Coinage Act 1971 (c. 24)

(1) The following provisions of this section have effect with respect to coins made at the Mint. (2) Gold coins and coins of silver of the Queen’s Maundy money shall, if of a denomination mentioned in Schedule 1 to this Act, be of the weight and fineness specified there, but in the making of the coins a remedy (that is, a variation from the standard weight and fineness so specified) shall be allowed of an amount not exceeding that specified in that Schedule. (3) Gold coins and coins of silver of the Queen’s Maundy money shall, if of any other denomination, be of such weight and fineness as may be specified in a proclamation under section 3 of this Act. (4) Coins other than gold coins and coins of silver of the Queen’s Maundy money shall be of such weight, composition and dimensions as may be specified in a proclamation under that section. (5) In the making of the coins to which subsections (3) and (4) above apply, such remedy shall be allowed as may be specified in the proclamation. (6) The variation from the standard weight of any coin F2 ... specified for that coin in accordance with this section [ F3 shall be measured in accordance with provision made by proclamation under section 3 ] . (7) In subsection (5) above “ remedy ”means— (a) in relation to gold coins and coins of silver of the Queen’s Maundy money, a variation from the standard weight and fineness specified in the proclamation of an amount not exceeding that so specified; (b) in relation to other coins, a variation from the standard weight, composition or dimensions so specified of an amount not exceeding that so specified. ] Textual Amendments F1 S. 1 substituted by Currency Act 1983 (c. 9, SIF 10) , s. 1(1) F2 Words in s. 1(6) omitted (31.1.2012) by virtue of Coinage (Measurement) Act 2011 (c. 17) , ss. 1(1)(a) , 2(2) F3 Words in s. 1(6) substituted (31.1.2012) by Coinage (Measurement) Act 2011 (c. 17) , ss. 1(1)(b) , 2(2)

[ F4 (1) Gold coins shall be legal tender for payment of any amount, but shall not be legal tender if their weight has become less than that specified in Schedule 1 to this Act, or in the proclamation under which they are made, as the least current weight. (1A) Subject to any provision made by proclamation under section 3 of this Act, coins of cupro-nickel, silver or bronze shall be legal tender as follows— (a) coins of cupro-nickel or silver of denominations of more than 10 pence, for payment of any amount not exceeding £10; (b) coins of cupro-nickel or silver of denominations of not more than 10 pence, for payment of any amount not exceeding £5; (c) coins of bronze, for payment of any amount not exceeding 20 pence. (1B) Other coins, if made current by a proclamation under section 3 of this Act, shall be legal tender in accordance with the provision made by that proclamation or by any later proclamation made under that section. ] (2) References in [ F5 subsection (1A) ] of this section to coins of any denomination include references to coins treated as being of such a denomination by virtue of a proclamation made in pursuance of section 15(5) of the M1 Decimal Currency Act 1969; and silver coins of the Queen’s Maundy money issued before 15th February 1971 shall be treated for the purposes of this section as being denominated in the same number of new pence as the number of pence in which they were denominated. [ F6 (3) In this section “ coins ”means coins made by the Mint in accordance with this Act and not called in by proclamation under section 3 of this Act. ] Textual Amendments F4 S. 2(1)(1A)(1B) substituted by Currency Act 1983 (c. 9, SIF 10) , s. 1(3)(a) F5 Words substituted by Currency Act 1983 (c. 9, SIF 10) , s. 1(3)(b) F6 S. 2(3) inserted by Currency Act 1983 (c.9, SIF 10) , s. 1(3)(c) Marginal Citations M1 1969 c. 19 .