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0 Euro - Köln am Rhein
| Issuer | EuroSouvenir |
|---|---|
| Year | 2017 |
| Type | Souvenir banknote |
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| Obverse description | Panoramic vignette of Cologne in violet-rose tones occupies the right half, with Cologne Cathedral and the Hohenzollern Bridge over the Rhine in the foreground and the Colonius television tower to the right. A large intaglio-style zero numeral appears at centre-left, flanked by the EU flag at upper left and a "LIMITED EDITION 2017" cartouche bearing the Cologne civic eagle at lower right. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The EuroSouvenir programme, launched around 2015 by the European Banknote Memory Organisation, exploits a genuine legal loophole: notes denominated at zero euros are technically not currency and therefore require no central bank authorisation to produce. Oberthur Fiduciaire prints them on the same cotton substrate and with the same watermark security as real euro notes — the resemblance is entirely deliberate, designed to make these feel worth collecting rather than discarding.
Köln was among the early wave of German city issues in the 2017 run. Collectors should note that some regional issues from this year were produced in print runs as low as 5,000, though specific figures for individual city variants were rarely disclosed publicly.