Decimal Currency Act, 1969

Prohibition of making or issuing of coins.

14.—(1) Except 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, before the repeal of the Act of 1950 effected by section 23 (2) of this Act, of coins provided under that Act or of coins provided, before the passing of the Act of 1950, under the Coinage Act, 1926 , or that Act as amended by the Emergency Powers (No. 140) Order, 1942, or by sections 58 and 60 of the Central Bank Act, 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 an offence and shall be liable—

(a) on summary conviction to a fine not exceeding one hundred pounds, or

(b) on conviction on indictment to a fine not exceeding five hundred pounds.