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U.K. Releases First Tranche of Coinage w/King Charles III's Image

Webster

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(The Guardian) UK releases first coinage of King Charles III

The UK has released the first coinage featuring King Charles III into circulation but Australia will not see the new monarch on our money until next year.

Across the UK a total of 4.9m 50p coins will be distributed from 9,452 post offices throughout the next month. The coins will be given out as change when customers make purchases and will circulate alongside the Queen’s coins. Australians should expect to see the face of King Charles on their coins “sometime in 2023” the federal government announced back in September.

The assistant minister for Treasury, Andrew Leigh, said the face will look left, following the UK – which is a change from the Queen’s face looking right. Leigh said: It will be a remarkable moment when Australia moves from having, not a Queen on the coin, but the King.

It is understood the Royal mint will make an announcement about the coins in the coming weeks.
 
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