The Coinage Act 1971 (c. 24) is an act of the Parliament of the United Kingdom which consolidated prior coinage-related enactments relating to the country's coinage. Among its provisions, which Royal Mint coins (but not banknotes) are legal tender was redefined, and confirms that the Chancellor of the Exchequer is the Master of the Mint. It received royal assent on 12 May 1971.
Provisions
Repealed enactments Section 13 of the act repealed 8 enactments, listed in schedule 3 to the act. CitationShort titleDescriptionExtent of repeal33 & 34 Vict. c. 10.Coinage Act 1870The Coinage Act 1870.The whole act.54 & 55 Vict. c. 72.Coinage Act 1891The Coinage Act 1891.The whole act.10 & 11 Geo. 5. c. 3.Coinage Act 1920The Coinage Act 1920.The whole act.15 & 16 Geo. 5. c. 29.Gold Standard Act 1925The Gold Standard Act 1925.In section 1, subsection (1) and, in subsection (2), the words " So long as the preceding subsection remains in force ".21 & 22 Geo. 5. c. 46.Gold Standard (Amendment) Act 1931The Gold Standard (Amendment) Act 1931.In section 1(1) the words " notwithstanding that subsection (1) of the said section remains in force ".9 & 10 Geo. 6. c. 74.Coinage Act 1946The Coinage Act 1946.The whole act.1967 c. 47.Decimal Currency Act 1967The Decimal Currency Act 1967.Section 2.Section 3.Schedule 1.Schedule 2.1969 c. 19.Decimal Currency Act 1969The Decimal Currency Act 1969.Section 1.Section 14.Section 15.Section 16(2).Schedule 3.
Short title, commencement and extent Section 14(1) of the act provided that the act may be cited as the Coinage Act 1971.
Section 14(2) of the act provided that the act would extend to Northern Ireland.
Section 14(3) of the act provided that the act would come into force at the end of the transitional period defined by section 16(1) of the Decimal Currency Act 1969. The Decimal Currency (End of Transitional Period) Order 1971 (SI 1971 No. 1123) defined that the transition period would end with 31 August 1971.
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References
See also Legal tender Royal Mint