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Australia’s New King Charles III Coin Effigy Revealed!
More than a year after the death of Queen Elizabeth II, The Royal Australian Mint have officially announced the release of their first coins featuring King Charles III.
For the first time in 70 years, and after more than 15.5 billion coins were minted with the face of the late Queen, the Australian $1 coin will feature an effigy of the King.
Credit: AAP
The King’s image
The King’s image that features on these brand new $1 coins will be the official Commonwealth effigy, available for use by all British Commonwealth countries. As with all official portraits of reigning monarchs, the new effigy has been personally approved by King Charles III.
As with our UK coins, this new Australian $1 coin sees the monarch facing the opposite direction to his predecessor, Queen Elizabeth II.
Credit: The Perth Mint
A major change for Australian Coinage
During her reign, six effigies of Queen Elizabeth II have featured on Australian coinage, however the latest change was only 5 years ago. From 1998 to 2018, with the exception of 2000, it was Ian Rank-Broadley’s effigy that featured on Australian coinage.
In 2018, a new effigy of the Queen by Jody Clark was approved and made it’s way onto Australian coins in 2019.
Considering that the Queen Elizabeth effigy only changed fairly recently, the introduction of King Charles III is sure to cause a huge shake up in Australian coinage.
How many will enter circulation?
The final mintage figure of the 2023 Australia $1 is yet to be confirmed, however, The Royal Australian Mint have announced that an estimated 10 million will be circulating by Christmas.
Most Australians will never have held a circulating coin featuring a King on the obverse, so this new issue is guaranteed to attract the attention of not only collectors, but anyone who regularly uses coinage.
The $1 is the only denomination to feature His Majesty at the moment, however The Royal Australian Mint have said that the $2, $5, 10 cent, 20 cent and 50 cent coins will be released gradually next year.
When will we see the King on UK coinage?
Although we’ve already seen the King’s effigy on commemorative UK 50p, £2 and £5 coins since the Queen Elizabeth II Memoriam coin range last year, it’s just been announced that all UK coins are set to change. As the full range of circulating coins from the 1p to the £2 will not only feature the King, but are also set to receive brand new reverse designs.
As perhaps the biggest change we’ve seen to UK coinage in decades, we’re expecting a huge collecting rush for the New UK Coinage for King Charles III and can’t wait to see the new coins when they’re released.
Keep an eye on our social media and website as we’ll be updating you as soon as we have more information on these exciting new coins.
Coming soon…The Lion, the Witch and the Wardrobe 50p!
Excitingly, a brand new UK 50p coin will be issued to celebrate the beloved story, The Lion, the Witch and the Wardrobe.
The Lion, the Witch and the Wardrobe was the first novel in the Chronicles of Narnia collection by fantasy author, C. S. Lewis. The story, first published in 1950, is beloved by many and considered an introduction to the fantasy literature genre.
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The 20p coin that could make you a mint!
Have you ever noticed something particularly unusual about one of your coins? Perhaps a missing date, denomination or an error in the design?
Well, that’s what happened to one collector who noticed something unique about their 20p coin…
A ‘spectacular error’
The 20p in question was minted in 1990 for a British overseas territory, and was sold as part of a set. However, instead of having the usual cupro-nickel finish, it was struck on a copper-plated blank intended for a different country.
Credit: SWNS
Collector, Alun Barker saw this unusual coin listed on eBay in December 2017 and bought it for just £50. But he was pleasantly surprised when, just a month later in January 2018, the coin was confirmed as a genuine error by The Royal Mint, who issued a certificate of accreditation. They also confirmed it was the only known 20p in existence with with error, making it one of a kind!
Exceeding expectations at auction
Alun decided to have the coin valued by specialists, Tennants Auctioneers, who initially estimated it could fetch as much as £1,200 at auction. However, when he decided to part with the coin in August 2023, Alun was astonished to find out it had sold for a whopping £1,400!
Credit: tennants.co.uk
Not the first rare 20p error…
The ‘Bronze 20p’
In 2017, collector David Crosier found a 20p coin with an unusual finish, which he assumed to be bronze plated. He sent the coin to The Royal Mint to check, and after x-ray fluorescence spectrometry, they confirmed it was a genuine minting error.
Somehow, a 1p blank had made its way into the presses and a 20p was mistakenly struck onto it.
Find out more about this extremely rare error coin >>
The undated 20p
Considered by many as the ‘Holy Grail of change collecting’, the undated 20p is undoubtedly at the top of most serious collectors’ wish lists. In 2008, an unknown number of 20p coins were released into circulation without a date on either the obverse or reverse. This followed a die mix up after the new Royal Shield design was introduced.
The Royal Mint confirmed this was the first time in over 300 years that a coin had entered circulation without a date, making it extremely sought-after by collectors. They also confirmed that, whilst exact quantities are unknown, no more than 250,000 of these undated coins made it into circulation.
These coins have been listed on the secondary market with a value as high as £10m, however you should always check the sold listings on secondary market sites to see how much collectors are actually willing to pay for a coin.
Our latest eBay Tracker shows that the undated 20p is currently selling for around £52.
Find out more about the undated 20p >>