Mint Edition Issue 6
Mint Edition Issue 6
| ISSUE 6
04 The Coronation of
His Majesty The King 06 The House of Windsor
08 Trial of the Pyx
We are delighted to reveal our UK coin Explore this enduring dynasty as King Charles III Discover the traditions behind the Trial of
collection commemorating His Majesty’s follows his predecessors’ footsteps. the Pyx and the coinage highlights from
coronation on 6 May 2023. this year’s ceremony.
16 What’s in a Name?
17 Mint Matters
18 2023 Annual Sets
How did some of the most popular pre-decimal From heritage crafts to modern money fairs, Commemorating milestone moments in
coins acquire their quirky nicknames? read the latest from the world of minting. Britain’s history, this year’s sets feature the
official coinage portrait of King Charles III.
2 M AY 2 0 2 3 E D I T I O N
Welcome to
Mint Edition
“This copy of Mint Edition signals a time of transition at The Royal Mint as we
end an era of service to Her Late Majesty Queen Elizabeth II and move towards
commemorating a new reign. As The Royal Mint, we have been striking coins
on behalf of the British monarchy since the reign of Alfred the Great. We are
proud to be striking the coins that will mark the coronation of King Charles III
in May; it is such an important moment in history and one that will bring the
country together in celebration.
“We are one of the world’s most innovative as Gordon Summers, our Chief Engraver. We have also included some simple steps to
mints but at The Royal Mint we are very careful Ensuring the transfer of these ancient skills is help optimise your savings and investments,
to preserve the craftsmanship that has built a passion that I know we share with The King. and information on our premium Account
our reputation over more than 1,100 years. Management service. There really is something
Earlier this year, I was delighted to announce “I hope you’ll enjoy reading about the new for every interest in this edition! Read on for
a new partnership with Heritage Crafts, releases, such as our eagerly anticipated all the latest news from The Royal Mint.”
funding four bursaries for craftspeople to Annual Sets and Britannia, one of our flagship
benefit from the knowledge and experience coins, which feature the official coinage portrait Anne Jessopp, Deputy Master and
of highly skilled members of our team such of King Charles III for the first time. Chief Executive of The Royal Mint
royalmint.com 3
The Coronation of His Majesty King Charles III
Discover more
4 M AY 2 0 2 3 E D I T I O N
The Coronation of His Majesty King Charles III
The Coronation of
His Majesty King Charles III
In celebration of the coronation of His Majesty The King, we are delighted to release a coin collection
featuring the official crowned coinage portrait of King Charles III. Here, Professor Kate Williams
explores the new Carolean age that began with His Majesty’s accession to the throne.
“His Majesty King Charles III, the first British horticulture and environmental affairs; and and celebrations of independence, including
monarch to be crowned in the twenty-first establishing his own charity to aid young Zimbabwe and The Bahamas. History and
century, will take the monarchy into the future people, The Prince’s Trust. He has also legacy are vitally important to The King.
in what is now the new Carolean era. supported further charities to aid young people He is interested in world culture and religions.
and benefit the countryside and the arts. He has said that he wished to consider the
“The last Carolean era was that of Charles II, role of the monarch as defending all faiths,
restored to the throne in 1660, a time of “… The King advocates for organic farming and advocating for the importance of other
great expansion for the country despite the managed Home Farm, at his Highgrove Estate, religions, whilst also being Supreme Governor
Great Plague and Great Fire of London. on organic principles. In 1990, His Majesty of the Church of England.
Charles II, like King Charles III, was a keen established Duchy Organics to sell food products
scientist and scholar. But King Charles III sold on the Highgrove Estate; the first to go on “The King has spoken repeatedly of the
is a monarch very unlike Charles I, as he sale were oat biscuits. From 1993, The King has importance of continuing The Queen’s legacy
believes in due parliamentary process and voluntarily paid income tax on the proceeds of and – as he said – how he ‘honour[s] her life
has already struck a first for transparency the Duchy. In 2017, he took over the management of service’. … King Charles III has had a long
with the televising of the Accession Council. of the 21,000-acre Sandringham Estate apprenticeship for the throne and spent his
from The Duke of Edinburgh and quickly years as The Prince of Wales developing
“The King has come to the throne after introduced organic farming practices. his charitable and horticultural interests.
more than 70 years as heir apparent and as Now, as he comes to the throne, he reigns
the longest-serving Prince of Wales in history. “… During his time as Prince of Wales, over a new Carolean age, a new monarchy,
In the latter role, His Majesty advocated for His Majesty represented Queen Elizabeth II founded on continuing his mother’s legacy
many causes, particularly architecture and at home and overseas, attending the funerals of of service, as Britain moves into the future.”
the built environment; organic farming, foreign dignitaries as well as commemorations
royalmint.com 5
The House of Windsor
The House
of Windsor
The House of Windsor came into being in 1917, when the British Royal Family took
‘Windsor’ – the name of the castle that had been a royal home for centuries –
as its official name, replacing the historic name of Saxe-Coburg-Gotha.
