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Final £1 coins bearing face of late Queen Elizabeth II enter circulation | Final £1 coins bearing face of late Queen Elizabeth II enter circulation |
(about 8 hours later) | |
The last batch of £1 coins bearing the face of the late Queen Elizabeth II is entering circulation, with more than 23 million of them destined for tills and people's pockets. | The last batch of £1 coins bearing the face of the late Queen Elizabeth II is entering circulation, with more than 23 million of them destined for tills and people's pockets. |
The Royal Mint said the release of the final Elizabeth II coins, dated 2021 and 2022, marks "a pivotal moment in British coinage history". | The Royal Mint said the release of the final Elizabeth II coins, dated 2021 and 2022, marks "a pivotal moment in British coinage history". |
Alongside them, a further 7.5m new King Charles III coins are also entering circulation. | Alongside them, a further 7.5m new King Charles III coins are also entering circulation. |
His face has been seen on UK coins since 2023, but only on £1 and 50p denominations so far. | His face has been seen on UK coins since 2023, but only on £1 and 50p denominations so far. |
Rebecca Morgan, director of commemorative coin at the Royal Mint, said: "As we release 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." | Rebecca Morgan, director of commemorative coin at the Royal Mint, said: "As we release 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." |
She said she hoped finding the new coins in your change could "spark a rewarding hobby" for some, with the Royal Mint encouraging people to check to see if they receive any in the coming weeks. | She said she hoped finding the new coins in your change could "spark a rewarding hobby" for some, with the Royal Mint encouraging people to check to see if they receive any in the coming weeks. |
While the coins were struck up to four years ago, they are being issued now because of demand for £1 coins, the Royal Mint said. | While the coins were struck up to four years ago, they are being issued now because of demand for £1 coins, the Royal Mint said. |
The 2022 coins will become the rarest in circulation, they added, with 7.735 million of those being released. | The 2022 coins will become the rarest in circulation, they added, with 7.735 million of those being released. |
There are about 24.7 billion coins in circulation across the UK, with the King's coins currently only making up 0.004% of those. | There are about 24.7 billion coins in circulation across the UK, with the King's coins currently only making up 0.004% of those. |
Some 2.975 million £1 coins featuring the King were released last August by the Royal Mint, based in Llantrisant, Rhondda Cynon Taf. | Some 2.975 million £1 coins featuring the King were released last August by the Royal Mint, based in Llantrisant, Rhondda Cynon Taf. |
They feature an intricate bee design on the tails side, representing his love of nature. | They feature an intricate bee design on the tails side, representing his love of nature. |
They are one of eight new designs that will eventually appear on the nation's coins, from the 1p to the £2. The country's flora and fauna will feature on them all, with animals including the red squirrel, puffin and dormouse depicted. | They are one of eight new designs that will eventually appear on the nation's coins, from the 1p to the £2. The country's flora and fauna will feature on them all, with animals including the red squirrel, puffin and dormouse depicted. |
While they are the same size and shape as previous coins, the new designs feature larger numbers to help children identify figures and learn to count. | While they are the same size and shape as previous coins, the new designs feature larger numbers to help children identify figures and learn to count. |
The change of design followed the death of Queen Elizabeth in September 2022, and the accession to the throne of the new King. | The change of design followed the death of Queen Elizabeth in September 2022, and the accession to the throne of the new King. |
All UK coins featuring the late Queen's profile remain legal tender and in active circulation, alongside her son's coins. | All UK coins featuring the late Queen's profile remain legal tender and in active circulation, alongside her son's coins. |
In general, coins usually last 20 years - so the Queen Elizabeth and King Charles coins will be in circulation together for some time to come. | In general, coins usually last 20 years - so the Queen Elizabeth and King Charles coins will be in circulation together for some time to come. |
The Royal Mint has made the circulating coinage for England of each of Britain's monarchs since Alfred the Great. |
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