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Brexit commemorative 50p coins on sale for £985

Kalila Sangster
·3 min read
EMBARGOED TO 0001 THURSDAY JANUARY 30  The Royal Mint undated handout photo of their Withdrawal from the European Union 2020 United Kingdom 50p Gold silver and Brilliant uncirculated coins. PA Photo. Issue date: Thursday January 30, 2020. See PA story MONEY Brexit. Photo credit should read: The Royal Mint/PA Wire  NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
The collectable commemorative coins will go on sale on Friday. Photo: PA

Limited edition gold 50p coins commemorating Brexit will be up for sale for £985 ($1,279).

The Royal Mint has produced the commemorative coins in gold, silver, and brilliant uncirculated versions to mark the UK’s departure from the EU.

The coins, featuring the inscription: “Peace, prosperity and friendship with all nations”, and the official withdrawal date of 31 January 2020, will go on sale from Friday.

Only 1,500 gold Brexit coins, priced at £945, will be produced. The limited number is likely to make them a sought-after collectors item.

The silver version, produced in a limited edition of 47,000, can be bought for £60.

The brilliant uncirculated version, being produced in an unlimited run, can be snapped up for just £10.

However, people do not have to pay to get hold of a Brexit coin as from Friday standard versions of the coin will also enter circulation across the UK.

READ MORE: German finance minister: 'No negative effects' from Brexit on Europe

Around 3 million of the commemorative 50p pieces will enter banks, Post Offices, and shops nationwide from 31 January, with a further 7 million filtering into circulation later in 2020.

Clare Maclennan, director of commemorative coin at the Royal Mint said: “The Royal Mint has been marking significant events in British history for over 1,000 years, and has a history of commemorating the UK’s relationship with the EU through coinage.”

This is not the first time the Royal Mint has made commemorative coins to observe milestones in the UK’s relationship with the European Union.

A coin was produced in 1973 to mark the UK becoming part of the European Economic Community, a new design was released for the single market in 1992, and a commemorative coin was also produced to mark the UK’s 25th anniversary of joining the EU in 1998.

A two-coin set priced at £30, featuring the original 1973 50p coin alongside the commemorative 50p coin marking the UK’s withdrawal from the EU, will also be available from the Royal Mint from Friday.

Members of the public will have the opportunity to strike their own Brexit coin and tour the Royal Mint in South Wales as it opens for 24 hours on Friday.

The tours on 31 January have already sold out, but people can visit to strike their own coins until 12 February.

READ MORE: Trump looks forward to ‘tremendous’ post-Brexit trade deal with UK

The Royal Mint said a limited number of gold sovereigns featuring a portcullis privy mark will be also be struck on the day and will be available to buy for £800.

The Brexit coins were originally planned for 29 March, 2019 but the delay to Brexit scuppered these plans. They hadn’t yet been minted when the Brexit deadline was pushed back to 31 October 2019.

About 1 million coins stamped with the 31 October date were minted before Brexit was again delayed. These coins, ordered by chancellor Sajid Javid, had to be melted down and recycled by the Royal Mint after the delay.