6 M AY 2 0 2 3 E D I T I O N
The House of Windsor
Facing Tradition
Each time a new monarch accedes to the King Charles III faces to the left on his way as that of his predecessor, George V.
British throne, their coinage portraits face coinage, as Queen Elizabeth II faced right Only a handful of trial pieces were struck
in the opposite direction to that of their on the coins of her reign. featuring the effigy, making them incredibly
predecessor. The reason for this is not certain rare, and coins were never issued featuring
but it may have begun during the reformation The coinage of Edward VIII is the only Edward VIII’s portrait. As a result, coins of
because Charles II wanted to ‘turn his back’ exception to this tradition. The king insisted his successor, George VI, face left, as if those
on Oliver Cromwell. The long-standing that his portrait show his favoured left side, of Edward VIII had been issued according
tradition continues to this day, therefore so his coinage portrait faced the same to tradition.
royalmint.com 7
Trial of the Pyx
During the twelfth and thirteenth centuries, Today, the Trial of the Pyx takes place at
the quality of Britain’s coinage came under Goldsmiths’ Hall, where the Worshipful
scrutiny. For every ten pounds of silver Company of Goldsmiths oversees the
minted, the then Master of the Mint was proceedings. With its high ceilings, dark
ordered to put aside a coin to be tested every wood panelling and marble staircases,
three months. Sealed in wooden ‘pyx boxes’, the Hall provides an appropriate home
the coins were ready for testing. for an event as prestigious as the Trial of
the Pyx. Each year, the exact number of
Edward I issued a writ declaring these coins taken to the Trial varies depending
pyx trials were to be carried out every on the number of coins produced
year. Subsequent monarchs honoured that year.
his instruction, and the Trial of the Pyx
was one of several historic ceremonies In recent years, we have made a limited
upheld by Queen Elizabeth II during her number of coins assessed by the jurors
unparalleled reign. available to the public, providing them
with the opportunity to own a special part
Another of these traditions – one of of numismatic history. These coins may
the most memorable numismatic royal feature fingerprints or slight nicks from
traditions Queen Elizabeth II participated their handling at the Trial of the Pyx,
in – was the giving of Maundy money. but these only add to their status as coins
Royal participation in the Maundy that have played an instrumental part in
ceremony dates back to at least the our history and traditions.
thirteenth century, though the first silver
Maundy coins were produced in 1662
for Charles II.
8 M AY 2 0 2 3 E D I T I O N
Trial of the Pyx
Discover more
royalmint.com 9
Trial of the Pyx
10 M AY 2 0 2 3 E D I T I O N
Introducing the New King’s Assay Master
A role that has existed for hundreds of years, Technical Manager Daniel Thomas has been “It is an honour to be appointed to the role
an Assay Master serves the reigning monarch appointed Deputy Assay Master and will of King’s Assay Master, which ensures the
and ensures the integrity of British coinage. support Paul in his new role. They will both integrity of The Royal Mint’s products and
As we continue to evolve as a business, this fully take on their new roles from April 2023. is as important today as it was in the time
position is rooted in the heritage and tradition of Sir Isaac Newton. I look forward to
that underpins our reputation. Both Graeme Smith and Paul Morgan bringing my 30 years of experience at
attended the 2023 Trial of the Pyx ceremony at The Royal Mint to the position, with the
Previously Head of Coin Design, Paul Morgan Goldsmiths’ Hall, which marked Graeme Smith’s support of Daniel Thomas who brings
now takes on this centuries-old role following final duties before handing over his a wealth of technical experience across
a 30-year career at The Royal Mint. responsibilities as Assay Master. currency and precious metals.”
royalmint.com 11
Britannia
Cast as the female personification of Britain a trident for her connection to the sea. adding sophisticated new anti-counterfeit
for centuries, the icon has evolved through These elements have been enhanced with measures. By focusing on the natural
the ages. First appearing on the coins of the four design features that make it easier than reflection of the metal and using
Roman Emperor Hadrian, Britannia has been ever to authenticate and liquidate Britannia advanced new technology, we have
a continuous presence on British coins since bullion coins. Increasing trust amongst created a unique and highly safe coin
1672 and the reign of Charles II. Now, at the investors and institutions, these additional that gives customers complete confidence.”
beginning of the reign of King Charles III, features make the coin difficult to counterfeit.
