New 50p coin that marks diversity in Britain to go into circulation on Monday

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A new 50p coin is set to enter circulation on October 19 (Monday).

The money features the words "Diversity built Britain" across a geodome which represents connection and strength.

It is believed around 2.5 million coins with the new design will enter circulation from next week.

The new 50p coin was commissioned by Chancellor Rishi Sunak as part of plans to include a wider range of people on coins and notes.

Posting on Twitter, Mr Sunak said: "I have seen first-hand the contribution made by ethnic minority communities to Britain's history.

"This is why I backed the 'We Too Built Britain' campaign and requested the @RoyalMintUK introduced this new coin to celebrate it."

It was created by Dominique Evans, who has previously crafted coins to mark VE Day, the Sapphire Coronation and Jane Austen.

However, the coin isn't expected to be worth serious money in the future.

Colin Bellamy, from Coin Hunter, told The Sun : "It will go into circulation in numbers similar to the Brexit 50p – even though there is very little demand for coinage from businesses at this time.

"It will likely be worth 50p in a few years' time."

And just last month, the Royal Mint was preparing to release the new Winnie the Pooh 50p coins.

The adorable money features the bear at his happiest, enjoying a big jar of delicious honey.

However, the coins will not be released into general circulation, instead it will be available to purchase from the Royal Mint website.

The series will feature nine coins, including Winnie the Pooh, Christopher Robin and Piglet, with six more over the next two years.

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