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Silver ECU

Issuer Tower Mint
Year 1993
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Technique Milled
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Reverse script Latin
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Mintage 1993
Additional information

The ECU — European Currency Unit — was never legal tender in the conventional sense, but a basket currency used for accounting within the European Monetary System from 1979 onward. The Tower Mint produced silver ECU pieces for several European markets in the early 1990s as collector and diplomatic items, riding a wave of pro-integration sentiment ahead of the Maastricht Treaty's formal ratification. Within months of issues like this one reaching the market, the 1992 ERM crisis had shattered confidence in a fixed European exchange rate mechanism, and the ECU itself was quietly retired when the euro was introduced in 1999.

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