Germany Halts €20 & €25 Commemorative Coin Sales Due to Silver Price Surge
The German finance ministry has put a halt to the sale of two commemorative coins due to the rising value of silver. The coins, a €20 and a €25, were scheduled for release over the next three months and are popular among collectors.
The €25 coin, part of a Christmas-themed series, features the 'Three Wise Men' and is made from 22g of pure silver. Its current market value stands at around €29, significantly higher than its face value. The €20 coin commemorates the 125th anniversary of a suspension monorail in Wuppertal, with an elephant named Tuffi as its central figure.
The ministry cited the sharp rise in silver prices as the reason for the halt. The coins' silver content has become too valuable, making their issuance unfeasible under current circumstances. The ministry is exploring options for a later release, including adjustments to the silver content.
The finance ministry has halted the sale of the €20 and €25 commemorative coins due to the silver content's value exceeding their face value. The coins, featuring the 'Three Wise Men' and an elephant named Tuffi, will not be sold as planned. The ministry is considering future issuance, potentially with adjusted silver content.
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