Statutory Document No. 118/99
CURRENCY ACT 1992
CURRENCY (SOVEREIGN COINS) ORDER 1999
Laid before Tynwald on 20th April 1999
Coming into operation on 10th March 1999
In exercise of the powers conferred upon the Treasury by section 5(1) of the Currency Act 1992(a) and of all other powers enabling it in that behalf, the following Order is hereby made:-
Citation and commencement
1. This Order may be cited as the Currency (Sovereign Coins) Order 1999 and shall come into operation on 10th March 1999.
Interpretation
2. (1) In this Order "the coins" means coins of the denominations of one fifth Sovereign, one half Sovereign, three quarters Sovereign, one Sovereign, two Sovereigns and five Sovereigns and which are to be issued by the Treasury.
(2) The face value of a Sovereign shall be one pound and multiple and fractional values shall be calculated accordingly.
Composition, size and weight of the coins
3. The coins shall be in the form of ingots and of the specifications set out in columns (ii) to (vi) of the Schedule.
Design of the coins
4. (1) On the obverse of the coins there shall be an effigy of Her Majesty the Queen by Ian Rank-Broadley with the inscriptions "ELIZABETH II", "ISLE OF MAN" and the year of the issue. (2) On the reverse of the coins there shall be a design incorporating a Triskeles, the inscriptions "Isle of Man Government", "FINE GOLD 999.9", the weight and the denomination of the coin.
1~ (a) 1992 c.14 price 30 pence Article 3 SCHEDULE SPECIFICATION FOR ISLE OF MAN SOVEREIGN COINS
(i) (ii) (iii) (iv) (v) (vi) Denomination Standard Metal Millesimal Standard Weight Size Composition Weight Remedy mm gms gms
1/5 Sovereign 15.03 x 8.5 x 0.6 Gold 999.9 1.00 0.0022
1/2 Sovereign 22.01 x 13.07 x 0.55 Gold 999.9 2.50 0.0044
3/4 Sovereign 23.28 x 14.04 x 0.65 Gold 999.9 3.50 0.0066
1 Sovereign 23.28 x 14.04 x 0.9 Gold 999.9 5.00 0.0088
2 Sovereigns 25.42 x 15.28 x 1.6 Gold 999.9 10.00 0.017
5 Sovereigns 41.00 x 24.00 x 1.8 Gold 999.9 31.10 0.055
Made this 10th day of March 1999
Minister for the Treasury
Explanatory Note (This note is not part of the order)
The Currency (Sovereign Coins) Order 1999 authorises the Treasury to issue bar shaped coins in 24 carat gold.