The Central Bank of Cyprus’ commemorative euro coins celebrating 20 years since Cyprus joined the European Union have proven to be a hot commodity among collectors. Limited-edition €5 silver and €2 commemorative coins are generating a buzz, with eager buyers queuing at the bank’s counters and driving up demand on resale platforms.
The €5 silver coin, priced at €52, depicts Cyprus as a force of creation and development in the EU, symbolized by the European flag, along with doves representing peace.
Only 2,000 pieces were minted in proof condition, designed by artist Giorgos Stamatopoulos and minted by the Bank of Greece.
The €2 coin, priced at €20, highlights Cyprus’ geopolitical importance with an image of the Earth and the European Commission building in Brussels. A total of 7,000 of these coins, encased for protection, were produced.
While the coins are officially sold by the Central Bank at modest prices, collectors are reselling them for as much as €500 on secondary market platforms. The Central Bank has distanced itself from these resales, focusing instead on ensuring fair distribution of the coins to the public.