Coinage Act, 1950

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.

(2) Subsection (1) of this section does not apply to the issue by the Central Bank of coins provided, before the commencement of this Act, 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.

(3) Every person who makes or issues any piece of metal or mixed metal in contravention of subsection (1) of this section shall be guilty of a misdemeanour and shall be liable on conviction thereof to a fine not exceeding one hundred pounds.