Euro coins also raised about Poongsan's presence on the vetted list of coin blank suppliers of the European Commission's Mint Directors Working Group. However, the Commission claimed responsibility on this issue lies with the member states of the Union. Euro coins There are eight euro coin denominations, ranging from one cent to two euros (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of
Coin counterfeiting low cost. The most common way of forging these coins is to change the area that should be a different color by painting it; however, the paint is often easy to scratch off and the coins soon look very crude once worn. An increasing number of coins are cast from the same composition alloy as the real coin, but have poor reproduction of details such as the milling on the side of the coin and the stamped lettering. When the euro was introduced into Europe, there were initially very few counterfeits; however, the number increased massively as time went by.