(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Thousands of 50-pence coins minted to commemorate
Brexit on Oct. 31 will be melted down after Prime Minister
Boris Johnson accepted an extension from the
European Union, two people familiar with the matter said.U.K. Chancellor of the Exchequer Sajid Javid had announced plans for millions of coins engraved with the date Johnson pledged to leave the bloc, but production was paused last week when it became clear there would be a delay.The coins were already being minted so they could be put into circulation as soon as the U.K. left the EU.On Monday, Johnson accepted the EU’s offer of a three-month extension to Jan. 31, and the decision was taken for all the coins to be melted down, according to the people, who asked not to be identified. One of them said hundreds of thousands of the coins had been minted already.A spokesman for the Treasury said the U.K. will still produce a coin to mark its departure from the EU -- whenever that takes place.Javid’s predecessor, Philip Hammond, had also planned to mint a more limited number of the 50-pence coins to mark the original Brexit date of March 29.(Updates with Treasury comment in third and fifth paragraph.)To contact the reporters on this story: Jessica Shankleman in
London at jshankleman@bloomberg.net;Alex Morales in London at amorales2@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Thomas PennyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.