Finland Euro Coins
Finnish euro coins have three designs, though two of them are each found on one coin only. Heikki Haivaoja was
the designer of the Finnish euro coins for the minor and middle series of coins. Pertti Makinen is the designer
of the Finnish 1 euro coin and Raimo Heino is the designer of the Finnish 2 Euro coin. Finnish euro coins 1999 -
2006 carry the mint mark M which is the initial of the mint master at The Mint of Finland, Raimo Makkonen. The
euro production started as early as in the autumn 1998. Please take a look at The
Mint of Finland.
The €0.01 and €0.02 coins are not used in Finland; only few were minted, for collectors. Due in
large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finnish businesses and
banks have employed a method known as "Swedish rounding" when tallying sums. While individual prices are still
shown and summed up with € 0.01 precision, the total sum is then rounded to the nearest €0.05 when
paying with cash. Thus, sums ending in €0.01, €0.02, €0.06 and €0.07 are rounded down to
the nearest 5 cents, while sums ending in €0.03, €0.04, €0.08 and €0.09 are rounded up to
the nearest 5 cents. The 1 cent and 2 cent coins are legal tender and are still minted for collector sets as
required by the EMU (European Monetary Union) agreement.
Second series (2007–present)
In December 2006, the Bank of Finland announced the redesign of the national side in order to include the
abbreviation of the country's name (FI for Finland). On Finnish coins the first letter of the Mint of Finland’s
President and CEO (M for Raimo Makkonen) were also be replaced with the Mint's logo. The new coins were
released into circulation in January 2007.
The Finnish 2 euro coin edge inscription
|"SUOMI FINLAND" followed by three lion's heads - Due to the process of inscribing the edge,
two "types" occur
Mintmarks on Finnish euro coins
|From 1999-2006 onward - represents the Finnish Mint director, Raimo Makkonen
|From 2007 onward - represents the mint of Finland and replaces the first mintmark "M"
|Logo of the Rahapaja Oy mint in Helsinki-Vantaa