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The Guardian - UK
The Guardian - UK
Business
Nadeem Badshah

Future of 1p and 2p pieces in doubt after Treasury orders no new coins

Royal Mint the Royal Mint FCA United Kingdom
The full set of coins reflecting King Charles III’s passion for conservation and the natural world is seen displayed on a black background
Treasury officials reported to be considering scrapping 1p and 2p coins as use of cash declines. Photograph: Daniel Leal/AFP/Getty Images

Treasury officials have for the first time ordered no new coins to be minted for general circulation, putting the future of the 1p and 2p pieces in doubt.

The government has not placed an annual order with the Royal Mint and does not expect to order any new 1p and 2p coins in the coming years, the Evening Standard reported.

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