Eurozone coin production increases due to Bulgaria's accession - Eurozone coin production increases due to Bulgaria's accession
Eurozone countries are ramping up coin production ahead of Bulgaria’s adoption of the euro in 2026. The newest member plans to mint over €164 million in coins, mostly for daily transactions. Meanwhile, Germany remains the largest producer, with €558 million worth of coins scheduled for next year.
The European Central Bank (ECB) has set an annual limit for euro coin production based on demand from member states. In 2026, the total value of new coins will exceed €2.4 billion, with €1.9 billion designated for circulation and €511 million for collector’s editions.
Germany will lead production, minting €558 million worth of coins, including €203.5 million in special collector’s items. Despite calls to phase out low-value coins, the country will continue producing one- and two-cent pieces. In March 2025, the Bundesbank proposed rounding cash payments to the nearest five cents, but the plan has yet to take effect. Finland already uses such a system, while the U.S. has stopped making one-cent coins entirely.
High-value bullion and legal-tender coins will still be struck in Germany. These serve as investment products, offering tax benefits, state-backed security, and international recognition. They also generate revenue and prestige for the state and minting authorities.
The ECB is also working on a digital euro, designed to work alongside physical cash. This new form of currency aims to provide a European alternative to major U.S. payment providers.
Bulgaria’s entry into the eurozone in 2026 will push total coin production to over €2.4 billion. Germany remains the top producer, maintaining low-value coins despite rounding proposals. The ECB’s digital euro project continues as a future option for consumers, while physical cash—especially in Germany—stays widely used and cost-effective for retailers.
