New 50p Brexit coins on hold due to Brexit delay
The EU has signalled it would once again delay the UK’s departure, prompting the Treasury to order the Royal Mint to pause production of the coins with “31 October 2019” written on.
About 1,000 already-minted coins showing the date could be worth up to £800 each, despite the 50p face value. Treasury officials refused to say whether the Royal Mint will release the coins into circulation or seek to realise their inflated value by selling them on its website.
A Treasury spokesman said: “We have paused production of the Brexit coin, and will take a final decision in due course.”
Chancellor Sajid Javid had ordered 3 million of the coins to be made ready for the end of the month with the inscription “Peace, prosperity and friendship with all nations”.
Underneath the inscription, the Mint placed the historic date the UK is supposed to leave the EU: 31 October 2019. The coins were originally supposed to have the 29 March 2019 date inscribed on them.
The Treasury also announced today that the Budget scheduled for 6 November has been scrapped due to Brexit delays and a potential General Election.