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, and the remedy to be allowed in the making of such coins, and 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 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 gold, a new series of coins of the denominations of five hundred pounds, ten pounds and two pounds in silver:

We, therefore, in pursuance of the said section 3(1)(a), (b), (c), (cc), (cd), (d) 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 POUNDS 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 0.118 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 as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 100 POUNDS ” and for the reverse either:

(a) a depiction of St George, sitting on horseback, attacking a dragon with a spear, and the date of the year, and, in micro-text, “· 1OZ · FINE GOLD · 999.9 ·” and the date of the year; or

(b) a depiction of the figures Britannia and Liberty with the inscriptions “· BRITANNIA AND LIBERTY ·” and “(the date of the year) · 1OZ 999.9 FINE GOLD”.

The coin shall have a grained edge.’

TWENTY-FIVE POUNDS 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 22.0 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 gold coin shall be as follows:

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

(a) a depiction of St George, sitting on horseback, attacking a dragon with a spear, and the date of the year, and, in micro-text, “· 1/4OZ · FINE GOLD · 999.9 ·” and the date of the year; or

(b) a depiction of the figures Britannia and Liberty with the inscriptions “· BRITANNIA AND LIBERTY ·” and “(the date of the year) · 1/4OZ 999.9 FINE GOLD”.

The coin shall have a grained edge.’

FIVE HUNDRED POUND SILVER COIN

3. (1) A new coin of silver of the denomination of five hundred pounds shall be made, being a coin of a standard weight of 1005 grammes, a standard diameter of 100 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 6.0 grammes;

(b) a variation from the said standard diameter of 0.300 millimetres per coin.

(3) The variation from the standard weight will be measured by weighing each coin separately.

(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 · 500 POUNDS”, and for the reverse a depiction of St George, sitting on horseback, attacking a dragon with a spear, and the date of the year, and, in micro-text, “· KILO · FINE SILVER · 999” and the date of the year. The coin shall have a grained edge.’

TEN POUND SILVER COIN

4. (1) A new coin of silver of the denomination of ten pounds shall be made, being a coin of a standard weight of 311.527 grammes, a standard diameter of 89 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 0.566 grammes;

(b) a variation from the said standard diameter of 0.300 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 a depiction 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, accompanied by a security latent feature, the inscription “· BRITANNIA · (the date of the year) · 10OZ · 999 · FINE · SILVER ·” and, in micro-text, “DECUS ET TUTAMEN”. The coin shall have a grained edge.’

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 as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 2 POUNDS”and for the reverse either:

(a) a depiction of St George, sitting on horseback, attacking a dragon with a spear, and the date of the year, and, in micro-text, “· 1OZ · FINE SILVER · 999 ·” and the date of the year; or

(b) a depiction of the figures Britannia and Liberty with the inscriptions “· BRITANNIA AND LIBERTY ·” and “(the date of the year) · 1OZ 999 FINE SILVER”.

The coin shall have a grained edge.’

6. This Proclamation shall come into force on the sixteenth day of November Two thousand and twenty-three.

Given at Our Court at Buckingham Palace, this fifteenth day of November in the year of Our Lord Two thousand and twenty-three and in the second year of Our Reign.

GOD SAVE THE KING