Production of the first circulating coins featuring the King's portrait has started at the Royal Mint. The 50p coin is the first to start the transition from Queen Elizabeth II to her son’s image on the nation’s coinage.
The production of the new coins represents the biggest change to the UK's money since decimalisation. There are approximately 27 billion coins bearing the portrait of the late Queen currently in circulation in the UK and these will remain legal tender, being replaced over time as they become damaged or worn and to meet demand.
Kevin Clancy, director of the Royal Mint Museum, said: “For many people this will be the first time in their lives that they have seen a new monarch appear on money. It represents the biggest change to UK coinage since decimalisation and will usher in a new era where the coins of Queen Elizabeth II and Charles co-circulate in the UK. The new memorial 50 pence marks a moment in history and honours a landmark reign that lasted for 70 years.”
