*** UPDATE 12/08/2019 ***
The Chancellor Sajid Javid has asked officials if it will be possible to produce Brexit 50p coins in time for Britain’s departure from the EU in October 2019.
Previously, Chancellor Philip Hammond planned for just 10,000 commemorative Brexit coins to be struck for the event, however Javid intends millions of Brexit 50ps to be produced for circulation.
As mentioned in the blog below, the coin will have the words, “Peace, Prosperity and Friendship with all nations” and feature the date of Brexit – now 31st October 2019.
But with only a few months to go, will the coins be signed off by the Queen’s privy council and struck by The Royal Mint in time for Brexit?
It’s official! A Brexit 50p WILL be issued by The Royal Mint to mark the UK’s exit from the EU!
Within his budget, the Chancellor unveiled his advanced plans for the 50p coin, which will be released in Spring 2019.
As such a controversial issue, which has created much disruption across the UK and the EU since the referendum in June 2016, Philip Hammond hopes that this new coin, which is expected to bear the phrase ‘Peace, prosperity and friendship with all nations’, will promote the positivity of the event.
In our previous blog, we asked Change Checkers if they would like to see a Brexit coin and 68% of you believed that such a significant moment in Britain’s history should be commemorated with a 50p coin. The Government has now finally conceded to create a gesture for this landmark moment and recognise its importance, although Treasury sources say the department has secretly been working on plans for the coin for months now.
The importance of Brexit can now be likened to Britain’s entry to the European Economic Community, which was then incorporated into the EU in 1993. A 50p coin was issued in 1973 to mark the occasion, featuring nine hands clasping each other in a circle, symbolising the nine member states of the community, intended to represent the trust, assistance and friendship which comes with EEC membership. So important was this event, that in 1998 the first “new sized” commemorative 50p was issued to commemorate 25 years of the UK in the EEC.
89,775,000 of the 1973 50p coins were struck for collectors but is no longer in circulation, whilst the 1998 coin has a mintage figure of 5,043,000 and can still be found in circulation.
It seems that the idea of commemorating Brexit in some way is popular amongst collectors, as commemorative 50p shaped Brexit souvenirs are now available on eBay and are currently selling for £6.99. These are not legal tender, but go to show that a Brexit 50p coin is certainly in demand and could be incredibly sought-after.
An order has now been issued by Mr Hammond to The Royal Mint advisory committee to draw up a designs for the Brexit 50p coin, which should be signed off later this year. Just as the EEC 50p from 1973 intended to promote the development of new relationships, so too will the Brexit 50p, but what do you think about the plans for the new coin?
We posted a poll on our Facebook page to find out what Change Checkers think and 66% of you think we should have a Brexit coin, compared to just 34% voted against the coin and the majority opinion seems to be that we had a coin for entering the EU, so we should also have one for leaving.
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2018 marks the 50th anniversary of arguably the most important moment in British numismatic history – the first coins issued for decimalisation.
In 1968, the British public would have found 5p and 10p coins in their change for the very first time, issued as part of Britain’s conversion to a system of decimal currency.
The coins bore new heraldic designs, but were exactly the same size and value as shillings and florins, which meant the changeover process should have been a smooth transition. However, after generations of pounds, shillings and pence, the Decimal Currency Board still needed to reassure suspicious Britons to go decimal – a case which had actually been argued as long ago as 1696 by Sir Christopher Wren.
It was the 1960 report by the Association of British Chambers of Commerce and the British Association for the Advancement of Science which finally set into action a currency based upon simple multiples, a system already adopted by a number of Commonwealth countries including Australia, New Zealand and South Africa.
A massive number of coins were required for the changeover, forcing The Royal Mint to move location from Tower Hill to its new production facility in Llantrisant, South Wales, where the first of almost six billion coins required for decimalisation went into production.
It was then on the 23rd April 1968 that the new 5p and 10p coins went into circulation, operating as legal tender up to the sum of £5, with mintage figures of 98,868,250 and 336,143,250 respectively.
The humble 5p featured the Christopher Ironside reverse design until 2008 and has since featured Matthew Dent’s reverse design, following a public competition held by The Royal Mint. On the 27th June 1990, a reduced size version of the coin was introduced and the older, larger coins were withdrawn on the 31st December 1990, although the design remained unchanged.
Similarly, the 10p coin also featured Christopher Ironside’s reverse design up until 2008 when this was replaced by Matthew Dent’s. However, the 10p remained a larger coin until the 30th September 1992, when the reduced size version was introduced, with the larger coin being removed from circulation a year later.
As we seem to move ever closer towards a cashless society, the questions lingers as to how long these decimalised coins will remain a necessity… However, this year’s release of 26 brand new A-Z of Great Britain 10p coin designs just goes to show that the demand for the smaller denomination coins is still there. In fact, these little coins have become incredibly sought-after and have dominated news stories and conversations amongst collectors, with everyone wanting to get their hands on the elusive coins!
