200 Euros

The 200 euro note was the least-circulated denomination at launch — too large for most everyday transactions, too small to justify the effort of forgery compared to the 500. That awkward middle position made it commercially marginal from the start. The Eurosystem initially produced it in relatively modest quantities, and many central banks ordered few or none for their national allocations.

The 2002 first series was printed by multiple national central bank printers across the eurozone, each applying its own serial prefix letter identifying the issuing NCB — a detail that matters for completeness collectors assembling full printer sets.