100 Euro (Ferdinand II coronation) – Slovakia
Non-circulating coins
Commemoration: 400th anniversary of the coronation of Ferdinand II.
Slovakia
Context
Material
References
KM: #Click to copy to clipboard162
Numista: #278686
Value
Exchange value: 100 EUR = $118.14
Bullion value: $1428.43
Inflation-adjusted value: 146.57 EUR
Obverse
Description:
The obverse shows Ferdinand II's coronation procession in Pressburg. The Slovak coat of arms is to the right. "100 EURO" appears above the scene, with "SLOVENSKO" and "2018" below.
Inscription:
100 EURO
SLOVENSKO 2018
SLOVENSKO 2018
Translation:
SLOVAKIA 2018
100 EURO
100 EURO
Script: Latin
Engraver: Dalibor Schmidt
Designer: Karol Ličko
Reverse
Description:
The reverse features a portrait of Ferdinand II within a circular band. Above, "KORUNOVÁCIA FERDINANDA II." arches around the top, while "BRATISLAVA 1618" arches below. The left side bears the Kremnica Mint mark ("MK" between dies), and the right shows the designer's initials "KL" for Karol Ličko.
Inscription:
KORUNOVACIA FERDINANDA II.
BRATISLAVA 1618
BRATISLAVA 1618
Script: Latin
Engraver: Dalibor Schmidt
Designer: Karol Ličko
Edge
Milled
Categories
| Animal> Horse |
| Event> Coronation |
| Mustache/Beard |
| Person> Monarch |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2018 | MK | 4,250 | 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.
✨ Legendary