Source · Select Committees · Public Accounts Committee
Recommendation 21
21
The Mint’s UK coin production has reduced by 65% over the last ten years, from...
Conclusion
The Mint’s UK coin production has reduced by 65% over the last ten years, from about 1.1 billion coins made in 2010–11 to 383 million in 2019–20. This reflects the overall fall in production demand over the period, although production volumes increased in some years, for example between 2012 and 2016 with the issue of new 5p, 10p and £1 coins replacing stock already in circulation.50