1 Denar magnetic

Macedonia's denar coinage was reintroduced in 1993 following the country's independence from Yugoslavia, replacing the Yugoslav dinar at par. The magnetic plated steel composition adopted for this denomination reflects a regional shift toward cheaper base-metal coinage that swept through the Balkans during the 1990s and 2000s as silver and cupro-nickel became cost-prohibitive for low-denomination circulation strikes. KM#2 has remained essentially unchanged across multiple decades of production — a longevity that speaks more to institutional inertia than to deliberate design policy.