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The Royal Mint FAQ

How Do New Coins Get to the Banks?

Over 26,000 million coins are estimated to be in circulation in the United Kingdom. The Royal Mint issues new coins to a small number of cash centres which are operated on behalf of the major banks and post offices. These cash centres, in turn, distribute coins to local branches of banks and post offices in order to satisfy demand from business customers and members of the public.

If demand for a particular denomination can be met from stocks of coins held within the banking sector, then the banks will not need to draw new coins from The Royal Mint. If, on the other hand, new coins are required and The Royal Mint holds stocks of previous years' dated coins then these are placed into general circulation before the current year dated coins are released.

Do I Receive Any Confirmation Once I Have Placed an Order?

Yes. Once you have entered details such as your name, delivery address and method of payment, and confirmed your order, we will send you an e-mail confirming receipt of your order. This confirmation is to acknowledge receipt of your order and does not guarantee fulfilment of the order.

Do I Need to Register With the Royal Mint As a New Customer to Shop Online?

You can browse our website without the need to register. If you decide to purchase a product from the website you will need to register to complete your order.

When you register we will set up a Royal Mint account for you and provide you with a customer code. To register you will need to provide personal details such as name, address and e-mail address, and you will be required to choose a unique password; this will allow you, and only you, to access your personal details.

Once you've registered with us, you only need to 'Sign in' next time you shop to use your saved personal details.

Does the Royal Mint Produce Bank Notes?

The Royal Mint is only responsible for the issue of the United Kingdom coins. Any enquiries relating to banknotes should be referred to the Bank of England at the following address:

Public Enquiries Dept
Bank of England
Threadneedle St

What are the Legal Tender Amounts Acceptable for the United Kingdom Coins?

Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation.

Both parties to a transaction are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender transaction it is necessary, for example, to offer the exact amount due because no change can be demanded.

Can I Use Commemorative Crowns As Ordinary Coins? Why are Some Of Them Worth More Than Others?

These coins, as the name suggests, are issued to commemorate special occasions of national importance usually, but not exclusively, royal in theme. They are intended to be souvenirs rather than ordinary circulation coins and are consequently seldom found in everyday circulation.

Traditionally crowns had a face value of 25p (or 5 shillings prior to decimalisation in February 1971). In 1990 the face value was increased to £5 to give the coin a value consistent with its weight and size in relation to those of in the then current range of coins.

Each crown issue is authorised by Royal Proclamation in accordance with the requirements laid down by the Coinage Act 1971. This means that - in common with other coins in general circulation - a crown has legal tender status.

Most people would not wish to exchange a crown piece, but in recognition of the fact that some people may wish to do so, some post offices have agreed to accept crowns in exchange for goods and services.

Does the Royal Mint Buy Coins and Medals From the General Public?

Royal Mint Bullion offers you the flexibility to sell your gold, silver or platinum bullion coins and bars to us at competitive rates, based on live precious metal market prices. The gold, silver or platinum which you sell to us does not have to be produced by The Royal Mint as we will gladly accept enquiries regarding coins and bars from other mints and refineries around the world.