 2018) and low unemployment, these accommodative policies contributed to rising wages and a booming real estate market, but also sparked some domestic concerns about potential overheating and housing affordability.
Domestically, there was no serious political movement or public debate in 2018 about leaving the euro, as support for the currency remained strong. The main financial discussions focused on national fiscal policy within the EU's rules, combating tax evasion, and managing the economic convergence with wealthier Western European nations. While some economists noted that the ECB's one-size-fits-all policy was perhaps too loose for Slovakia's strong cyclical position, the overall consensus was that the benefits of euro membership, including investment confidence and monetary stability, significantly outweighed any drawbacks. The currency situation was therefore one of stable integration, with Slovakia firmly embedded in the European monetary system.
The primary monetary policy for Slovakia in 2018 was set by the European Central Bank (ECB) in Frankfurt, not by a national bank. Slovakia's economic performance and inflation were thus influenced by ECB decisions aimed at the entire Eurozone. During this period, the ECB was maintaining historically low interest rates and a program of quantitative easing to stimulate the euro area economy following the sovereign debt crisis. For Slovakia, which enjoyed robust GDP growth (around 4% in 2018) and low unemployment, these accommodative policies contributed to rising wages and a booming real estate market, but also sparked some domestic concerns about potential overheating and housing affordability.
Domestically, there was no serious political movement or public debate in 2018 about leaving the euro, as support for the currency remained strong. The main financial discussions focused on national fiscal policy within the EU's rules, combating tax evasion, and managing the economic convergence with wealthier Western European nations. While some economists noted that the ECB's one-size-fits-all policy was perhaps too loose for Slovakia's strong cyclical position, the overall consensus was that the benefits of euro membership, including investment confidence and monetary stability, significantly outweighed any drawbacks. The currency situation was therefore one of stable integration, with Slovakia firmly embedded in the European monetary system.
💎 Very Rare