Friday 30 September 2016

Charity says 'it makes sense to give your cents' as 'rounding off' of coppers begins

Published 28/10/2015 | 02:30

Launch of the Central Bank's coin to commemorate the 70th Anniversary of Peace in Europe
Launch of the Central Bank's coin to commemorate the 70th Anniversary of Peace in Europe

On a day that Ireland is to lose some of its one and two cent coins, we have been given a brand new one.

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The Central Bank of Ireland has launched a €10 limited issue silver proof collector coin to commemorate the 70th Anniversary of Peace on the continent of Europe.

Former President of Ireland, Mary McAleese, spoke about the ideals behind the new piece and "Schuman and Monnet's ideal to build a partnership between neighbours". "The Central Bank's gesture with this beautiful coin reminds us that this peace belongs to us all and no matter what comes or goes in our lives," she said, at the launch in Cathal Brugha Barracks, Dublin.

The coin, struck to the highest proof quality in .925 Sterling Silver, was designed by Michael Guilfoyle. Just 8,000 units will be issued and it goes on sale today for €55.

Meanwhile, the rounding off of pesky copper coins on bills to the nearest 5 cent will begin today after a successful trial in Wexford in 2013.

Ronnie O'Toole, of the Central Bank: "Consumers may be surprised at first but, judging from the experience in Wexford, they will embrace Rounding very quickly."

Rounding will be on a voluntary basis and 1c and 2c coins will remain legal tender.

The DSPCA, Dublin Society for Prevention of Cruelty to Animals, is asking for donations of the coins. 

"It makes sense to give your cents to help us care for animals and to educate to end animal cruelty," a spokesperson said.

'Change for Charity' is launching “National Coin Week”  to gather €35m in loose change for Irish charities.

"There are over €35m of these coins in people’s homes and offices in bottles and jars which will soon be of no use to anyone, so the “Change For Charity” campaign is encouraging people to put these coins to good use during 'National Coin Week' which takes place from 2nd - 8th of November," its statement said.

The proceeds of the campaign will be divided between a number of charities – the Irish Heart Foundation, St Francis Hospice, Our Lady’s Hospice & Care Services, and Gaisce – The President's Awards.

Some smaller charities, community projects and youth groups will also benefit.

The campaign has over 3,000 collection receptacles nationwide in schools, shops and banks. Further details can be found on www.changeforcharity.ie.

Irish Independent

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