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Coinage: Design

Volume 475: debated on Monday 28 April 2008

To ask the Chancellor of the Exchequer what the cost was of organising the public competition to design the new set of British coins; and what the overall cost of the introduction of the new coins will be. (200316)

The estimated cost of the new coin designs is approximately £119,000, which includes, under the terms of the public competition, a £35,000 fee to the artist who submitted the final design.