Coin Act (Germany)
| Basic data | |
|---|---|
| Title: | Coin Act |
| Previous title: | Law on the minting of coins |
| Abbreviation: | MünzG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: |
Commercial administrative law , coin law |
| References : | 690-2 |
| Original version from: | July 8, 1950 ( Federal Law Gazette p. 323 ) |
| Entry into force on: | July 16, 1950 |
| Last revision from: | December 16, 1999 ( BGBl. I p. 2402 ) |
| Entry into force of the new version on: |
January 1, 2002 |
| Last change by: |
Art. 10 G of December 22, 2011 ( Federal Law Gazette I p. 2959, 2973 ) |
| Effective date of the last change: |
December 29, 2011 (Art. 12 Paragraph 1 G of December 22, 2011) |
| GESTA : | D046 |
| Please note the note on the applicable legal version. | |
The current German Coin Act of December 21, 1999 (MünzG 2002) regulates, among other things, the obligation to accept euro commemorative coins and thus supplements EC Regulation No. 974/98. On January 1, 2002, the law replaced the Coin Act 1950.
According to EC Regulation No. 974/98, up to 50 euro coins must be accepted in one payment. For German commemorative coins denominated in euros such as ten euro coins, the obligation to accept is limited to 200 euros per payment. Ten euro coins are therefore legal tender in Germany and must be accepted according to § 2 MünzG.
The falsification or manufacture of coins that give the appearance of being or having been legal tender is prosecuted as an administrative offense and can result in a fine of up to 5,000 euros. In addition, if counterfeit coins are distributed, criminal proceedings for placing counterfeit money on the market according to Section 146 (1) No. 3 StGB or for issuing according to Section 35 BBankG must be expected.
