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In this video I speak about what’s going to occur to our cash and bullion now that the Queen has died and we’ve got a New King. Queen Elizabeth 2nd has handed and we could have a brand new face on our cash, King Charles third. It is an thrilling time however one with a variety of unknowns.
These are a number of the most important questions I will reply about The Death of Queen Elizabeth The Second.
Will the Royal Mint cease minting cash with the Queen on them?
Will Elizabeth II cash change into uncommon? Should I preserve them?
What approach will King Charles face on his cash?
Will upcoming UK commemorative coin releases occur?
In the previous, manufacturing of recent cash has been halted upon the dying of a monarch.
However, it has been seven many years because the Royal Mint has needed to problem coinage for a brand new King or Queen so what labored then might not make sense in the present day.
What we do know is that The Royal Mint holds stockpiles of cash which might be launched into circulation to maintain up with demand for coinage. Production of extra Elizabeth II cash on the Mint’s plant in Llantrisant, close to Cardiff, would possibly nonetheless be needed as a stopgap measure.
When will King Charles cash be out there?
We will not see any new cash with King Charles’ face on them till January 2023 and getting ready these might be a giant enterprise.
Though we have seen Charles face on UK commemorative cash throughout his time as Heir Apparent, The Royal Mint must fee a brand new engraving of him. Supposedly, Charles refused to take a seat for a coin portrait whereas his mom was alive.
Each of Elizabeth II’s 5 definitive coinage effigies had been chosen through an nameless competitors. Charles III’s portrait will probably be picked in the identical approach. Entries are assessed by the Royal Mint Advisory Committee and their selection is permitted by the Chancellor of the Exchequer and in the end the monarch themselves.
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