- 28th January 2020
- Posted by: Suzy Hill
- Category: Personal Tax, Business News
Commemorative Brexit 50p coin revealed
The Chancellor has revealed the Brexit coin, a 50p inscribed ‘Peace, prosperity and friendship with all nations’ and the date the UK leaves the EU
Around three million Brexit coins will enter banks, post offices and shops nationwide from Friday 31 January, with a further seven million entering circulation later this year.
As part of the launch, the Royal Mint will also open its doors for 24 hours to let people strike their own commemorative coins.
Each coin will cost £10 and is limited to three per person. On top of the coin cost, collectors will have to pay £25 for the Withdrawal from the EU – Historic tour, based at the Royal Mint in Cardiff.
From 1 February the coins will be charged at £6.90 and are limited to one per person, the price is lower because the packaging will revert to a non-dated version. These coins will be available to strike until 12 February.
To give an idea of rarity for this coin, 38 million Silver Jubilee coins were minted in 1977 to celebrate the Queen’s silver jubilee, compared with the 10 million Brexit coins being circulated.
Sajid Javid was given the very first batch of Brexit coins, one of which he will present to the Prime Minister this week.
More than 13,000 people have already registered their interest in a commemorative version of the coin which is available to buy from the Royal Mint.
Javid said: ‘Leaving the European Union is a turning point in our history and this coin marks the beginning of this new chapter.’
Taxpayers can register their interest in getting a Brexit coin on the Royal Mint’s Website.