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Written question asked by Lord Hannay of Chiswick (Crossbench) on Thursday, 24 October 2019, in the House of Lords. It was due for an answer on Thursday, 7 November 2019. It was answered by Earl of Courtown (Conservative) on Tuesday, 5 November 2019 on behalf of the Treasury.


Coinage

Question

To ask Her Majesty's Government how many 50p coins were minted to mark the exit of the UK from the EU on (1) 29 March, and (2) 31 October; what was the cost of those operations; and what has been done with the coins so minted.

Answer

Approximately 1 million coins were minted in October to mark the UK’s exit from the European Union, in addition to 1,000 trial coins that were struck before March 29.

Coins bearing these dates will now be recycled and the value from the materials will be recouped by the Exchequer.

The cost of minting these coins is commercially sensitive.


Secondary information

Type
Written question
Reference
HL388
Session
2019-19
Subjects
Costs Coinage Brexit
Contains statistics
Yes
Link
View this Written question on www.parliament.uk