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 commemorates the 35 years of the Erasmus programme. It is part of a joint commemorative by 19 members states, where each country issued a €2 coin with the same design but with national texts.
The Erasmus Programme ("EuRopean Community Action Scheme for the Mobility of University Students") is a European Union (EU) student exchange programme established in 1987. Erasmus+, or Erasmus Plus, is the new programme combining all the EU's current schemes for education, training, youth and sport, which was started in January 2014. More than 5,000 higher education institutions from 38 countries are participating in the project.
The programme is named after the Dutch philosopher, theologian, Renaissance Humanist, monk, and devout Roman Catholic, Desiderius Erasmus of Rotterdam, called "the crowning glory of the Christian humanists". Erasmus, along with his good friend Thomas More, became one of the main figures of European intellectual life during the Renaissance.
Austrian Two Euro coins issued in 2022 have now been in circulation for only two years. |