Coins
In 1993, coins were introduced in denominations of 10, 20 and 50 haléřů, 1, 2, 5, 10, 20 and 50 korun. The haléře (hallers) denominations were struck in aluminium, the 1, 2 and 5 korun in nickel-plated steel, the 10 korun in copper-plated steel, the 20 korun in brass-plated steel and the 50 korun with a brass-plated steel centre and a copper-plated steel ring. The 10 and 20 haléřů coins were taken out of circulation by 31 October 2003. Coins are currently in circulation are the 50 haléřů, 1, 2, 5, 10, 20 and 50 korun (20 korun is more commonly found as coins, whereas 50 korun is more common as a banknote). The coins all feature the Czech lion on the obverse, with the reverse featuring the value.
Since 1997, sets for collectors are also issued yearly with proof quality coins. In 2000, the 10 and 20 korun coins were minted with different obverses to commemorate the Millennium. In the beginning coins were minted in Hamburg then in the Czech Republic. There’s also a tradition of issuing commemorative coins - including silver and gold coins - for numismatic purposes.
The 50 haléřů coin as of 31 August 2008 ceased to be legal tender. The Central Bank says their withdrawal is due to their diminishing circulation and purchasing power. That is because only 10% of coins are returned to the central bank, or 41 million out of 410 million in circulation.
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