Will The UK Ever Introduce a 5 Pound Coin For Circulation?

I know that most countries (other than the US) seem to have no problem introducing higher value coins into circulation, and I know that the UK has done this with the 50p, 1 Pound, and 2 pound coin. But I also know that they already use 5 pounds as the denomination for commemoratives so I'm not sure if it would happen. I do think it would be cool to see though

 

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Eventually yes. In the near future probably not especially with all the counterfitting issues theyve had with the dollar coins

 

Makes me sad to contemplate, given that the original 5 pound piece was the gold quintuple sovereign

 

I remember on the "All Creatures Great And Small" series that they considered a "fiver" a considerable sum of money.

 

https://www.answers.com/Q/What_was_UK_average_weekly_wage_in_1920

 

Probably sometime in the next 10-15 years. Then 20-25 years after that they'll introduce a 10 pound coin. Then maybe a 20, and a 50, and so on and so forth.

 

Wow, in only 40 years it had doubled!!! https://www.answers.com/Q/What_was_the_average_weekly_wage_in_the_UK_in_1960

 

"Probably sometime in the next 10-15 years. Then 20-25 years after that they'll introduce a 10 pound coin. Then maybe a 20, and a 50, and so on and so forth."

 

I personally don't think so in the near future. UK has issues managing 1 pound counterfeits. With the new bimetal issue, it would have make it harder. However it's only a matter of time that bimetallic counterfeits appear.

 

I guess it's a race between inflation and a shift towards a cashless society. I'd guess that the UK will issue a 5 pound coin at some point. Given Japan's experience with the 500 yen, I imagine counterfeiting will be a serious problem and they may go through a few revisions in relatively short succession to discourage it.

Shown: revised 500 yen coin both faces plus oblique to show hidden security text
A bimetallic 500 yen is planned for 2021.