Royal Mint to issue two-tone pounds 2 coin in 1997
Saturday 09 December 1995
The final design has not yet been decided, but the pounds 2 coin will be two- tone, with a white centre. It will be bigger and heavier than the pounds 1 coin, but will not weigh as much as two pounds 1 coins together.
The new 50p piece will be a smaller and lighter version of the existing seven-sided coin introduced in 1969. The modifications will bring the 50p coin into line with the present 5p and 10p pieces, both of which have been made smaller and lighter in recent years.
The Royal Mint would issue the new coins towards the end of 1997, the Chancellor, Kenneth Clarke, announced in a Commons written reply yesterday.
Commemorative pounds 2 coins have already been minted to mark various occasions, including the 50th anniversary this year of the end of the Second World War. But the new coin will be the first new denomination to go into general circulation since 1983. It will bear the Queen's head on the front, while the design for the reverse will be selected by the Royal Mint Advisory Committee, which is headed by the Duke of Edinburgh.
The decision to introduce the new coins follows a lengthy consultation exercise on the future of the UK's small change involving the public and 1,000 different organisations, including banks, the retailing and vending industries, the blind and the elderly.
A spokeswoman for the Royal Mint said: "Broadly speaking people were happy to see the 50p reduced in size because it's quite a big coin. It does not fit in with existing coins any more.
"Generally speaking there's been a favourable reaction towards the smaller 50p coin and the pounds 2 one, although there are bound to be objections."
A pounds 2 coin was favoured above a note because of its durability and cost. "A note of that value was not considered appropriate because it would be expensive. They do not last as long as coins," the spokeswoman said.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Germany sees 'visible rise' in support for far-right extremism in response to perceived 'Islamisation' of the West
£20000 per annum: Ashdown Group: A highly reputable business is looking to rec...
£28000 per annum: Recruitment Genius: This company is a major supplier of buil...
£28000 - £40000 per annum: Recruitment Genius: This is an exciting opportunity...
£28000 per annum: Ashdown Group: A highly reputable business is looking to rec...