Although the nation seemed reluctant to accept these decimal coins back in 1968, I think it’s fair to say that they have now become a much loved part of British coinage and as we celebrate the 50th anniversary of the first decimalised coins, we can look back with fondness for the 5p and 10p coins.
Own the very first coins issued for decimalisation!
The First Decimalised Coins include the original 5p and 10p coins from their first year of issue, 1968.
The Prince of Wales is the world’s longest serving heir apparent, supporting Her Majesty the Queen as her representative while also playing an important role in founding and supporting numerous charitable causes. And on the 14th November this year, HRH The Prince of Wales will celebrate a landmark birthday.
To celebrate the 70th birthday of our future King, The Royal Mint has just announced the release of a brand new UK coin.The release of this coin is sure to be exciting for Change Checkers in the knowledge that the last UK £5 coin that featured Prince Charles turned out to be extremely rare.
The Prince of Wales has had numerous commemorative coins minted to mark special occasions throughout his lifetime, and to celebrate his 70th birthday we’ve taken a look back at the history of Prince Charles in coins. From his first marriage to Princess Diana, to landmark birthday celebrations and now in 2018 as heir apparent to the throne, he will celebrate his 70th birthday…
Prince Charles and Lady Diana Spencer 25 pence – 1981
The first ever UK coin issued in the Prince of Wales’ honour, was for his wedding to Lady Diana Spencer in 1981. The coin was struck by The Royal Mint and was a crown tariffed at 25 pence (although no denomination was actually inscribed on the coin).
It was the first time that three people were portrayed on a British coin simultaneously, with the reverse featuring the conjoined profiles of the bridal couple and the effigy of Her Majesty the Queen by Arnold Machin RA.
Prince Charles’ 50th birthday – 1998
To mark his 50th birthday, The Royal Mint struck a £5 coin issued in five metal versions, with a portion of the proceeds going to the Prince of Wales’ Trust.
This charitable organisation was established to further the interests of young people and also provides the theme for the reverse, which portrays the Prince alongside a 33 word inscription setting out the aims and ideals of the Trust. This inscription is so long that it actually takes the title as the longest inscription on any British coin!
The Wedding of Prince Charles and Camilla Parker Bowles – 2005
This 1 Dollar coin from the Cook Islands was issued to celebrate the wedding of Charles and Camilla, however it actually features the wrong date following a last minute delay to the wedding of 24 hours, so that HRH Prince Charles could attend the funeral of Pope John Paul II as the representative of the Queen. The date was unable to be changed as the coins had already been struck!
The design features a portrait of the couple and the incorrect date ‘08.04.2005’ and has a very low mintage of just 5,000, making it a significantly scarce and collectible coin.
Prince Charles and Prince Charles’ 60th birthday – 2008
This £5 coin was released for Prince Charles’ 60th birthday and in fact has the lowest mintage figure in the history of UK ‘circulated’ £5 coins. Just 14,088 of these coins were struck by The Royal Mint in 2008 and was one of the last £5 coins to be issued at face value.
This coin features the portrait of Charles by Ian Rank-Broadley FRBS, whose effigy of the Queen has been used on British coins since 1998. The inscription ICH DIEN means ‘I serve’ and is taken from the Badge of the Prince of Wales.
This coin is extremely sought after by collectors but unfortunately we do not have any stock currently available. Are you lucky enough to have this coin in your collection?
Four Generations of Royalty
At the start of this year, The Royal Mint released this £5 coin which was highly anticipated from the moment HRH Prince George of Cambridge was born on 22nd July 2013 – The Four Generations of Royalty £5 coin.
This is the first time ever that The Royal Mint has issued a coin that celebrates all four generations in line to the throne on a single coin.
The reverse features an original design by much-loved calligrapher Timothy Noad, and ornately shows the initials of the current four generations, E, C, W, G, and represents the heritage of the House of Windsor.
Prince Charles’ 70th birthday – 2018
2018 has been a truly unforgettable year for the Royals, celebrating the Queen’s 65th Jubilee, the birth of Prince Louis, the marriage of Harry and Meghan and on the 14th of November, the 70th birthday of HRH The Prince of Wales.
This brand new £5 coin celebrates Prince Charles’ 70th birthday this year, featuring a brand new portrait of the Prince, created by widely respected designer, Robert Elderston who was once an apprentice engraver at The Royal Mint at its previous home in Tower hill more than 50 years ago.
What makes this coin particularly interesting is that it could be very similar to the portrait of Prince Charles that will feature on all United Kingdom coinage once he becomes King.
The 2018 Prince Charles £5 has now been officially released and is available to order here >>
It’s clear that each coin commemorating a momentus period of Prince Charles’ life has proven to be a rarity in some way, whether it be due to having such a low mintage figure, an unusual design or fascinating story.
As we know, £5 coins are reserved for the most important Royal and Historical anniversaries, and this £5 is the perfect way to celebrate the birthday of our future King.