Registry
No.
SECURITY
-12-
DRAFT
LASSIFICATION
To:-
Top Secret,
Secret.
Confidential.
Restricted.
Unclassified.
PRIVACY MARKING
................................In Confidence
•
Type 1 +
From
Telephone No. Ext.
Department
DSR11
At present companies would be willing to repurchase at
face value most of the coins offered to them because
if the coins are still in good condition they currently
attract a premium in the secondary market and may
frequently command a price higher than the original price.
The critical moment would come if the coin market
should weaken.
(j) Tighter restrictions on the redemption of coins
This is done byplacing limits on the number of coins
which can be redeemed at any one time. Further
restriction could be imposed by establishing that
coins for redemption must be presented in person
in the territory concerned.
(k) Stop the issue of specimen coins
All the redemptions experienced by the territories
for which data is available shows that these have been
confined to specimen coins. Apparently no proof versions
have been redeemed. Under present conditions it would be
reasonable to expect fewer redemptions from future issues
if the specimen version were discontinued.
(1) More stringent control by HMG
If this objective is accepted it is for consideration
whether the design approval procedure might not be used
to limit the number of coins in future programmes.
/m
138649 Dd 107857 500M 2/76 MFP