Proclamations

2015-10-16Coinage Act 1971TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk241812461384

BY THE QUEEN A PROCLAMATION DETERMINING THE SPECIFICATIONS AND DESIGNS FOR A NEW SERIES OF ONE HUNDRED POUND, FIFTY POUND, TWENTY-FIVE POUND AND TEN POUND GOLD COINS; AND A NEW SERIES OF TWO POUND SILVER COINS ELIZABETH R.

Whereas under section 3(1)(a), (b), (c), (cc), (cd) and (d) 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, to provide for the manner of measurement of the variation from the standard weight of coins:

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 under section 6(2) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to prescribe the composition of the standard trial plates to be used for determining the justness of coins of any metal other than gold, silver or cupro-nickel:

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, fifty pounds, twenty-five pounds and ten pounds in gold, and a new series of coins of the denominations of two pound, in silver:

We, therefore, in pursuance of the said section 3(1)(a), (b), (c), (cc), (cd), (d) and (ff), the said section 6(2), 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 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 31.210 grammes, a standard diameter of 32.690 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 0.105 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 not more than one kilogram of the coin.

(4) The least current weight of the said gold coin shall be 31.010 grammes.

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

‘For the obverse impression Our effigy with the inscription “ · ELIZABETH II · D · G · REG · F · D” and the value of “ · 100 · POUNDS ”, and for the reverse the figure of Britannia standing upon a rock in the sea, her right hand grasping a trident and her left resting on a shield and holding an olive branch, with the inscription “ · BRITANNIA · (and the date of the year) · 1OZ · 999.9 · FINE · GOLD ·”. The coin will have either:

(a) a graining upon the edge; or

(b) a plain edge with a privy mark to denote the year’.

FIFTY POUND COIN

2. (1) A new coin of gold of the denomination of fifty pounds shall be made, being a coin of a standard weight of 15.600 grammes, a standard diameter of 27 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, diameter or fineness 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 0.045 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 least current weight of the said gold coin shall be 15.505 grammes.

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

‘For the obverse impression Our effigy with the inscription “ · ELIZABETH II · D · G · REG · F · D” and the value of “ · 50 · POUNDS · ”, and for the reverse the figure of Britannia standing upon a rock in the sea, her right hand grasping a trident and her left resting on a shield and holding an olive branch, with the inscription “ · BRITANNIA · (and the date of the year) · 1/2OZ · 999.9 · FINE · GOLD ·”. The coin will have a graining upon the edge’.

TWENTY-FIVE POUND COIN

3. (1) A new coin of gold of the denomination of twenty-five pounds shall be made, being a coin of a standard weight of 7.800 grammes, a standard diameter of 22 millimetres, a millesimal fineness of not more 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 0.025 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 least current weight of the said gold coin shall be 7.750 grammes.

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

‘For the obverse impression Our effigy with the inscription “ · ELIZABETH II · D · G · REG · F · D” and the value of “ · 25 · POUNDS · ”, and for the reverse the figure of Britannia standing upon a rock in the sea, her right hand grasping a trident and her left resting on a shield and holding an olive branch, with the inscription “ · BRITANNIA · (and the date of the year) · 1/4OZ · 999.9 · FINE · GOLD ·”. The coin will have graining upon the edge’.

TEN POUND COIN

4. (1) A new coin of gold of the denomination of ten pounds shall be made, being a coin of a standard weight of 3.130 grammes, a standard diameter of 16.5 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 0.020 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 least current weight of the said gold coin shall be 3.110 grammes.

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

‘For the obverse impression Our effigy with the inscription “ · ELIZABETH II · D · G · REG · F · D” and the value of “ · 10 · POUNDS · ”, and for the reverse the figure of Britannia standing upon a rock in the sea, her right hand grasping a trident and her left resting on a shield and holding an olive branch, with the inscription “ · BRITANNIA · (and the date of the year) · 1/10OZ · 999.9 · FINE · GOLD · ”. The coin will have a graining upon the edge’.

TWO POUND 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 31.210 grammes, a standard diameter of 38.610 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 0.105 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 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 “ · ELIZABETH II · D · G · REG · F · D” and the value of “ · 2 · POUNDS · ”, and for the reverse the figure of Britannia standing upon a rock in the sea, her right hand grasping a trident and her left resting on a shield and holding an olive branch, with the inscription, “ · BRITANNIA · (and the date of the year) · 1OZ · 999 · FINE SILVER ·”. The coin will have either;

(a) a graining upon the edge; or

(b) a plain edge with a privy mark to denote the year’.

6. This Proclamation shall come into force on the ninth day of October Two thousand and fifteen.

Given at Our Court at Buckingham Palace, this eighth day of October in the year of our Lord Two thousand and fifteen and in the sixty-fourth year of Our Reign.

GOD SAVE THE QUEEN