The amount would be paid electronically so you would not need a tiny coin and tiny bank notes.
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The Central Bank said that the coin was an artistic representation of the author and the text, and was "not intended as a literal representation".
BBC: James Joyce: Bank regrets 'error' on coin
The coin remains on sale, but the bank said it would inform purchasers of the error in advance.
If the euro is to be the coin of the realm in most of Europe, private bank notes should come next.
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There was also clearly a certain amount of safe-haven buying by those concerned with monetary policy in the United States and loosening of monetary policy by the European Central Bank, encouraging purchases of physical silver in bar or coin form.
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The Central Bank of Ireland has said it regrets an error on a new commemorative coin that misquotes James Joyce.
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