October 31 Brexit 50p coins to be shredded and melted down by Royal Mint after EU grants extension. Monday 28 October 2019, 10:58pm. Limited edition Brexit 50p coins, dated. On 31 January 2020, a new 50p coin observing the United Kingdom’s withdrawal from the European Union will be released. The coin will be available as gold and silver Proof editions, as well as a Brilliant Uncirculated edition and as part of a two-coin historic set. New 50p coins have been ordered for the latest Brexit date after the delay to the UK's exit from the EU forced the Royal Mint to destroy the previous batch. Chancellor Sajid Javid originally. The Royal Mint will release the Brexit 50p coin to observe the United Kingdom’s withdrawal from the European Union. Brexit Coins will be available as Gold and Silver Proof limited editions, as well as a Brilliant Uncirculated edition and as part of a two-coin historic set.
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31 January 2020, Brexit 50p Coin
From a road map of EU,
a article written by the BBC is the best place to know and discovery, please have a read link, a road map of the Brexit by BBC.
From coin side,
- 1973, UK 50p coin the EEC (hand in hand)
- 1992, UK 50p coin the Single market
- 1998, UK 50p coin the 25th Anniversary of the EEC
- 2020, UK 50p coin the Brexit
- 2020, UK 50p silver proof coin the Brexit
- 2020, UK 50p coin 2-coin the Brexit
As you have seen above, it is very simple and basic package sold by the Royal Mint at £10 each plus delivery fee. It is hard to see what is WORTH of £10 really? Yes, one thing you have to admit that if you have not done anything on the day (31/01/2020), it would not be a record in our modern history. From this point, you contribute your £10 into the history. In terms of coin quality, it is still a prooflike finish standard. One more thing, from the road map of coins since 1973 to 2020, is that all story about the relationship between EU and the UK are all in place and all recorded on British modern coinage. Farewell the European Union, and Good luck to the UK.
Note: a commemorative coin, supporting from a). a 47,000 issue limit = 47 years’ relationship with the European Union; & b). struck in precious metal like silver and gold. A label on outer packaging makes me thinking about “why” the payments were made on 31/01/2020, and then cancelled by the Royal Mint. Here you go. All coins scheduled on sale were the day, 31/01/2020, this doesnot necessarily mean that the manufacture was able to delivery goods on the day. I know the Royal Mint is endorsed by their brand & 1000 years history, and the Treasury (ie., a Treasury-owned company). But if, the Royal Mint were collapsed in a second (like Lehman Brothers in 2008), another Ponzi Scheme was on. However, who really cares?
Note: a combined pack of a 1973 coin and a 2020 coin, it covers 47 years that the relationship lasts between EU and the UK, and a limit of mintage is set up at 5,000 coins, much better than silver coin of this kind.
#End
The first images of the Brexit 50p have been unveiled by Chancellor Sajid Javid, with the coin set to enter circulation on Friday, 31 January.
The coins will flood banks and stores nationwide to mark Brexit day.
Here, Which? explores whether it’s worth hanging on to a Brexit 50p coin as a collector’s item if you find it in your change.
What does the Brexit coin look like?
Images unveiled over the weekend confirm what we all expected: the coin’s design is the same as the now-infamous ’31 October 2019′ design, but with 31 January 2020 replacing the former date.
While other commemorative coins tend to depict what they are celebrating (the Paddington 50p has a picture of Paddington on it, for example), the message ‘Peace, prosperity and friendship with all nations’ is not explicitly Brexit-related.
Author Philip Pullman criticised the coin’s punctuation, noting the lack of an Oxford comma after the word ‘prosperity’. An Oxford comma can be used after the penultimate item in a list of three or more items, but using one isn’t essential. Which? is not officially weighing into the debate, but our house style is not to use one in most cases.
How rare is the Brexit 50p?
Once it enters circulation, the new Brexit coin will not be rare.
Three million are scheduled to circulate on 31 January, with seven million more to follow over the rest of the year.
With 10 million in circulation, the Brexit 50p will have a higher mintage than any 2018 design. It’s possible that the last commemorative coins to have circulation figures like these were the Peter Rabbit and Benjamin Bunny designs from 2017.
This would make the Brexit coin one of only three commemorative 50ps to receive 10 million mintage since 2015. The Royal Mint hasn’t released 2019 mintage figures yet, so we can’t be certain this is the case.
How much is the Brexit 50p coin worth?
While some coins do eventually have resale value above their face value, the Brexit 50p is technically only worth 50p. That’s 59 cents in euros.
There’s no guarantee that any collectible coin will ever be worth more than the number on its face, as multiple experts warned on the coins episode of the Which? Money Podcast:
How likely am I to find one?
Whether you’re avoiding them or seeking them, there’s no way of knowing exactly how likely you are to find a Brexit 50p in your change. Banks, post offices and shops will receive them on 31 January, so you might be more likely to find one around this time, while they’re ‘fresh’, and before people take them home.
If waiting to find one by chance doesn’t appeal to you, uncirculated versions of these coins will be available to buy from the Royal Mint website. Some 13,000 people have registered their interest online so far, but at the time of publishing it wasn’t clear when the coins would go on sale.
What are the rarest 50p coins?
The table below shows the 50ps with the lowest numbers in circulation. It’s important to remember, though, that mintage is not the only factor that affects a coin’s rarity or value as a collector’s item.
Brexit 50p timeline
Much like Brexit itself, the Brexit 50p has had a bumpy ride, facing multiple delays since it was first announced.
October 2018: Philip Hammond, then-Chancellor of the Exchequer, announced plans for a Brexit coin to be issued on the day the UK left the EU.
At the time, this was pencilled in as 29 March 2019. The coin was expected to say ‘Friendship with all nations’, and 10,000 were planned to be circulated.
March 2019: After Parliament voted to reject the government’s Brexit deal, the UK did not leave the EU and no coins were produced.
August 2019: Reports emerged that Sajid Javid, who had taken over as Chancellor, was planning to get millions of Brexit 50ps into circulation in time for the new exit date of 31 October – a huge increase on the thousands Philip Hammond had planned.
Royal Mint Releases Final 'dinosaur' 50p Coin – Which Costs Up To £1,020The Telegraph Via Yahoo News8 Months Ago
Images of this coin’s design were released to the press. It looked the same as the final design, but with the 31 October 2019 date engraved. Including this date was seen as bold, since leaving the EU on that day seemed far from certain.
October 2019: When the UK did not leave the EU on 31 October, the Royal Mint melted down millions of Brexit 50ps that had already been produced.
Treasury Halts Production Of Commemorative Brexit 50p CoinsEvening Standard Via Yahoo News1 Year Ago
January 2020: Over a year after the idea was floated, the Brexit 50p will enter circulation.
- Find out more: more coins stories from Which?