New commemorative Brexit 50p coin is unveiled ahead of UK's exit from the European Union

26 January 2020, 14:07 | Updated: 27 January 2020, 13:42

Three million of the new coins will enter circulation on 'Brexit Day'.

Bearing the inscription 'Peace, prosperity and friendship with all nations' together with the Brexit date of 31 January, the coin has been created to mark the UK's departure from the EU on Friday.

Three million of the coins will enter circulation on 31st, with seven million more expected at a later date this year.

It's was third time lucky for Mr Javid, who is Master of the Mint, after two failed attempts at unveiling the new coin.

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A million coins had to be melted after a batch was ordered by Mr Javid in advance of the UK's second Brexit departure date on October 31st.

Prior to that, 1,000 prototypes were scrapped after the original Brexit date of March 31st was not reached.

The new coin will be presented to Prime Minister Boris Johnson later this week.

Mr Javid said: "Leaving the European Union is a turning point in our history and this coin marks the beginning of this new chapter."

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Eagle-eyed social media users have made a hilarious comparison between the way Sadid has chosen to unveil the coin to a scene in Lord of the Rings.

Sajid is seen gazing into the camera holding the 50p in a similar way to goblin Gollum holding a ring in the famous fntasy triology.