this icon appears on a modern, highly secure Gordon Summers, Chief Engraver
coin that many recognise as the leader in The 2023 Britannia bullion coin range marks at The Royal Mint
bullion security. an iconic moment in modern British history,
as the obverse of each coin features the first The widely recognised design is highly regarded
Renowned for its beauty and reliability, definitive coinage portrait of King Charles III, and only The Royal Mint can strike Britannia
the 2023 edition of the Britannia bullion coin designed by Martin Jennings. coins featuring Philip Nathan’s interpretation
features a design by sculptor Philip Nathan of the icon. Due to their investment grade
from 1987. His depiction shows Britannia “Britannia is one of our most iconic and status, and position as legal tender, gold
with carefully chosen symbols – a shield for enduring designs, so it was vital we bullions coins are VAT and Capital Gains
protection, an olive branch for peace and retained the beauty of the coin whilst Tax exempt for UK residents.
12 M AY 2 0 2 3 E D I T I O N
Britannia
F O U R D E S I G N F E AT U R E S,
ONE SECURE COIN
LETTERING
Micro-text spells out the words
‘DECUS ET TUTAMEN’, which
means ‘An ornament and a safeguard’.
B A C KG R O U N D
Surface animation creates a wave motion
behind Britannia when the coin is moved.
SHIELD
Smooth lines create the light and dark
tones of the UK flag on Britannia’s shield.
IMAGE
A latent image switches between a trident
and a padlock when the coin is rotated.
royalmint.com 13
Maximise Your Money
Looking After
Your Finances
in the New
Tax Year
The last 12 months have been financially challenging, with pressure
on household budgets often resulting in there being little left over
for savings. At the start of a new tax year, Toby Osborne, Head of
Wealth Management at The Royal Mint, shares some smart saving
options that could potentially help you to maximise every penny.
1. 2.
Complete your tax Understand Capital Gains Tax
return early
If you invest in assets such as paintings,
Although you have until 31 January 2024 to antiques and property (other than your main
file your 2022–23 self-assessment tax return, home), you may be liable to pay Capital Gains
filing early will tell you how much you owe, Tax (CGT) on any profit made from sales over
enabling you to budget accordingly, and ensure £6,000 in the tax year 2023–24. However,
you are on the right tax code. If you are bullion coins made by The Royal Mint are
a higher rate taxpayer, you may also be able exempt from CGT as they are legal tender.
to claim relief on pension contributions.
3. 4.
Build a nest egg Claim your working Disclaimer: the contents of this article, which are
from home allowance accurate at the time of publishing, are for general
Saving even £25.00 per month can help build information purposes only, and do not constitute
investment, legal, tax, or any other advice. Before
up a welcome nest egg and there are many If your employer requires you to work from
making any investment or financial decision, you
ways to save from the comfort of your home. home for all or part of the week, you may be may wish to seek advice from your financial, legal,
Digital gold savings plans allow you to buy and able to claim tax relief for work-related expenses tax and/or accounting advisers.
sell bullion at the push of a button, whilst our such as heating bills and business phone calls.
*Please note, you cannot generally claim tax relief
Britannia and Sovereign savings plans enable Keep a tally of exact costs or claim a flat rate of
for work-related expenses if you choose to work at
you to give a stunning coin collection as a gift. £6.00 per week; the relief should be based on home, or for dual work and home expenses such
the rate at which you pay tax.* as broadband.
14 M AY 2 0 2 3 E D I T I O N
Account Management Service
We believe in recognising loyalty, which is a dedicated account manager at a time that is broad product offering, from physical bullion
why we offer exclusive support at the time you convenient for you. There is no obligation to to Gold for Pensions, whilst providing key
need it. Our dedicated account managers build sign up, and there are no membership fees or market insight in an ever-changing precious
one-to-one relationships that last, guiding and hidden costs. metals landscape.”
keeping you up to date with exciting offers and
special events. “Our account managers are always pleased Toby Osborne, Head of Wealth Management
to discuss your investment requirements at at The Royal Mint
Simply contact our Customer Services team on a time that suits you. They are equipped to
0800 032 2154 and we will arrange a call from find a solution that works for you across our
royalmint.com 15
What’s in a Name?
What’s in a Name?
Over the centuries, some of the most popular pre-decimal coins acquired
unusual names. Our fascinating new coin series, themed around coins
and their nicknames, delves into the obscure history behind these quirky
terms and how they entered our everyday language.
