Coinage Act 1971

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 coins (but not notes) are legal tender was redefined^[1] and confirms that the Chancellor of the Exchequer is the Master of the Mint.

Coinage Act 1971^[a]

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to consolidate, so far as they are part of the law of the United Kingdom, the Coinage Acts 1870 to 1946 and certain other enactments relating to coinage, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.
Citation	1971 c. 24
Territorial extent	England and Wales Scotland Northern Ireland [b]
Dates
Royal assent	12 May 1971
Commencement	1 September 1971[c]
Other legislation
Amends	Gold Standard Act 1925 Gold Standard (Amendment) Act 1931 Decimal Currency Act 1967 Decimal Currency Act 1969
Repeals/revokes	Coinage Act 1870 Coinage Act 1891 Coinage Act 1920 Coinage Act 1946
Relates to	Decimal Currency Act 1969
Status: Amended
Text of statute as originally enacted
Revised text of statute as amended

Provisions

Repealed enactments

Section 13 of the act repealed 8 enactments, listed in schedule 3 to the act.

Citation	Short title	Description	Extent of repeal
33 & 34 Vict. c. 10.	Coinage Act 1870	The Coinage Act 1870.	The whole act.
54 & 55 Vict. c. 72.	Coinage Act 1891	The Coinage Act 1891.	The whole act.
10 & 11 Geo. 5. c. 3.	Coinage Act 1920	The Coinage Act 1920.	The whole act.
15 & 16 Geo. 5. c. 29.	Gold Standard Act 1925	The 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 1931	The 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 1946	The Coinage Act 1946.	The whole act.
1967 c. 47.	Decimal Currency Act 1967	The Decimal Currency Act 1967.	Section 2.
			Section 3.
			Schedule 1.
			Schedule 2.
1969 c. 19.	Decimal Currency Act 1969	The 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.

Notes

1. Section 14(1).
2. Section 14(3).
3. Section 14(2). The Decimal Currency (End of Transitional Period) Order 1971.