Whereas under section 3(1)(a), (b), (c), (cc), (cd) and (d) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to determine the denomination, the design and dimensions of coins to be made at Our Mint, to determine the weight and fineness of certain gold coins, the remedy to be allowed in the making of such coins and their least current weight, and to determine the weight and composition of coins other than gold coins or coins of silver of Our Maundy money, and the remedy to be allowed in the making of such coins, and to provide for the manner of measurement of the variation from the standard weight of coins:

And Whereas under section 3(1)(ff) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to direct that any coin shall be legal tender for the payment of any amount:

And Whereas it appears to Us desirable to order that there should be made at Our Mint a new coin of the denomination of twenty-five pounds in gold; and a new coin of the denomination of two pounds in silver:

We, therefore, in pursuance of the said section 3(1)(a), (b), (c), (cc), (cd), (d) and (ff), and of all other powers enabling Us in that behalf, do hereby, by and with the advice of Our Privy Council, proclaim, direct and ordain as follows:

TWENTY-FIVE POUND COIN

1. (1) A new coin of gold of the denomination of twenty-five pounds shall be made, being a coin of a standard weight of 7.800 grammes, a standard diameter of 22 millimetres, a millesimal fineness of not more than 999.9, and being circular in shape.

(2) In the making of the said gold coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.025 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The least current weight of the said gold coin shall be 7.750 grammes.

(5) The design of the said gold coin shall be as follows:

‘Either;

(a) For the obverse impression Our effigy with the inscription “· ELIZABETH II · D · G · REG · F · D · 25 POUNDS”, and for the reverse a depiction of William Shakespeare accompanied with the inscription “OTHELLO ACTI SC.3” and surrounded by the inscription “ · PUT MONEY IN THY PURSE · 2016”; or

(b) For the obverse impression Our effigy with the inscription “ · ELIZABETH II · D · G · REG · F · D · 25 POUNDS · 2016”, and for the reverse a portrait of Peter Rabbit with the inscription “PETER RABBIT”.

The coins will have a graining upon the edge.’

TWO POUND COIN

2. (1) A new coin of silver of the denomination of two pounds shall be made, being a coin of a standard weight of 31.210 grammes, a standard diameter of 38.610 millimetres, a standard composition of not less than 999 parts per thousand fine silver, and being circular in shape.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.105 grammes; and

(b) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The design of the said silver coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· ELIZABETH II · D · G · REG · F · D · 2 POUNDS”, and for the reverse a depiction of William Shakespeare accompanied with the inscription “OTHELLO ACTI SC.3” and surrounded by the inscription “ · PUT MONEY IN THY PURSE · 2016”. The coin will have a graining upon the edge.’

(5) The said silver coin shall be legal tender for the payment of any amount in any part of Our United Kingdom.

3. This Proclamation shall come into force on the fifth day of May Two thousand and sixteen.

Given at Our Court at Buckingham Palace, this fourth day of May in the year of Our Lord Two thousand and sixteen and in the sixty-fifth year of Our Reign.

GOD SAVE THE QUEEN