The Royal Mint is entrusted by Her Majesty’s Treasury to strike the official coinage of the United Kingdom.
The actual demand for coins issued into circulation is determined by demand from UK banks and Post Offices. We then respond by issuing coins on behalf of HM Treasury who ultimately decide how many new coins are issued into circulation. In the event that more stocks of UK coins are required to meet demand, we would seek approval to produce more.
The overall volume of coins issued and the denominational mix (10p’s / 20p’s etc) issued into circulation varies year on year. Depending on the stocks held and the forecast demand, we plan production accordingly.
In the first instance, coins are issued to cash centres and end up in your pockets via bank branches, the retail industry, the vending industry, pubs and car parks.