This is everything we know about the new Brexit 50p coin

Millions of new 50p coins may be minted and released into circulation (Photo: Shutterstock)Millions of new 50p coins may be minted and released into circulation (Photo: Shutterstock)
Millions of new 50p coins may be minted and released into circulation (Photo: Shutterstock)

Millions of new 50p coins may be minted and released into circulation to mark the UK’s departure from the European Union.

Chancellor Sajid Javid is drawing up plans for the coins to be released in time for the planned leave date on 31 October, according to The Telegraph.

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Limited edition coins

Chancellor Javid, who is also Master of the Mint, has asked officials whether it will be possible to produce the commemorative coins in time for the October deadline.

The Chancellor is drawing on plans that were first outlined by his predecessor, Phillip Hammond, who asked for 10,000 limited edition coins to be minted. The commemorative coins were to be sold to collectors for £10 each.

The move is intended to be seen as a statement of intent that the Treasury is fully committed to the UK leaving the EU by the end of this year.

The commemorative coins are to be released in time for the planned leave date on 31 October (Photo: HM Treasury)