Coinage

Treasury written question – answered on 30th January 2020.

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Photo of Neil Coyle Neil Coyle Labour, Bermondsey and Old Southwark

To ask the Chancellor of the Exchequer, what estimate he has made of the cost of (a) designing, (b) producing and (c) publicising the commemorative 50 pence coins that are due to enter circulation on 31 January 2020 to mark the UK’s departure from the EU.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The cost of designing all UK coins, including the coin to mark the UK’s departure from the European Union, is met by the Royal Mint out of its own revenues.

Any coins issued into circulation will meet existing demand for 50ps. There is no additional cost in minting coins with one design over another.

This announcement was promoted in the same way as any Treasury announcement, and there were no specific costs associated with it.

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