World

King Charles 50 Pence Coins Enter Circulation In UK


King Charles 50 Pence coin in circulation in the UK

The first coins featuring King Charles III will begin to appear in circulation. (File)

London:

The first coins featuring King Charles III will start appearing in circulation at Post Offices across the UK from Thursday, with millions of new 50pence coins featuring the new king being exchanged for client.

The 74-year-old monarch coin reflects the transition from the late Queen Elizabeth II’s Elizabethan era to Charles’s Carolean era, with the reverse also commemorating the Queen’s life and legacy.

Rebecca Morgan, Director, said: “Today marks a new era for UK mint, with an effigy of King Charles III appearing on the 50 cent coin in circulation. This is a great opportunity to Coin collectors add to their collection or start one for the first time”. by Collector Services at the Royal Mint.

“We anticipate a new generation of coin collectors emerging, with those keeping a close eye on their change to try and discover the new 50p coin featuring our new King. The Royal Mint has been trusted to produce coins featuring the King’s effigy for over 1,100 years and we are proud to continue this tradition into the reign of King Charles III,” she said.

A total of 9.6 million 50 pence will be put into circulation, the rest will be put on demand.

According to the Royal Mint, a commemorative version of the coin released in October recorded a record number of visitors to their website in the following 24 hours.

Nick Read, CEO of the Post Office, said: “It is an honor for the Post Office and its Postmasters to have the first coin featuring King Charles III released into circulation through our extensive branch network. we”.

“December is our busiest time of the year so the coin will be introduced into our network in a phased manner. If you don’t get a new 50p on your rollover the first time around. first go to the Post Office, you can get it on your change on a next visit, so keep an eye on it,” he said.

Starting this week, Post Office branches across the country will receive the first batch of 4.9 million 50 pence coins featuring the King, including the Aldwych branch near Clarence House in London – the official residence of the King. King Charles III.

The portrait has been created by the famous English sculptor Martin Jennings and has been personally approved by Charles.

In keeping with tradition, the King’s portrait faces left, opposite to his late mother Queen Elizabeth II.

The obverse, or tail, of the 50 pence coin, whose design originally appeared on the 1953 Coronation Crown, was struck to commemorate the coronation of Queen Elizabeth II at Westminster Abbey and consists of four quarters of The Royal Weapon is depicted in a shield.

In the center of each shield is a symbol of the four countries that make up Great Britain – a rose for England, a thistle for Scotland, a clover for Northern Ireland and a leek for Wales.

All UK coins featuring a portrait or effigy of Queen Elizabeth II will remain legal tender and in active circulation, as historically it has been the case for coins to feature effigy of Queen Elizabeth II. It is normal for different kings to be circulated at the same time.

Royal Mint says this ensures a smooth transition, with minimal environmental impact and costs.

There are around 27 billion coins in circulation in the UK that carry an effigy of Queen Elizabeth II, which will be replaced over time as they become damaged or worn out. Other coin denominations will be produced with the King’s effigy on demand.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

Featured video of the day

“We will analyze the shortcomings”: BJP’s Jairam Thakur with NDTV after the loss of Himachal

news7d

News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button