Greece held the rotating presidency of the European Council for the first half of 1994, and this issue commemorates that term directly. The ECU — European Currency Unit — was the basket-currency precursor to the euro, never circulated as physical tender but used extensively in financial settlements and, notably, as the basis for a wave of commemorative issues produced by member states throughout the late 1980s and 1990s.
The X# reference places it in Krause's unusual "world coins" category for non-standard issues — collector pieces with no binding circulation status.
Greece held the rotating presidency of the European Council for the first half of 1994, and this issue commemorates that term directly. The ECU — European Currency Unit — was the basket-currency precursor to the euro, never circulated as physical tender but used extensively in financial settlements and, notably, as the basis for a wave of commemorative issues produced by member states throughout the late 1980s and 1990s.
The X# reference places it in Krause's unusual "world coins" category for non-standard issues — collector pieces with no binding circulation status.