Coins featuring King Charles III will be put into use before Christmas in the UK, where they will circulate alongside existing coins depicting Queen Elizabeth II.
Charles is shown facing right to left, facing his mother, following a royal tradition in which the direction of the coin is reversed with respect to successive kings.
The King’s portrait, by sculptor Martin Jennings, will appear for the first time on special commemorative coins of £5 and 50pence, with smaller denominations going into popular circulation at Christmas, the Royal Mint said Friday.
According to Anne Jessopp, executive director of the mint, as coins can last for 20 years, the 27 billion representing the late queen will not be discarded unless they are worn or damaged, according to Anne Jessopp , the chief executive of the mint, so it will be a while before all the coins change to Charles’ face-to-face.
Taxpayers say the change comes at no cost as coins are always produced to replace worn ones. With cash usage reduced in favor of cards or mobile payments, less money may be needed in the future.
Although coins are changing, UK banknotes will remain the same for the time being. The Bank of England has announced that it will continue to issue banknotes featuring the queen, following Royal guidelines to “minimize the environmental and financial impact” of any changes. The new banknotes will be announced later this year and are expected to go into circulation in 2024.
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