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€3.5m cost of minting copper coins makes no cents
Coin Collecting News

Full Sovereign gold  ....
Branch Mints - Ottawa Canada History

1925 Gold Sovereigns  ....
One of the most unusual facts about 1925 sovereigns is that in 1949, 1950 and 1951, the Royal Mint produced sovereigns, but instead of preparing new dies with George VI's head, and with the correct date, they lazily re-issued George V sovereigns da

1933 Gold Sovereigns Were Not Issue  ....
1933 Gold Sovereigns Were Not Issued Neither were half sovereigns.

1937 Gold Sovereigns - Edward VII 1  ....
1937 Gold Sovereigns - Edward VII 1937

1989 Gold Sovereigns Coins Were Dif  ....
1989 Gold Sovereigns Were Different As you can see from our photographs, 1989 sovereigns did not use the by now traditional St. George and Dragon reverse design. Instead to commemorate the 500th anniversary of the first gold sovereign for Henry VII

Sixpence  ....
Things of interest

Firet Gold Coins  ....
The first gold sovereign in the reign of Henry VII The first Sovereign, its designs rich in symbolism, was part of the trappings of the new Tudor dynasty.

€3.5m cost of minting copper coins makes no cents

It's costing taxpayers a pretty penny to mint those annoying copper coins that few people use.


New figures obtained by the Sunday Independent reveal it costs more than €3.5m to produce 1c and 2c coins that end up being hoarded.

And an estimated €35m worth of 1c and 2c coins are currently stashed away in penny jars across the country, costing the economy more than €10m a year in production, distribution and handling costs.

Since Ireland joined the Eurozone in 2002, the Irish mint in Sandyford, south Dublin has pumped out more than 1,074 million 1c coins and 906 million 2c coins, or approximately 1,500 coins per family over the past decade.

The problem of hoarding - which is due mainly to the low value of the coins - has prompted the Central Bank to issue an appeal to the Irish public this week to either spend the coins or donate them to charity because they are now in short supply.

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