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Royal Mint - Cupro Nickel Replacement Programme

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kena's Avatar
United Kingdom
1684 Posts
 Posted 01/20/2013  08:09 am Show Profile   Bookmark this topic Add kena to your friends list Get a Link to this Message Number of Subscribers
From The Royal Mint web site:

"In January 2013, The Royal Mint will begin a programme to recover cupronickel five pence and ten pence coins from circulation.

All new five pence and ten pence coins have been made from nickel-plated steel since January 2012 and to date 330 million nickel-plated steel coins have been issued into circulation.

This programme will recover the metal alloy contained in the old specification coins. The value of the metal in both the cupronickel and nickel-plated steel coins is still less than their face value.

HM Treasury and The Royal Mint will continue to ensure that there are enough coins, of the right denominations, to meet public demand. This programme will not affect the number of coins in circulation, and coins made of cupronickel alloy will continue to be legal tender.

No action is needed from the general public or operators of coin-accepting equipment as a result of this programme. If owners of coin-accepting equipment have not adapted their equipment to accept nickel-plated steel coins and wish to do so, The Royal Mint can offer advice on this process.

Similar programmes have successfully been adopted and implemented internationally.

For further information regarding the programme or for advice or information about nickel-plated steel coins, please contact enquiries@royalmint.com."

I find this rather interesting since I have not yet seen a 2012 10 pence coin, just the 2011 10 pence coin with the metal change.

Seen plenty of the new metal 5 pence coins from 2011 and 2012.

Ken
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Coinaholic73's Avatar
United Kingdom
298 Posts
 Posted 01/20/2013  10:58 am  Show Profile   Bookmark this reply Add Coinaholic73 to your friends list Get a Link to this Reply
You would have thought they would recover the 1p & 2p bronze coins too.
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kena's Avatar
United Kingdom
1684 Posts
 Posted 01/20/2013  1:38 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
Maybe thay are since when you look the figures from The Royal Mint web site, you can find the following information

Coins which are in circulation:
http://www.royalmint.com/discover/u...tage-figures

Coins which have been issued:
http://www.royalmint.com/discover/u...penny-issued

In 1992, they switched to steel cores for both coins.

Date Issued 2 Pence Issued 1 Pence
1992 102,247,000 253,867,000
1993 235,674,000 602,590,000
1994 531,628,000 843,834,000
1995 124,482,000 303,314,000
1996 296,278,000 723,840,060
1997 496,116,000 396,874,000
1998 115,154,000 739,770,000
1999 353,816,000 891,392,000
2000 536,659,000 1,060,420,000
2001 551,880,000 928,698,000
2002 168,556,000 601,446,000
2003 260,225,000 539,436,000
2004 356,396,000 739,764,000
2005 280,396,000 536,318,000
2006 170,637,000 524,605,000
2007 254,500,000 548,002,000
2008 10,600,000 180,600,000
2008 241,679,000 507,952,000
2009 150,500,500 556,412,800
2010 99,600,000 609,603,000
2011 93,900,000 210,404,000

Total Issued 5,430,923,500 for 2 pence and 12,299,141,860 for 1 pence.

In Circulation 6,637,000,000 for 2 pence and 11,300,000,000 for 1 pence.

No idea how they reach the in circulation figure but seems to imply that bronze 2 pence are out there and that both bronze and steel 1 pences have been removed from circulation.

Maybe James from The Royal Mint could shed some light on this.

Ken
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Pertinax's Avatar
United Kingdom
2135 Posts
 Posted 01/20/2013  1:55 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
The old larger 5p, 10p and 50p coins contain around 70% more cupro-nickel than the current ones.

If it's worthwhile their extracting the current coins, why aren't they offering to accept the older ones at face value ?

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