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Coinage Act 1971
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- 1971 c. 24
- Section 1
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[F11 Standards of certain coins.U.K.
(1)The following provisions of this section have effect with respect to coins made at the Mint.
(2)Gold coins and coins of silver of the Queen’s Maundy money shall, if of a denomination mentioned in Schedule 1 to this Act, be of the weight and fineness specified there, but in the making of the coins a remedy (that is, a variation from the standard weight and fineness so specified) shall be allowed of an amount not exceeding that specified in that Schedule.
(3)Gold coins and coins of silver of the Queen’s Maundy money shall, if of any other denomination, be of such weight and fineness as may be specified in a proclamation under section 3 of this Act.
(4)Coins other than gold coins and coins of silver of the Queen’s Maundy money shall be of such weight, composition and dimensions as may be specified in a proclamation under that section.
(5)In the making of the coins to which subsections (3) and (4) above apply, such remedy shall be allowed as may be specified in the proclamation.
(6)The variation from the standard weight of any coin F2... specified for that coin in accordance with this section [F3shall be measured in accordance with provision made by proclamation under section 3].
(7) In subsection (5) above “ remedy ”means—
(a)in relation to gold coins and coins of silver of the Queen’s Maundy money, a variation from the standard weight and fineness specified in the proclamation of an amount not exceeding that so specified;
(b)in relation to other coins, a variation from the standard weight, composition or dimensions so specified of an amount not exceeding that so specified.]
Textual Amendments
F1S. 1 substituted by Currency Act 1983 (c. 9, SIF 10), s. 1(1)
F2Words in s. 1(6) omitted (31.1.2012) by virtue of Coinage (Measurement) Act 2011 (c. 17), ss. 1(1)(a), 2(2)
F3Words in s. 1(6) substituted (31.1.2012) by Coinage (Measurement) Act 2011 (c. 17), ss. 1(1)(b), 2(2)
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