Threepence Sixpence
Many knew the threepence as a ‘thrupenny The sixpence acquired the friendly nickname
bit’; others called it a ‘joey’. It seems ‘joey’ ‘tanner’, but how this came about is something
was originally a term for the silver fourpence, of a mystery. Some attribute it to John
which the radical politician Joseph Hume Sigismund Tanner (1705–75), a former
reintroduced in the 1830s, as he wanted more Chief Engraver of The Royal Mint who
small change in circulation. This angered cab engraved sixpence tooling during the reign
drivers, as receiving the exact fare meant they of George II (r. 1727–60). Another theory is
couldn’t pocket a tip. When the fourpence was that the name comes from the Anglo-Romani
demonetised, the nickname appears to have word ‘taw no’ meaning ‘small one’.
transferred to the threepence.
Shilling Florin
Over time, the shilling became known as a ‘bob’, Edward III attempted to introduce a gold florin
although the nickname’s origin remains a mystery. in 1344, taking the name from the ‘fiorino
It could have been derived from ‘bawbee’, d’oro’, an Italian gold coin used by merchants
slang for a Scottish halfpenny, and there have throughout Western Europe. Intended for the
been attempts to link its name to the famous same purpose, it was underweight for its value
politician Sir Robert Walpole. However, it seems of six shillings and was quickly withdrawn from
more likely that the coin’s nickname came from circulation. Inspired by Dutch and Austrian
the underground world of counterfeiting in florins, the silver florin that appeared in the
which it had become a common slang term by mid nineteenth century had no connection to
the early nineteenth century. the earlier gold coin.
16 M AY 2 0 2 3 E D I T I O N
Mint Matters
Mint Matters
royalmint.com 17
2023 Annual Sets
The Royal Mint’s Annual Sets are highly and the Commonwealth citizens who helped Travel back to the great age of steam
anticipated every year. This year, marking rebuild the country in its time of need. with a coin featuring a reverse design by
a new chapter in numismatic history, each John Bergdahl that commemorates the
coin features the official coinage portrait of We celebrate the legacy of the man behind 100th anniversary of Flying Scotsman,
King Charles III designed by Martin Jennings. works such as The Hobbit and The Lord of the most famous locomotive in the world,
You can also celebrate The King’s upcoming the Rings, acclaimed writer JRR Tolkien, which still operates today.
75th birthday with a numismatic tribute that with a fittingly magical reverse design by
features both an obverse and reverse design David Lawrence. Each commemorative coin that features
personally approved by His Majesty. in the 2023 Annual Sets will be released
A much-loved British institution since 1948, individually throughout the year.
Seventy-five years after first arriving in the UK, the NHS (National Health Service) celebrates
we honour the legacy of the Windrush generation. its 75th anniversary in 2023, marking 75
Designed by Valda Jackson, the reverse of the years of healthcare for all, centred on care,
coin represents the bond between the UK compassion and devotion.
Code: Price:
DUC23 £50.00
18 M AY 2 0 2 3 E D I T I O N
2023 Annual Sets
Code: LEP:
UK23FSGP 300
Price: MCM:
£1,225.00 660
Made for a
2023 UK £2 BRILLIANT
UNCIRCUL ATED COLOUR COIN
Memorable
Code: LEP:
UK23FSBC 15,000
Price: MCM:
Journey
£21.00 Unlimited
Designed by John Bergdahl, the reverse of the Science Museum Group, you can discover
the coin captures the famous locomotive that and pay tribute to Flying Scotsman, whose The Centenary of Flying Scotsman
broke railway records and continues to stand popularity has endured with the British 2023 UK £2 BRILLIANT
the test of time. Produced in partnership with public and railway enthusiasts alike. UNCIRCUL ATED COIN
Code: LEP:
UK23FSBU Unlimited
Price: MCM:
£12.00 Unlimited
royalmint.com 19
A Spellbinding
Coin Collection
Join us in celebrating 25 years of Harry Potter magic with a captivating
four-coin collection. All four coins have a special design feature: REGISTER NOW
a lightning bolt and the number ‘25’ can be seen by tilting the coin.
This unique collection features definitive coinage portraits of both
Queen Elizabeth II and King Charles III.
Online Freephone
royalmint.com 0800 03 22 152
Use the code D2449 for free delivery on orders over £45.00 (Lines open Monday–Friday 9am–6pm, Saturday 9am–3pm)
Code valid until 30 June 2023
Coins shown are not actual size. Full specifications are available on request. Packaging may change without notice. All products listed in this publication are limited edition presentations and subject to availability.
Prices may change due to fluctuations in raw material prices. Limited Edition Presentation (LEP) is the maximum number of coins or sets of coins, presented in this specific style, that will be issued.
Maximum Coin Mintage (MCM) is the maximum number of coins that will be issued.
C E L E B R AT E | C O L L E C T | I N V E S T | SECURE | DISCOVER