The Royal Mint announces the release of the last £1 coins featuring Queen Elizabeth II and the new coins depicting King Charles III, a historic transition in British currency.
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FLASH – The Royal Mint has just confirmed that the last batch of £1 coins featuring Queen Elizabeth II is now hitting the streets across the UK. This release includes a staggering over 23 million coins showcasing her image, alongside an additional 7.5 million new £1 coins with King Charles III’s likeness.
This dual launch marks a historic shift in British coinage, symbolizing the transition from the longest-serving monarch to her son.
The Significance of the Release
So, what does this mean for collectors and the public alike? According to the Royal Mint, the coins dated 2022 featuring Queen Elizabeth II are now the rarest £1 coins in circulation.
This momentous occasion highlights not just the end of an era, but also the enduring significance of the monarchy in British history. With almost 31 million coins being released, this is a remarkable event that invites both seasoned collectors and the general public to engage with a unique facet of British heritage.
Rebecca Morgan, the director of commemorative coin at the Royal Mint, shared, “This release represents a pivotal moment in British coinage history. As we introduce more of the King Charles III £1 coins into circulation alongside the final coins of Queen Elizabeth II, we’re witnessing the physical representation of our monarchy’s transition.” Morgan emphasized that this is a prime opportunity for both experienced numismatists and newcomers to dive into coin collecting.
What to Expect in Circulation
As you start to notice these new coins popping up in your change, keep your eyes peeled! The Royal Mint is encouraging everyone to look out for them over the next few weeks. The coins featuring King Charles III boast a stunning bee design on their reverse side, part of a definitive collection inspired by the rich flora and fauna of the British Isles. Since King Charles III’s effigy entered circulation in 2023, only the 50p and £1 denominations have been released with his portrait.
Last August, approximately 2.975 million £1 coins featuring King Charles III were launched. Though the total number of coins in circulation across the UK is around 24.7 billion, these new coins only represent about 0.004% of that figure, making them particularly desirable for collectors.
Future of the Coins in Circulation
Good news for those who cherish history! Despite the introduction of the new £1 coins, all coins bearing Queen Elizabeth II’s image will remain legal tender. This approach is designed to ensure a seamless transition for the public, minimizing both environmental impact and costs associated with changing currency. The Royal Mint’s initiative not only preserves historical significance but also honors the legacy of Queen Elizabeth II while ushering in a new chapter under King Charles III.
In summary, the simultaneous release of these coins is a significant milestone in British history, serving as a poignant reminder of the country’s rich royal heritage. The Royal Mint’s efforts to promote coin collecting could spark interest in a new generation, encouraging them to connect with their past while embracing the future.
