1992 - 1993 European Presidency 50p Silver Proof Coin
Released by The Royal Mint in 1992, this rare Silver Proof fifty-pence coin commemorates the United Kingdom’s Presidency of the Council of Ministers during 1992 and the completed of the single European Market which came into effect in January 1993.
This popular commemorative coin is the first 50p coin with stars and a dual date displayed. The reverse design of the coin, by sculptor Mary Milner Dickens bears a historic design which represents the 12 members of the 1992 European Community by the 12 chairs around the conference table representing the Council of Ministers.
As the President country of the European Community, the United Kingdom sits at the head of the table, which shows 12 stars in the representative locations of the capital cities of the council member countries. The lines which connect these stars across the table represent the links of trade and commerce within the community.
The obverse portrait of Her Majesty Queen Elizabeth II is by Raphael Maklouf.
The Presidency of the Council of the European Union
The Council of the European Union is the upper house of the EU legislature – the presidency of the council rotates amongst EU member states every six months. The presidency is held by a nation’s government rather than an individual. The purpose of the council is to chair Council meetings to determine the agendas, facilitate dialogue at meetings within the Council and with other EU institutions and set a work programme.
When the council was established and the presidency rotated amongst the then 6 members, progress was hindered by poor cooperation between each successive president which began damaging long-term priorities in the EU. To resolve this issue, which was becoming increasingly damaging as the workload of the Council increased, the trio of presidencies was introduced. A group comprising of the three successive president members who cooperate on a common political program has improved the cooperation between current and successive president.
Until 2009, the presidency had assumed political responsibility, but the Lisbon Treaty reduced this responsibility significantly by separating the European Council from the Council of the European Union.
The United Kingdom relinquished its scheduled presidency of the Council of the European Union due to comment from July to December 2017 following the outcome of the 2016 referendum and the subsequent move towards the UK’s withdrawal from the European Union.
1992 Presidency of the European Community 50p Coin Specification
- Denomination: 50p
- Quality: Brilliant Proof
- Country of issue: United Kingdom
- Year of issue: 1992
- Composition: .925 Sterling Silver
- Weight: 15.5g
- Diameter: 30.00mm
- Obverse designer: Raphael Maklouf
- Reverse designer: Mary Milner Dickens
A preowned product in the original presentation box and certificate of authenticity included. The box may show signs of wear but the EEC 50p coin is as struck