Twenty pence (British coin) explained

Country:United Kingdom
Denomination:Twenty pence
Value:£0.20
Mass:5.0
Diameter:21.4
Thickness:1.7
Edge:Plain
Composition:Cupro-nickel (1982–present)
Years Of Minting:1982–present
Obverse Design:Queen Elizabeth II
Obverse Designer:Jody Clark
Obverse Design Date:2015
Reverse Design:Segment of the Royal Shield
Reverse Designer:Matthew Dent
Reverse Design Date:2008

The British decimal twenty pence coin (often shortened to 20p in writing and speech) is a denomination of sterling coinage worth of a pound. Like the 50p coin, it is an equilateral curve heptagon.[1] Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 9 June 1982.[1] Four different portraits of the Queen have been used; the latest design by Jody Clark was introduced in 2015. The second and current reverse (as of 2019), featuring a segment of the Royal Shield, was introduced in 2008.[1]

As of March 2014 there were an estimated 2,765 million 20p coins in circulation, with an estimated face value of £553.025 million.[2] Of this estimated number, between 50,000 and 200,000 of these coins are undated mule coins minted in 2008 after the dies for the old and new designs were accidentally mixed up during the minting process.

Beyond the usual commemorative versions, no 20 pence coins were minted for general circulation in 2017. This was because the concurrent introduction of the new version of the one pound coin had put enough 20 pence (and two pound) coins back into circulation, as people emptied coin jars primarily for the older one pound coin that was due to be withdrawn.[3]

20p coins are legal tender for amounts up to the sum of £10 when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions.

Design

The original reverse of the coin, designed by William Gardner, and used from 1982 to 2008, is a crowned Tudor rose, with the numeral "20" below the rose, and TWENTY PENCE above the rose.

To date, three different obverses have been used. On coins minted before the 2008 redesign, the inscription is .[4] Coins minted after the 2008 redesign also have the year of minting on the obverse.

Like all the new decimal coins introduced in 1971, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse,[5] in which the Queen wears the 'Girls of Great Britain and Ireland' Tiara.

Between 1985 and 1997 the portrait by Raphael Maklouf was used, in which the Queen wears the George IV State Diadem.

From 1998 to 2015 the portrait by Ian Rank-Broadley was used, again featuring the tiara, with a signature-mark below the portrait.

As of June 2015, coins bearing the portrait by Jody Clark have been seen in circulation.

In August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin.[6] The winner, announced in April 2008, was Matthew Dent, whose designs were gradually introduced into the circulating British coinage from mid-2008.[7] The designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The shield in its entirety was featured on the now-obsolete round £1 coin. The 20p coin depicts the meeting point of the second and fourth quarter of the shield, showing the lions rampant of Scotland and the lions passant of England. The date no longer appears on the reverse of the coin, and has instead been added to the obverse, where the lettering has been adjusted so as to fit the date in.

In October 2023 the King Charles III twenty-pence coin was presented; the coin features a puffin. [8] [9]

Dateless coin

An unusual accidental dateless version of the 20 pence was reported to be in circulation in June 2009, the first undated British coin to enter circulation in more than 300 years. This was the result of the production of a mule, i.e. a version of the coin with a non-standard combination of obverse and reverse face designs. The fault occurred as a result of the 2008 redesign of UK coinage, which moved the date on a 20 pence from the reverse to the obverse (Queen's head side), and a batch of coins were produced using the tooling for the obverse of the old design and the reverse of the new design. The Royal Mint estimated that between 50,000 and 200,000 entered circulation before the error was noticed. The Royal Mint stated that these coins were legal tender, although due to their rarity they are traded at above face value by collectors. Following publicity about the coins, they were initially traded on eBay for several thousand pounds, although an eBay spokesman was unable to confirm if an accepted winning bid of £7,100 for one coin had actually been transacted.[10] In June 2011 they traded at around £100.[11]

Mintages

Number of twenty pence coins minted for circulation by year[12] ! Year! Number minted! Portrait! Reverse
1982 740,815,000 Machin Gardner
1983 158,463,000
1984 65,350,965
1985 74,273,699 Maklouf
1986 0
1987 137,450,000
1988 38,038,344
1989 132,013,890
1990 88,097,500
1991 35,901,250
1992 31,205,000
1993 123,123,750
1994 67,131,250
1995 102,005,000
1996 83,163,750
1997 89,518,750
1998 76,965,000 Rank-Broadley
1999 73,478,750
2000 136,428,750
2001 148,122,500
2002 93,360,000
2003 153,383,750
2004 120,212,500
2005 124,488,750
2006 114,800,000
2007 117,075,000
2008 11,900,000
115,022,000 Dent
2009 121,625,300
2010 112,875,500
2011 191,625,000
2012 69,650,030
2013 66,325,000
2014 173,775,000
2015 63,175,000
131,250,000 Clark
2016 212,625,000
2017 0
2018 0
2019 125,125,000
2020 32,725,000
2021 19,600,000
2022 42,875,000
Mint Sets have been produced since 1982; where mintages on or after that date indicate 'none', there are examples contained within those sets.

External links


Notes and References

  1. Web site: Twenty Pence Coin. 2015. The Royal Mint Limited. 3 February 2015.
  2. Web site: Twenty Pence mintage figures (20p). Royal Mint. 14 June 2019.
  3. Web site: Why the Royal Mint stopped making 20p coins . Kevin Peachey . BBC News . 10 May 2019 . 2019-05-23.
  4. Web site: Decimal Coins of the UK – Bronze. Tony. Clayton. 2006-05-24.
  5. Web site: 1p Coin. British Royal Mint. 2006-05-23 . https://web.archive.org/web/20060427104248/http://www.royalmint.com/RoyalMint/web/site/Corporate/Corp_british_coinage/CoinDesign/1pCoin.asp . 2006-04-27.
  6. Web site: Royal Mint seeks new coin designs . BBC News . 17 August 2005.
  7. http://www.dofonline.co.uk/economy/royal-mint-unveils-new-uk-coins.html "Royal Mint unveils new UK coins"
  8. https://www.bbc.com/news/business-67091137 BBC
  9. https://www.royalmint.com/annual-sets/2023/definitives/ The Royal Mint
  10. News: eBay frenzy as undated 20p sells for £8k. Wentworth . Jo. 8 July 2009. 1 July 2009. Totally Money.
  11. Web site: London Mint Office . October 21, 2011 . dead . https://web.archive.org/web/20130416223459/http://www.londonmintoffice.org/undated20p/ . April 16, 2013 .
  12. Web site: 20p Five Pence Mintage Figures . 2023-09-03 . www.royalmint.com.