Five new commemorative coins have been revealed for 2024.

The designs, which pay tribute to Sir Winston Churchill, Buckingham Palace, and Royal National Lifeboat Institution were unveiled by the Royal Mint.

Each coin celebrates key events and anniversaries of the upcoming year, including Team GB and ParalympicsGB, as they head to Paris for the 2024 Olympics and Paralympics.

This is the first opportunity for collectors to see the new designs, which will feature on a 50p, £2 and £5 coin.

Buckingham Palace will feature on a new £5 one, while the 150th anniversary of the birth of Sir Winston and the 200th anniversary of the National Gallery feature on £2 coins.

New 50p coins will mark the 200th anniversary of the RNLI and celebrate our sporting heroes ahead of the games.

Rebecca Morgan, director of commemorative coins at the Royal Mint, said: “As we approach the New Year, we are excited to reveal five new designs set to appear on commemorative coins in 2024, celebrating some of the most significant moments and anniversaries set to take place.

“The Royal Mint has been regularly issuing annual sets since 1971 and they have become highly collectable as works of art.

“They are also gifted to people celebrating special occasions in the upcoming year, as they serve as a keepsake for that memorable time.”

The 2024 designs:

The Buckingham Palace £5, designed by artist Henry Gray, features the iconic palace on the front and centre of the coin.

A £2 coin depicts Churchill as a young man in 1895, wearing the uniform of the 4th Queen’s Own Hussars. Designed by Natasha Seaward, the edge inscription says: “Pave the way for peace and freedom,” a remark Churchill made whilst serving his second term as prime minister.

The National Gallery £2 coin features the building at the centre. It was created by designer, engraver and printmaker Edwina Ellis.

From John Bergdahl, the RNLI 50p coin marks 200 years of saving lives at sea, displaying the RNLI flag surrounded by a life ring.

The Team GB and ParalympicsGB 50p coin is designed by Charis Tsevis and depicts two athletes representing both the Olympic and Paralympic Games in parity, with the Union Flag unifying all athletes.