Around two and a half million new coins will be put into circulation on Monday.
Officials say the coins will honor the profound contribution minority communities have made to British history.
The new 50 ps are part of a broader official plan to involve a wider range of people on coins and banknotes in the future, according to the Treasury Department.
The coins contain the words “Diversity Built Britain” and a geodome shape that is said to represent connection and strength.
Her design was created by Dominique Evans, a woman of mixed race who previously designed coins for VE Day, the Sapphire Coronation and Jane Austen.
Chancellor Rishi Sunak commissioned the coins at the beginning of this year after talks with the We Too Built Britain campaign, which advocates a fair representation of the contributions of minority communities in all areas of life.
He said: “I have seen firsthand the contribution of ethnic minorities to British history.
“That’s why I supported the ‘We Too Built Britain’ campaign and asked the Royal Mint to introduce this coin to celebrate it.
“This coin, and the rest of the series, will be a fitting tribute to the profound impact ethnic minorities have had on Britain, and I am grateful to the Royal Mint for turning this around at record speed.”
Ms. Evans said: “In designing this coin, I first thought about the people who inspire me and what diversity has meant in my life. I believe that no matter where you are born, we all belong under the same sky and that was the starting point of the design.
“In the background of the coin is a geodome with a series of connecting lines and triangles that form a network. Each part is the same and symbolizes a community of connection and strength. “
She added: “The design also looks to the future and the bonds that will continue to grow and strengthen us together.”
Prime Minister Boris Johnson said: “Congratulations to Dominique Evans, the designer of the Royal Mint’s new 50p coin – Diversity Built Britain.
“Its design is the first in a series of coins that the coin will produce to celebrate those who have shaped our national history and culture.
“I had the great pleasure of welcoming Dominque to a cabinet meeting with Anne Jessopp, the Mint’s First Assistant Master and Blondel Cluff, CEO of the West India Committee and Advisor to the Royal Mint.
“This new coin reflects the government’s commitment to building a fairer society for all.”
The Royal Mint and West India Committee will also be issuing educational packages for elementary schools in England and Wales.
In addition, the government will consult with We Too Built Britain and other minority groups on the issues of future coins in the series.
Activist Zehra Zaidi, who leads the We Too Built Britain campaign, said: “Ethnic minorities, as well as all under-represented groups, need to see themselves represented in British institutions.
“You need to see that your contributions to Britain are recognized.
“It is part of an invisible social contract and can create cohesion, promote a sense of belonging, inspire young people and unite us as a nation, which shows that we are all equally involved in society.
“We are a diverse, modern and global Great Britain – let’s show that. This coin helps to bridge the past of our nation, its diverse present and its future and to look outwards together positively.”