A commemorative 50p ‘Brexit Coin’, minted to mark the Brexit date of October 31st 2019, is set to be recycled by The Royal Mint, after the European Union granted a three-month extension.
However, new coins will be produced to mark the new date, where Britain will leave the EU. A Treasury spokesman said a coin “will enter circulation after we have left” the EU.
According to the Royal Mint website, precious metals are recycled by being sorted and shredded before being melted down.
Up to 10 million coins had been produced with the phrase “Peace, prosperity and friendship with all nations. 31 October 2019” – will now be melted down, purified and then re-solidified into new coins.