London: Limited edition 50 pence coins, meant to commemorate Britain's departure from the EU on October 31, 2019, are set to be melted down.

Britain's Treasury has confirmed the coins will be recycled now that the EU has agreed to a Brexit extension with the British government.

The coin has a similar resemblance to this previous design - but with the October 31 departure date. Credit:HM Treasury

A Treasury Spokesman said: "We will still produce a coin to mark our departure from the European Union, and this will enter circulation after we have left."

The coins will carry the words "Friendship with all nations", but will be stamped with a new departure date - currently set to be January 31, 2020.