New £ 5 coin launched to mark the life of Prince Philip – but it will cost you at least £ 13

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Royalists can now buy a £ 5 coin to celebrate the life of Prince Philip, who died in April – but it will cost at least £ 13.

A number of coins with the face of the Duke of Edinburgh are made by the Royal Mint, saying he was “a man of action and great achievement”.

One side shows the portrait of the prince, which he approved in 2008, and the other shows the head of the queen.

The cheapest Prince Philip’s £ 5 coin would cost you £ 13 and is made from copper-nickel – the same mixture of metals that the old 10Ps and 20Ps were made from.



The cheapest £ 5 coin will still bring you back £ 13



Commemorative coin for
The flip side of Prince Philip’s new 5 pound base coin



Special edition £ 5 coin depicts an original portrait of the Duke to celebrate his life
Some of the coins are made of solid gold

One level higher is the 5 pound coin made of 925 Sterling silver. This was on sale for £ 92.50 but only 6,000 were made and these are all sold out.

The mint also made an extra thick £ 5 silver coin for £ 172.50 and a gold one for £ 2,650, but these were all bought too.

It also minted a 1kg silver coin for £ 2,330 and a quarter-ounce gold coin for £ 650 – also sold out.

The coin maker also created ten monster gold coins weighing 1kg and priced at £ 67,500 that were also snapped up.

Some of these coins are already being resold at inflated prices.

One cheeky listing tries to sell the base £ 13 coin for £ 49 – although it’s still available at a lower price from the Royal Mint.

The £ 92.50 silver coin sells for up to £ 299 and the £ 2,650 gold coin goes for £ 3,500.

All coins are out of circulation so they are very unlikely to show up in your change.

Technically, you could spend any of the new 5 euro coins in a store – although you would lose money as it costs at least £ 13 to buy, of course.

But the bigger problem would be finding a store that would accept each of them.



Commemorative coin commemorating the life of Prince Philip
Left to right: plain £ 5, gold £ 5 and extra thick silver £ 5 coins

Contrary to popular belief, no business needs to accept any form of money, even if it is “legal tender”. If the cashier decides he doesn’t like the way something looks, he doesn’t have to accept it.

In England and Wales, legal tender refers to coins made from the banknotes of the Royal Mint or the Bank of England.

Last week the Royal Mint brought a new 50p. out Team GB will take part in the Olympic Games in Tokyo in 2021.

The base coin is available for £ 10, a colored version for £ 20, a silver one for £ 67.50, an extra heavy silver coin for £ 105 and a gold coin for £ 1,005.50.

Coin experts assume that these could soon gain in value due to a unique peculiarity.

The 2021 coin is “double dated” – that is, it has a 2021 date on one side and a 2020 design and date on the other, which makes it especially valuable to coin collectors.

Also last week the Bank of England released a 50 pound plastic banknote with WW2 codebreaker Alan Turing.

The new £ 50 polymer includes Turing’s portrait, designs for the code breaking device he helped make, and some of his other math formulas.

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