Gruffalo 50p coin – when does it go on sale and what will it look like?

OVER the past 20 years, parents have been reading The Gruffalo to their children – and now the beloved character is to get its own 50p coin.

The new money is being released this year to celebrate two decades of Julia Donaldson’s award-winning kids books, and it could be as soon as next week.

The Royal Mint first announced that it would be launching the new money back in November but they’re keeping tight-lipped on the finer details.

Here’s everything we know about the coin so far:

The 50p coin is being released to celebrate 20 years since author Julia Donaldson published the first book about The Gruffalo.

The Gruffalo is a monster – half grizzly bear and half buffalo – that lives in the woods, and befriends a mouse.

The original story is based on a Chinese folk tale, about a fox that borrows the terror of a tiger.

Since it was published in 1999, Julia has released 13 different books about the creature, sold 13million copies worldwide and the tale has been turned into a TV short.

The books are illustrated by award-winning artist, Alex Scheffler, and – even though it hasn’t been confirmed yet – we’re assuming that one of his drawings will end up on the coin.

It’s possible that more than one 50p could be released, leaving room for multiple illustrations.

Last year, two versions of the Paddington Bear 50p coin were launched, while four were released to celebrate 150 years of Beatrix Potter.