Coins of the Maltese lira former banknote. In 1988 a new coat of arms was adopted showing a heraldic representation of the Maltese flag, a mural crown and a wreath of olive and palm trees. The coin series of 1991 depicted the new coat of arms, but the reverse side remained the same. This series remained in use until 2007, being withdrawn in January 2008 upon the introduction of the Euro. They were demonetised in 2010. Coins of the Maltese lira Coins of the Maltese lira have been struck from when Malta adopted decimal currency in 1972, to 2007, after which Malta adopted the euro.
Coins of the pound sterling (97%), the intrinsic value of pre-1992 1p and 2p coins increased with the surge in metal prices of the mid-2000s, until by 2006 the coins, would, if melted down, have been worth about 50% more than their face value. (To do this, however, would be illegal, and they would have had to be melted in huge quantities to achieve significant gain.) In subsequent years the price of copper fell considerably from these peaks. The following are commemorative issues and are seldom encountered in normal circulation due to their precious metal content. The following decimal coins have been withdrawn from circulation