Crossword Genius

Very old, or a new Euro coin impressing one (7)

Ross

I believe the answer is:

ancient

I'm a little stuck... Click here to teach me more about this clue!

'very old' is the definition.
(I've seen this before)

'a new euro coin impressing one' is the wordplay.
'a new' becomes 'an' (I've seen this in other clues).
'euro coin' becomes 'cent' (cent is a kind of coin. I am not sure about the 'euro' bit.**).
'impressing' is an insertion indicator (impress historically meant to conscript).
'one' becomes 'i' (Roman numeral).
'cent' placed around 'i' is 'cient'.
'an'+'cient'='ANCIENT'

'or' is the link.

Can you help me to learn more?

(Other definitions for ancient that I've seen before include "Dating from long ago" , "Old man" , "Veteran" , "From the distant past" , "Extremely old" .)

I've seen this clue in The Telegraph.
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