New king charles coins royal mint12/24/2023 The royal ceremony was also televised for the first time in history. New banknotes are set to be unveiled by the end of the year and are expected to enter circulation by 2024.Ĭharles acceded to the throne September 8 upon the death of his mother, Britain's longest-reigning monarch, who died at age 96. The Bank of England has announced that it will continue to issue existing notes featuring the queen, following guidance from the Royal Household to “minimize the environmental and financial" impact of any changes. With cash use dropping in favor of cards or mobile payment, fewer coins may be needed in the future.Īs per Bloomberg, UK banknotes will remain the same for now. The change comes at no cost to the taxpayer, the mint says, because coins are always being produced to replace ones that are worn. View Full Image Two new coins bearing official coinage portrait of King Charles III, on the left is the new 50 pence coin, and right is the new 5 pound commemorative coin, which will be among the first coins to bear the new king's head.
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