Monnaie de Paris Blunder: The Controversy Surrounding the Rejected Coin Design

2024-01-13 16:23:26

According to La Lettre, the CEO of the Monnaie de Paris Marc Schwartz had 27 million 10, 20 and 50 cent coins with a new design minted at the end of 2023, without waiting for the green light from the European Commission. However, the institution rejected these new coins, on the grounds that the stars representing Europe were illegible, thus forcing the Paris Mint, whose production factory is located in Pessac, in Gironde, to destroy the pieces, continues the media. According to La Lettre, Mr. Schwartz attributed responsibility for this blunder to “the French state”.

At Bercy, it is emphasized that if the design of the coin is a “political decision” made by the government, the “technical detail” of their production is the responsibility of the Paris Mint. However, the ministry does not want to point the finger at anyone responsible before the end of the evaluation. This might conclude as early as February.

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