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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Approval of commemorative coin designs

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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A decision made 11 January 2010 regarding: Approval of commemorative coin designs.

Decision Reference: MD-TR-2010-0001

Decision Summary Title :

Approval of Commemorative Coin Designs

Date of Decision Summary:

11th January 2010

Decision Summary Author:

Currency & Operations Manager

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/a

Written Report

Title:

Approval of Commemorative Coin Designs

Date of Written Report:

 

Written Report Author:

Currency & Operations Manager

Written Report :

Public or Exempt?

Public

Subject:  2010 Jersey Sovereign and thirteen coins for 2010 Revolution to Restoration

Decision(s): The Minister approved both the 2010 Jersey Quarter Sovereign (20p) and the Half Sovereign (50p) commemorative coin designs for the 350th Anniversary of the Restoration of

Charles II.

Reason(s) for Decision:  To promote and make available commemorative coins for both Jersey and worldwide collectors which generates income for the States of Jersey.

Resource Implications:  There are no resource implications.

Action required: The Currency & Operations Manager to secure Palace approval for the attached coin designs and once received advise the company under which the States of Jersey’s commemorative coin is managed, ‘288 Group Limited’, of the approval for coin production to progress.

Signature: 

Position:

Minister for Treasury and Resources

Date Signed: 

Date of Decision:

Approval of commemorative coin designs

TREASURY AND RESOURCES DEPARTMENT  

Commemorative Coin:

2010 Jersey Sovereign Denominations 

  1. Purpose of Report

To recommend the Minister for Treasury and Resources to approve the 2010 commemorative coin design for both Quarter and Half sovereigns based upon the design for the 350th Anniversary of the Restoration of Charles ll detailed in the attached documents as proposed by The Westminster Collection 288 Group Limited.  

  1. Background

The Westminster Collection is part of the 288 Group Limited and is the company responsible for administering the production and sales of commemorative coins on behalf of the States Treasury & Resources Department.  The royalties from the sales of such coins in 2008 amounted to approximately £93,000.

The “Strategy” for the 2010 coin issues was approved on 29th June 2009 – copy Ministerial Decision attached.

Once Ministerial approval has been granted for the attached coin design, arrangements will be commenced to secure Palace approval for the proposed commemorative coin designs.  

3.     Issue

The attached design marks the 350th Anniversary of the Restoration of Charles ll. The coin design proposed has been reviewed and meets the previously agreed standard for all commemorative coins, as follows: 

‘Jersey coins represent the Island on an international scale, therefore they should portray images which reflect positively on the Island and commemorate a recognised and important event, period or person. The images should be dignified, non-controversial and appropriate to the commemoration and must connote stability, reliability and gravitas’.  

4.     Recommendation

The Minister for Treasury and Resources is recommended to approve the commemorative coin design for 2010 detailed in the attached documents. 
 

States Treasury Currency & Operations Manager

4 January, 2010 

 

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