MILLIONS A DAY

Sun (Auckland), Volume II, Issue 357, 18 May 1928, Page 7

MILLIONS A DAY

ROYAL MINT OUTPUT KING’S HEAD SMALLER ON PENNIES The Royal Mint is in full activity over the new designed 1928 coinage, spouting out florins and shillings at the rate of about a quarter of a million of each value a day. Pennies, too, are being provided at an intense rate (more than 60,000,000 in 1927) for a world which is growing more careful with money and wants pennies badly therefore. Such changes of public temperament are instantly registered at the Mint. In the boom years after the war the cry was for “Silver! More silver!” Nowadays, while there is no neglect of silver, the. old fundamental penny is steadily demanded by the banks, in the course of that rather inbred custom of theirs of buying money. It is to be noted, incidentally, that while about 2,000,000 of this year’s pennies have gone into circulation, no living soul, to the knowledge of the British Mint authorities, has observed that this year there is a change in the coin-of-all-work. The point of the King’s neck has hitherto projected right down into the circle of lettering. In the new coins the head is smaller, and it will be seen the point of the neck stands clear of the inscription. The alteration is the outcome of the Mint’s laudable desire for tidier pennies.