The Two Euro coin (€2.00) is a circulating bi-metallic coin made of two alloys: the inner part of nickel brass, the outer part of copper-nickel. Like all the common circulation coins (from 1 cent to €2), the denomination is issued by the separate countries in the Eurozone and is legal tender in all of them, irrespective of which country has issued it. The denomination was introduced in 2002, when Austria retired the Austrian Schilling currency and introduced the Euro.
The coins have a common reverse designed by Luc Luycx in 1999 which shows a map of the European Union; it was changed in 2007 to reflect the enlargement of the Union. Each country has its own national obverse; the Austrian regular obverse features a portrait of Bertha von Suttner.
The €2 is also the only denomination in which circulating commemorative Euro coins are issued; these are also legal tender in all countries of the Eurozone, no matter which country issued them; commemoratives of other denominations are only legal tender in the issuing country. The number of commemorative coins is limited to two (before 2012 to one) per country per year (in addition to any common issue) and to 5 percent of the total mintage output. Given that the reverse is fixed, the commemorative designs are always on the obverse.
This coin was issued to mark the Centenary (100 years since the foundation) of the Republic of Austria.
After being defeated in World War I, the Austro-Hungarian Empire was broken up. The Treaty of Saint-Germain of 1919 (for Hungary the Treaty of Trianon of 1920) confirmed and consolidated the new order of Central Europe, creating new states and altering others. The German-speaking parts of Austria which had been part of Austria-Hungary were reduced to a rump state named The Republic of German-Austria (German: Republik Deutschösterreich). On 12 November, German-Austria was declared a republic; on the same day it drafted a provisional constitution that stated that "German-Austria is a democratic republic" (Article 1) and "German-Austria is an integral part of the German reich" (Article 2). The Treaty of Saint Germain and the Treaty of Versailles explicitly forbid union between Austria and Germany. The treaties also forced German-Austria to rename itself as "Republic of Austria" which consequently led to the first Austrian Republic.
Austrian Two Euro coins issued in 2018 have now been in circulation for only four years.