No new £2 or 2p in circulation for 10 years!

[Paddy 1,874]

Interesting article o the minting of £2 and 2p coins from the Royal mit, as well as a discussion on the future of cash versus digital currency:

https://www.bbc.com/news/business-54196300

It seems the Royal Mint has huge stockpiles of coins ready for issue - which explains why no new £2 designs have made it into circulation in the last few years and why we occasionally get a glut of older issues in brand new condition.

 

[1949threepence 3,368]

8 hours ago, Paddy said:

Interesting article o the minting of £2 and 2p coins from the Royal mit, as well as a discussion on the future of cash versus digital currency:

https://www.bbc.com/news/business-54196300

It seems the Royal Mint has huge stockpiles of coins ready for issue - which explains why no new £2 designs have made it into circulation in the last few years and why we occasionally get a glut of older issues in brand new condition.

 

The 2p I can understand. Not so sure about the £2.

I would have thought the 1, 2, 5 & 10. 

[Stuntman 264]

Do you take the article to mean that the Royal Mint has produced lots of new £2 coins over the past few years, but which haven't been released into circulation?
That's how I'm reading it.  Otherwise, how would they know that there is a stockpile of 26 times the target?

If so - just allow collectors to buy them for £2, especially if they are post 2016 designs please 🙂

[Paddy 1,874]

That's exactly how I read it, and it is born out by experience. Around here there has been a glut of the 2016 Shakepeare History coin - all brand new and uncirculated.

Unfortunately I suspect the ones they produced for packet-only were in much smaller numbers and went straight into wrappers, so I don't foresee them coming into general circulation any time soon.

 

[Peckris 2 2,206]

12 hours ago, Paddy said:

Interesting article o the minting of £2 and 2p coins from the Royal mit, as well as a discussion on the future of cash versus digital currency:

OMG. You mean She does it herself, by hand?

[copper123 1,560]

Bet the royal mint actually increases its production of £2 commems at £10 a pop

Theres always someone who want to fill a gap.