Britannia rules on UK silver £50 coin available at face value

Royal Mint issues first £50 for £50 silver coin, honoring Britannia
By , Coin World
Published : 12/04/15
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The Royal Mint is expanding its series of silver coins available at face value, with a new denomination.

The mint on Nov. 30 announced the first “£50 for £50” coin, which pairs two iconic figures by one designer. The £50 coin features Jody Clark’s image of Queen Elizabeth II on the obverse, and his contemporary figure of Britannia with a British lion at her side is depicted on the reverse. 

Clark’s design for the fifth effigy of the queen first appeared on United Kingdom coinage earlier this year. 

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The first coin in the Royal Mint’s face value range, the £20 for £20 coin for the birth of Prince George of Cambridge in 2013, sold out within days, and the £100 for £100 Big Ben coin was another sellout in December 2014. Also part of the program are a £20 coin honoring Sir Winston Churchill, a £20 coin marking the queen’s tenure as the longest reigning British monarch, and a £100 coin showing Buckingham Palace. 

Clark used multiple images as resources when creating his effigy of the queen.

“The queen hasn’t aged that much since Ian Rank-Broadley created the last effigy, so I made some key changes that would make the new portrait stand out in its own right. The regalia I chose was key; I included the crown that her majesty wore at her coronation,” he said, via a press release.

Clark’s Britannia design is a contemporary take on the classic symbol of Britain, reuniting Britannia with the British lion, a pairing from plaques commemorating the soldiers of World War I.

The Brilliant Uncirculated .999 fine silver £50 coin weighs 31 grams and measures 34 millimeters in diameter. It has a mintage limit of 100,000 pieces and comes attached to a colorful card.

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Older Comments (1)
Our first delivery of these arrived today. They look good. We will be taking photographs on Monday.
There are a few questions I have over the whole series of "face value" silver coins, such as this. With silver content value under £10, the total production cost is probably under £10. Who keeps the £40 per coin profit? Is it the Royal Mint, or the Treasury (owners of the Royal Mint)? What happens when people want to cash them in? Most banks don't want to accept similar coins, post offices might. Would the Royal Mint take them back? If so, how do owners ship them there, at what cost. I don;t expect to get clear answers to these questions from the Royal Mint, who would probably prefer me not to have raised them.