Whereas under section 3(1)(a), (b), (c), (cc), (cd), (d) and (dd) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to determine the denomination, the design and dimensions of coins to be made at Our Mint, to determine the weight and fineness of certain gold coins, the remedy to be allowed in the making of such coins and their least current weight, and to determine the weight and composition of coins other than gold coins or coins of silver of Our Maundy money, and the remedy to be allowed in the making of such coins, to provide for the manner of measurement of the variation from the standard weight of coins, and to determine the percentage of impurities which such coins may contain:

And Whereas under section 3(1)(ff) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to direct that any coin shall be legal tender for the payment of any amount:

And Whereas it appears to Us desirable to order that there should be made at Our Mint a new series of coins of the denominations of one hundred pounds and twenty-five pounds in gold, a new series of coins of the denominations of ten pounds, five pounds and two pounds in silver, and a new series of coins of the denomination of five pounds in cupro-nickel:

We, therefore, in pursuance of the said section 3(1)(a), (b), (c), (cc), (cd), (d), (dd) and (ff) and of all other powers enabling Us in that behalf, do hereby, by and with the advice of Our Privy Council, proclaim, direct and ordain as follows:

ONE HUNDRED POUND GOLD COIN

1. (1) A new coin of gold of the denomination of one hundred pounds shall be made, being a coin of a standard weight of 31.21 grammes, a standard diameter of 32.69 millimetres, a millesimal fineness of not less than 999.9, and being circular in shape.

(2) In the making of the said gold coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.12 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The least current weight of the said gold coin shall be 31.06 grammes.

(4) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(5) The design of the said gold coin shall be either:

(a) ‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 100 POUNDS ·” and the date of the year, and for the reverse a depiction of Merlin with the inscription “MERLIN · MYTHS AND LEGENDS ·” and the date of the year; or

(b) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 100 POUNDS”, and for the reverse a depiction of Merlin with the inscription “MERLIN · 1OZ · FINE GOLD · 999.9 ·” and the date of the year; or

(c) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 100 POUNDS ·” and the date of the year, and for the reverse a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · MYTHS AND LEGENDS ·” and the date of the year; or

(d) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 100 POUNDS”, and for the reverse a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY ·1OZ · FINE GOLD · 999.9 ·” and the date of the year.

The coin shall have a grained edge.’

TWENTY-FIVE POUND GOLD COIN

2. (1) A new coin of gold of the denomination of twenty-five pounds shall be made, being a coin of a standard weight of 7.8 grammes, a standard diameter of 22 millimetres, a millesimal fineness of not less than 999.9, and being circular in shape.

(2) In the making of the said gold coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.024 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The least current weight of the said gold coin shall be 7.77 grammes.

(4) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(5) The design of the said silver coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 25 POUNDS ·” and the date of the year, and for the reverse either:

(a) a depiction of Merlin with the inscription “MERLIN · MYTHS AND LEGENDS ·” and the date of the year; or

(b) a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · MYTHS AND LEGENDS ·” and the date of the year.

The coin shall have a grained edge.’

TEN POUND SILVER COIN

3. (1) A new coin of silver of the denomination of ten pounds shall be made, being a coin of a standard weight of 311.53 grammes, a standard diameter of 89 millimetres, a standard composition of not less than 999.9 parts per thousand fine silver, and being circular in shape.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.566 grammes; and

(b) a variation from the said standard diameter of 0.3 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The design of the said silver coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 10 POUNDS”, and for the reverse either:

(a) a depiction of Merlin with the inscription “MERLIN · 10OZ · FINE SILVER · 999.9 ·” and the date of the year; or

(b) a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · 10OZ · FINE SILVER · 999.9 ·” and the date of the year; or

(c) a depiction of King Arthur with the inscription “KING ARTHUR · 10OZ · FINE SILVER · 999.9 ·” and the date of the year.

The coin shall have a grained edge.’

(5) The said silver coin shall be legal tender for payment of any amount in any part of Our United Kingdom.

FIVE POUND SILVER COIN

4. (1) A new coin of silver of the denomination of five pounds shall be made, being a coin of a standard weight of 62.86 grammes, a standard diameter of 40 millimetres, a standard composition of not less than 999 parts per thousand fine silver, and being circular in shape.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.784 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The design of the said silver coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 5 POUNDS ·” and the date of the year, and for the reverse either:

(a) a depiction of Merlin with the inscription “MERLIN · MYTHS AND LEGENDS ·” and the date of the year; or

(b) a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · MYTHS AND LEGENDS ·” and the date of the year.

The coin shall have a grained edge.’

(5) The said silver coin shall be legal tender for payment of any amount in any part of Our United Kingdom.

TWO POUND SILVER COIN

5. (1) A new coin of silver of the denomination of two pounds shall be made, being a coin of a standard weight of 31.21 grammes, a standard diameter of 38.61 millimetres, a standard composition of not less than 999 parts per thousand fine silver, and being circular in shape.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.12 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The design of the said silver coin shall be either:

(a) ‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 2 POUNDS ·” and the date of the year, and for the reverse a depiction of Merlin with the inscription “MERLIN · MYTHS AND LEGENDS ·” and the date of the year; or

(b) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 2 POUNDS ·”, and for the reverse a depiction of Merlin with the inscription “MERLIN · 1OZ · FINE SILVER · 999 ·” and the date of the year; or

(c) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 2 POUNDS ·” and the date of the year, and for the reverse a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · MYTHS AND LEGENDS ·” and the date of the year; or

(d) for the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 2 POUNDS”, and for the reverse a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY · 1OZ · FINE SILVER · 999 ·” and the date of the year.

The coin shall have a grained edge.’

(5) The said silver coin shall be legal tender for payment of any amount in any part of Our United Kingdom.

FIVE POUND CUPRO-NICKEL COIN

6. (1) A new coin of cupro-nickel of the denomination of five pounds shall be made, being a coin of a standard weight of 28.28 grammes, a standard diameter of 38.61 millimetres, a standard composition of seventy-five per centum copper and twenty-five per centum nickel, and being circular in shape.

(2) In the making of the said cupro-nickel coin a remedy (that is, a variation from the standard weight, diameter or composition specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.852 grammes;

(b) a variation from the said standard diameter of 0.125 millimetres per coin; and

(c) a variation from the said standard composition of two per centum copper and two per centum nickel.

(3) The said cupro-nickel coin may contain impurities of three-quarters of one per centum.

(4) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(5) The design of the said cupro-nickel coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 5 POUNDS ·” and the date of the year, and for the reverse either:

(a) a depiction of Merlin with the inscription “MERLIN · MYTHS AND LEGENDS ·” and the date of the year; or

(b) a depiction of Morgan Le Fay with the inscription “MORGAN LE FAY· MYTHS AND LEGENDS ·” and the date of the year.

The coin shall have a grained edge.’

(6) The said cupro-nickel coin shall be legal tender for payment of any amount in any part of Our United Kingdom.

7. This Proclamation shall come into force on the ninth day of March Two thousand and twenty-three.

Given at Our Court at Buckingham Palace, this eighth day of March in the year of Our Lord Two thousand and twenty-three and in the first year of Our Reign.

GOD SAVE THE KING