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The Principality of Monaco, situated on the French Mediterranean coast, is the second smallest state in the world after the Vatican. Although not a member of the EU, Monaco issues its own euro coins under a monetary agreement — they appear in low mintages and are particularly sought after by collectors. The city-state is governed by the House of Grimaldi.
 | Cornucopia – mint mark of the French mint Monnaie de Paris in Pessac. Found on all Monegasque 2-euro coins. |
|---|---|
 | Horseshoe – mint master mark of French Mint Master Gérard Buquoy, found on coins from 2001 and 2002. |
 | Heart (formed from the initials L and S) – mint master mark of French Mint Master Serge Levet, found on the 2-euro coins of 2003. |
 | Hunting horn with Pisces symbol – mint master mark of French Mint Master Hubert Larivière, found on all Monaco 2-euro circulation and commemorative coins since 2004. |
| R.B.BARON | Roger Bernard Baron – name of the coin designer on the 2-euro commemorative coin 2007. |
 | Pentagon with the letter combinations YS, MP and AG – mint mark of Yves Sampo from 2011. |
 | Joaquin Jimenez, Chief Engraver, original design with stylised rhinoceros head (since 2020). |
Coins from Monaco are among the most sought-after in the field: many issues have very low mintages and trade well above face value – some reach two- to three-figure sums. What your Monaco coin is worth depends on the issue, mintage and condition:
