Following the announcement that Prince George of Cambridge will be baptised on Wednesday 23rd October at St James's Palace, the royal household have agreed that a series of coins should be made in honour of the historic occasion.
Kate Middleton, Prince William, the Queen and the Chancellor of the Exchequer have approved the designs of the three special coins, which will be unveiled in the coming weeks, although photographs of it have yet to be released.
"There will be a new design for the £5 coin which will be available in Silver," read a statement from The Royal Mint. "Because the crossing of a baby's palm with silver is a long-established tradition, conferring good health and prosperity to newborns."
"The Royal Mint has celebrated moments of national significance for over 1,000 years and it was felt appropriate to produce the first-ever set of Royal christening coins to mark the christening of our future king," said Shane Bissett, Director of the Commemorative Coin.
"As a British institution, The Royal Mint has played a central role creating works of art as official commemorations of landmarks in the history of the Royal family for hundreds of years. These coins will be a fitting addition to that long tradition."
Prince George's birth on 22 July 2013 was celebrated with a silver Pistrucci St George and the dragon coin and the Royal Australian Mint also produced a special coin following George's birth.