20 Euros Frau Holle

Frau Holle entered Germany's collector coin program as part of a long-running series honoring Brothers Grimm fairy tales, a deliberate cultural policy by the German federal government to issue legal-tender silver pieces tied to national folk tradition. The tale itself — collected by the Grimms in Hesse in the early 19th century — predates their published version by centuries in oral form, with Frau Holle as a figure governing winter weather, her shaking of feather quilts producing snowfall across the land.

Staatliche Münze Baden-Württemberg, the Stuttgart mint, produced this issue with a lenticular insert — a small polymer lens embedded in the coin that animates between two images depending on viewing angle, a production technique that has defined the more recent entries in this Grimm series.