Press release -
Post Offices roll out new 50p coin, marking Her Majesty The Queen’s Platinum Jubilee
Post Offices across the UK are rolling out the new 50p coin from today (7 February), marking Her Majesty The Queen’s Platinum Jubilee.
The Platinum Jubilee 50p coins are expected to be highly sought after due to the limited release of 1.3 million coins by the Royal Mint to enter circulation via Post Office’s 11,500 branches. The maximum coin mintage is set at 5,000,070 coins – in a special nod to Her Majesty’s 70 years on the throne.
Post Offices in Windsor and close to Sandringham are amongst the first branches to get the new coin today. Demand from regular customers and royal enthusiasts is expected to be high.
Postmaster Umesh Sanghani and his wife Rashmita have run Dedworth Green Post Office in Windsor for 23 years.
Postmaster Umesh Sanghani, said: “We have had many customers coming into our Post Office to check that we are going to get the special 50p coin. They don’t want to miss out on this souvenir. I am a Royalist. It is amazing that the Queen has reached her 70thanniversary. I am really looking forward to the celebrations this year.”
Nick Read, Chief Executive at the Post Office, said: “We are thrilled to be part of the celebrations for Her Majesty’s Platinum Jubilee year and that our 11,500 Post Offices across the whole of the United Kingdom will exclusively start the circulation of this special 50p coin today. Postmasters are at the heart of their local communities and have been throughout our 360-year history. I have no doubt that this will be a real honour and privilege for Postmasters and their teams.”
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About the Post Office
- With over 11,500 branches, Post Office has the biggest retail network in the UK, with more branches than all the banks and building societies combined.
- Post Office is helping anyone who wants cash to get it whichever way is most convenient. Partnership with over 30 banks, building societies and credit unions means that 99% of UK bank customers can access their accounts at their Post Office.
- Cash withdrawals, deposits and balance enquiries can be made securely and conveniently over the counter at any Post Office; and the biggest investment by any organisation or company in the last decade is being made to safeguard 1,400 free-to-use ATMs across the UK.
- Post Office is simplifying its proposition for Postmasters with a focus on itscash and banking; mails and parcels; foreign exchange; andbill paymentsservices.
- Researchhas found that visits to the Post Office help drive another 400 million visitors to other shops, restaurants and local businesses equating to an estimated £1.1 billion in additional revenue for High Street businesses.
- 99.7% of the population live within three miles of a Post Office; and 4,000 branches are open seven days a week.
