AUSTRALIA RELEASES NEW $1 KING CHARLES COIN

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The E-Sylum: Volume 26, Number 51, December 17, 2023, Article 24

AUSTRALIA RELEASES NEW $1 KING CHARLES COIN

Don Cleveland passed along this article about Australia's new Charles III coins. Thank you. -Editor

The first Australian coins featuring King Charles' head on them are now in circulation across the country, joining the millions featuring his late mother Queen Elizabeth.

The effigy of King Charles III will feature on the new $1 coins being manufactured by the Royal Australian Mint.

The first batch of 3.5 million coins have been delivered to the banks and will join the coins featuring the effigy of the late Queen Elizabeth II, which will continue to remain in circulation.

Under a tradition dating back to at least the 17th century, successive monarchs face in different directions on the coins. Queen Elizabeth II faced to the right.

King Charles III now faces to the left.

The coin was designed by the Royal Mint in London, with the effigy getting the approval of the royal family.

The remaining denominations of circulating coins will be released progressively in 2024, based on bank demand.

Don adds:

"I have yet to see a Charles III coin, but have been told they are out there. What other countries have released any? "

To read the complete article, see:
Australian Royal Mint releases new $1 King Charles coin into circulation (https://www.news.com.au/finance/business/banking/australian-royal-mint-releases-new-1-king-charles-coin-into-circulation/news-story/fac2262586791413afd2946a89e3e100)

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