5 euro cent coin
The 5 euro cent coin (€0.05) has a value of one twentieth of a euro and is composed of copper-covered steel. All euro coins have a common reverse and country-specific (national) obverse. The coin has been used since 2002 and was not re-designed in 2007 as was the case with the higher-value coins. History The coin dates from 2002, when euro coins and banknotes were introduced in the 12-member eurozone and its related territories. The common side was designed by Luc Luycx, a Belgian artist who won a Europe-wide competition to design the new coins. The design of the 1 to 5-cent coins was intended to show the European Union's (EU) place in the world (relative to Africa and Asia) while the one and two euro coins showed the 15 states as one and the 10- to 50-cent coins showed separate EU states. The design of the national sides, then fifteen (eurozone plus Monaco, San Marino and the Vatican who could also mint their own coins) was the subject of national competitions, but was subject to some uniform specifications such as the requirement to include twelve stars (see euro coins for more). National designs were not allowed to change until