The Queen issues money every Easter on Thursday, otherwise known as Maundy Thursday. The Queen issues special Maundy money to pensioners in recognition of elderly people and their service to churches and communities.
This ceremony normally takes place at a cathedral or abbey. The amount of coins that people receive depends on the age of the monarch. For example, when the Queen was 60-years-old, 60 men and 60 women received 60 pence of Maundy coins. Recipients get a red purse of normal money and a white purse containing Maundy coins. Maundy coins have remained relatively unchanged since 1670, and the ceremony itself is a tradition that dates back to the 13th century.