One penny coins back in production with over 88 million made by Royal Mint last year

One penny coins back in production with over 88 million made by Royal Mint last year

One penny coins were back in production in 2020 for general circulation, after two years when none were made. Royal Mint figures showed over 88 million new 1p coins were minted last year, well below the levels seen before the pause. COVID-19 lockdowns meant many people did not spend coins and the Mint had to produce some to use in the UK economy. However, no new £2 coins have been made since 2016, and the last time the Mint made new 2p coins was 2017. The Mint has previously indicated it had no plans to resume production of those two coins for 10 years because of the current mountain that exits and the lack of demand. Overall last year, more than 338 million coins were minted - including over 66 …
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