Logo Title
obverse
reverse
Národná Banka Slovenska

10 Euro (first successful ascent of Nanga Parbat by Slovak climbers) – Slovakia

Non-circulating coins
Commemoration: 50th anniversary of the first successful ascent of an eight-thousander (Nanga Parbat) by Slovak climbers
Slovakia
Context
Year: 2021
Issuer: Slovakia Issuer flag
Period:
(since 1993)
Currency:
(since 2009)
Total mintage: 9,100
Material
Diameter: 34 mm
Weight: 18 g
Silver weight: 16.20 g
Shape: Round
Composition: Silver (90% Silver, 10% Copper)
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard182
Numista: #301145
Value
Exchange value: 10 EUR = $11.81
Bullion value: $46.37
Inflation-adjusted value: 13.66 EUR

Obverse

Description:
Obverse: Depicts climbers Ivan Fiala and Michal Orolín on Nanga Parbat's 1971 summit. Fiala holds a karabiner and an ice axe flying the Czechoslovak flag. Below are "SLOVENSKO," the denomination "10 EURO," and the 2021 date with the Slovak coat-of-arms.
Inscription:
SLOVENSKO

10

EURO

2021
Translation:
SLOVAKIA

10

EURO

2021
Script: Latin
Language: Slovak
Engraver: Dalibor Schmidt

Reverse

Description:
The reverse design shows Nanga Parbat's summit on the right and a climber on a rock face to the left. "NANGA PARBAT" is inscribed in the upper left, with its height "8125 m" above and the first ascent year "1971" below. At the lower right edge are the designer's initials "MP" and the Kremnica Mint mark "MK" between two dies.
Inscription:
8125 m

NANGA PARBAT

1971

MP
Script: Latin
Engraver: Dalibor Schmidt

Edge


Mints

NameMark
Kremnica

Mintings

YearMint MarkMintageQualityCollection
20212,600BU
20216,500Proof

Historical background

In 2021, Slovakia remained a committed member of the Eurozone, having adopted the euro as its official currency in 2009. The country's monetary policy was therefore set by the European Central Bank (ECB), which focused on maintaining price stability across the bloc. The primary domestic currency issue for Slovakia, as for all Eurozone members, was navigating the ECB's ultra-accommodative policies, including historically low interest rates and pandemic-era bond-buying programs, aimed at stimulating the euro area economy in the wake of the COVID-19 crisis.

The year was marked by significant inflationary pressures, which became the central economic and currency-related concern. While not having direct control over interest rates, Slovak policymakers and the National Bank of Slovakia (NBS) closely monitored the surge in consumer prices, driven initially by supply chain disruptions and later by soaring energy costs. Annual inflation in Slovakia reached 3.8% by the end of 2021, exceeding the Eurozone average and prompting public debate about the cost of living, though the ECB initially viewed the rise as largely "transitory."

Domestically, the currency situation was stable, with no serious political debate about leaving the euro. The focus was instead on the practical implications of the common currency, including the benefits of trade and investment stability within the EU single market versus the inability to devalue the national currency to boost competitiveness. The government's economic policy was thus channeled through fiscal measures, utilizing EU recovery funds to support the economy, while the NBS contributed to macroprudential policy and participated in the ECB's governing council discussions shaping the monetary stance for the entire currency union.
💎 Very Rare