Photos depict King Charles III's effigy on The Royal Mint.
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Following the death of Queen Elizabeth II, several images purportedly showing King Charles III's effigy on the new Royal Mint currency began circulating on social media.
Misbar investigated the circulating claim and found it to be satirical.
The official prototype or framed photo of the new English currency has not been revealed by official sources.
Banknotes Announcement by the Bank of England
Following Queen Elizabeth II’s death, the Bank of England revealed in a statement published on September 8, 2022, that the current banknotes will still be valid, and they will announce updates after the period of mourning. “Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England banknotes will be made once the period of mourning has been observed," the statement said.
Will Australia and Canada Adopt Charles III’s Effigy?
The federal government stated that King Charles III coins will start to circulate in Australia “sometime in 2023.”
According to Assistant Minister for Treasury Andrew Leigh, more than 15 billion coins bearing Queen Elizabeth II's effigy have been produced since Australia's decimal currency transition in 1966.
“It will be a remarkable moment when Australia moves from having, not a queen on the coin, but the King,” Leigh said.
He also assured Australians that coins featuring the Queen's image would remain valid forms of payment.
Depending on the actions taken by the government of Prime Minister Justin Trudeau, Charles' photo will be added to Canadian coins. The Canadian $20 bill and the back of Canadian coins also display Elizabeth III's likeness.
The Royal Mint Certified £5 Coin with the Effigy of Charles III
This is not the first time Charles III's effigy has appeared on the currency.
On November 14, 2018, HRH The Prince of Wales marked his milestone 70th birthday. To commemorate the occasion and honor his lifetime dedication to the British people, the Royal Mint issued an official commemorative £5 coin.
King Charles Will Face Opposite Direction on New Coins
According to the Canberra Times, coins depicting Charles are expected to be left in Australia. On current coins, the profile of the queen is shown facing right. The practice of switching the directions of the profiles is thought to have been introduced by Charles II in 1660.
Edward VIII, who reportedly insisted that his profile should face left, is the only exception to the norm.
Leigh Gordon, CEO of the Royal Australian Mint, stated that minting would start as soon as an effigy approved by Buckingham Palace had been received and tested.