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0 Euro Köln Am Rhein

Issuer Euro Souvenir
Year 2016
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Printer Oberthur Fiduciaire (Francois-Charles Oberthur Fiduciaire; FCO; Oberthur Technologies), France (1984-date)
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Obverse lettering KÖLN AM RHEIN
2016-1
0EURO
SOUV
ENIR
R. FAILLE
C.E.O.
XEJE
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Reverse lettering 0EURO
SOUV
ENIR
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Comments

The 0 Euro souvenir program was launched by the European Central Bank-licensed outfit Euro Souvenir in 2016, exploiting a regulatory oddity: denominations below 1 Euro are not covered by EU counterfeiting law in the same way, allowing private entities to issue legal-look notes for the collector and tourist market. Oberthur Fiduciaire in Chantepie produced these on genuine banknote paper with a security thread and watermark — the same infrastructure used for circulating currency.

Köln am Rhein was among the earliest regional subjects in the program. The souvenir angle is straightforward; what is less obvious is that Oberthur's involvement lent the physical object a material authenticity that most novelty items simply lack.

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