Coinage Act, 1950

Coinage Act, 1950 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1950 Coinage Act, 1950 Coinage Act, 1950 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 32 of 1950.

COINAGE ACT, 1950.

ARRANGEMENT OF SECTIONS

PART I.

Preliminary and General.

Section

Section 1

Short title.

Section 2

Commencement.

Section 3

Definitions.

Section 4

Repeals.

PART II.

Coinage, Other than Gold Coinage.

Section 5

Provision of cupro-nickel and bronze coins.

Section 6

Provision of coins in lieu of cupro-nickel coins.

Section 7

Issue of coins provided under section 5 or 6.

Section 8

Expenses of provision of coins under section 5 or 6.

Section 9

Proceeds of issue of coins provided under section 5 or 6.

Section 10

Prohibition of making or issuing of coins.

Section 11

Calling in of coins issued under the repealed enactments or this Act.

Section 12

Legal tender.

Section 13

Redemption of coins issued under repealed enactments or this Act.

Section 14

Disposal of proceeds of melting down of coins.

Section 15

Value of coins issued under the repealed enactments in relation to the Irish pound.

Section 16

Application and adaptation of certain enactments.

Section 17

Publication of orders in Iris Oifigiúil.

PART III.

Coins Generally.

Section 18

Copyright in Irish coins.

Section 19

Prohibition on melting down, etc., of coins.

FIRST SCHEDULE.

Enactments Repealed.

SECOND SCHEDULE.

Particulars of cupro-nickel and bronze coins.

THIRD SCHEDULE.

Enactments Applied or Adapted.

Acts Referred to Coinage Act, 1926 No. 14 of 1926 Currency Act, 1927 No. 32 of 1927 Central Bank Act, 1942 No. 22 of 1942 Industrial and Commercial Property (Protection) Act, 1927 No. 16 of 1927 Number 32 of 1950.

COINAGE ACT, 1950.

AN ACT TO MAKE FURTHER AND BETTER PROVISION REGARDING COINAGE. [27th December, 1950.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

PART I.

Preliminary and General.

Short title.

1.—This Act may be cited as the Coinage Act, 1950.

Commencement.

2.—This Act shall come into operation on such day as may be fixed for that purpose by order of the Minister.

Definitions.

3.—In this Act— the expression “the Act of 1926” means the Coinage Act, 1926 (No. 14 of 1926); the expression “the Act of 1927” means the Currency Act, 1927 (No. 32 of 1927); the expression “the Act of 1942” means the Central Bank Act, 1942 (No. 22 of 1942); the expression “the Central Bank” means the Central Bank of Ireland;

Coins issued under the repealed enactments. references to coins issued under the repealed enactments shall be construed as references to coins issued under the Act of 1926 or that Act as amended by the Emergency Powers (No. 140) Order, 1942 (S.R. & O., No. 6 of 1942), or by sections 58 and 60 of the Act of 1942; cupro-nickel the word “cupro-nickel,” in relation to a coin, means a coin made of a mixture of copper and nickel;

Minister the expression “the Minister” means the Minister for Finance.

Repeals.

4.—The enactments mentioned in column (2) of the First Schedule to this Act are hereby repealed to the extent specified in column (3) thereof.

PART II.

Coinage, other than gold coinage.

Provision of cupro-nickel and bronze coins.

5.—(1) The Minister may provide cupro-nickel and bronze coins of the several denominations specified in column (1) of the Second Schedule to this Act, and may take such steps as he thinks proper for the provision of such coins.

Provision of coins in lieu of cupro-nickel coins.

6.—(1) In this section the word “metal” does not include gold or silver.

Issue of coins provided under section 5 or 6.

7.—Every coin provided under section 5 or 6 of this Act shall be issued by the Minister through the Central Bank.

Expenses of provision of coins under section 5 or 6.

8.—All sums required for the provision of coins provided under section 5 or 6 of this Act shall be defrayed out of the general fund of the Central Bank and debited therein to the currency reserve.

Proceeds of issue of coins provided under section 5 or 6.

9.—The proceeds of every issue of coins provided under section 5 or 6 of this Act shall be paid into the general fund of the Central Bank and carried therein to the credit of the currency reserve.

Prohibition of making or issuing of coins.

10.—(1) Except gold coins issued under the Act of 1927 and coins issued under this Act, no piece of metal or mixed metal of any value whatsoever shall be made or issued in the State as a coin or a token for money or as purporting that the holder thereof is entitled to demand any value denoted thereon.

Calling in of coins issued under the repealed enactments or this Act.

11.—(1) The Minister may by order call in coins issued under the repealed enactments or this Act of any particular date or denomination.

Legal tender.

