ROYAL MINT REDUCES COIN PRODUCTION

No new 1p and 2p coins were produced by the Royal Mint last year.

It is the first time in decades that it stopped making the coins, as the Treasury said there were already enough in circulation.

There are an estimated 10.5 billion 1p coins and around 6.3 billion 2p coins in use across the UK.

The government said it is not changing the mix of coins and notes, and it is not phasing copper coins out.

The last year that no 1p coins were produced was 1972.

For 2ps, the last year the UK went without new ones was 1984.

In some years there are enough of a certain coin value in circulation so there is no need to produce any more.

The Treasury said no £2 coins were produced either last year, because "there are already enough".

David Pickup adds:

To read the complete article, see:
Royal Mint: No new 1p coins made for first time in decades (https://www.bbc.com/news/uk-49275300)

Dick Hanscom passed along a Daily Mail article:
Has the penny dropped? MPs warn against scrapping historic 1p coin 'by stealth' after the Royal Mint produced NONE last year for the first time in nearly FIVE DECADES (https://www.dailymail.co.uk/news/article-7327347/Royal-Mint-produced-NO-1ps-2ps-year-time-EVER.html)

	NBS (coinbooks.org) Web