12.—(1) A tender of money if made in coins (other than bronze coins) issued under the repealed enactments or this Act shall be legal tender for the payment of an amount not exceeding forty shillings but for no greater amount.

Redemption of coins issued under repealed enactments or this Act.

13.—The Central Bank may, if it thinks fit so to do, redeem coins issued under the repealed enactments or this Act and all sums required for that purpose shall be defrayed out of the general fund of the Central Bank and debited therein to the currency reserve.

Disposal of proceeds of melting down of coins.

14.—The Central Bank may carry to the currency reserve the proceeds of melting down of coins withdrawn from circulation or of coins held in stock by the Central Bank and not required for issue or re-issue.

Value of coins issued under the repealed enactments in relation to the Irish pound.

15.—Every coin issued under the repealed enactments shall bear to the Irish pound the same fractional value as it would bear if it were a coin of the like denomination provided under section 5 of this Act.

Application and adaptation of certain enactments.

16.—Each enactment mentioned in column (2) of the Third Schedule to this Act shall have effect in accordance with the provisions set out in column (3) of that Schedule opposite the mention of that enactment.

Publication of orders in Iris Oifigiúil.

17.—Every order under this Act shall be published in the Iris Oifigiúil as soon as may be after it is made.

PART III.

Coins Generally.

Copyright in Irish coins.

18.—(1) In this section, the expression “Irish coins” means any coins being— (a) coins issued under the repealed enactments, or (b) gold coins issued under the Act of 1927, or (c) coins issued under this Act.

Prohibition on melting down, etc., of coins.

19.—(1) It shall not be lawful for any person (other than the Central Bank) except under and in pursuance of a licence issued by the Minister, to melt down, break up or use otherwise than as currency any coin which is for the time being current in the State or in any other country.

FIRST SCHEDULE.

Enactments Repealed.

Section 4

.

Session and Chapter or Number and Year Short Title Extent of Repeal

(1)

(2)

No. 14 of 1926 The Coinage Act, 1926 The whole Act.

No. 32 of 1927 The Currency Act, 1927 Subsection (2) of section 4 ; subsection (1) of section 38 .

No. 22 of 1942 The Central Bank Act, 1942

Part VIII.

SECOND SCHEDULE.

Particulars of cupro-nickel and bronze coins.

Section 5

.

(1)

(2)

(3)

(4)

Florin 174·54545 11·31036 one-tenth 1 in 175 Shilling 87·27272 5·65518 one-twentieth 1 in 150 Sixpence 70·00000 4·53593 one-fortieth 1 in 125 Threepence 50·00000 3·23995 one-eightieth 1 in 100 Bronze Coins Penny 145·83333 9·44984 } Mixed metal made up of copper, tin and zinc. } one-two hundred and fortieth 1 in 40 } 1 per cent.

Halfpenny 87·50000 5·66990 one-four hundred and eightieth 1 in 40 Farthing 43·75000 2·83495 one-nine hundred and sixtieth 1 in 40 THIRD SCHEDULE.

Enactments Applied or Adapted.

Section 16

.

Chapter and Session or Number and Year Short title Application or Adaptation

(1)

(2)

The Coinage Offences Act, 1861.

The said Act shall Apply to coins issued under the repealed enactments or this Act, and for the purposes of such application— (a) the references, in section 1 of the first-mentioned Act, to coin or any particular class of coin lawfully current by virtue of any proclamation or otherwise in any part of Her Majesty's Dominions shall be construed as including references to coins lawfully current in the State by virtue of this Act, (b) the references in the said section 1 to silver coin shall be construed as including references to nickel coin, cupro-nickel coin and coin provided under section 6 of this Act.

39 & 40 Vic., c. 36.

The Customs Consolidation Act, 1876 .

Section 42 shall have effect as if the following articles were added to the Table of Prohibitions and Restrictions Inwards in that section—

(a) counterfeits of coins issued under the repealed enactments or this Act, (b) any coins or money purporting to be coins issued under the repealed enactments but not being of the standard weight or not being of the standard fineness prescribed by the Act of 1926, as amended by the Act of 1942, (c) any coins or money purporting to be coins provided under section 5 or 6 of this Act and not being of the standard weight or not being of the standard composition prescribed by the said section 5 or 6 (as the case may be).

52 & 53 Vic., c. 42.

The Revenue Act, 1889 .

Section 2 shall apply to imitations of coins issued under the repealed purposes of such application the reference in subsection (4) of that section to coins lawfully current by virtue of a proclamation or otherwise in any part of Her Majesty's Dominions shall be construed as including a reference to coins lawfully current in the state by virtue of this Act.

No. 32 of 1927 The Currency Act, 1927 .

In section 10 the reference to the Coinage Act, 1926 , shall be construed as a reference to this Act.

Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais