Royal Mint produces first coin featuring King Charles III

The move begins the transition from Queen Elizabeth II to her son’s portrait on the nation’s coinage, though a memorial 50p piece in honour of the late Queen will appear in banks and post offices from December.

Workers at the Royal Mint in Llantrisant, south Wales, will produce 9.6 million copies of the coin to mark the Queen’s death at the age of 96.

In tribute to the Queen, the reverse of the 50p features the design that originally appeared on coins to commemorate her coronation at Westminster Abbey in 1953.

It includes the four quarters of the Royal Arms depicted within a shield, with emblems of the home nations – a rose, a thistle, a shamrock and a leek.

There are approximately 27 billion coins bearing the portrait of the late Queen currently in circulation in the UK and these will remain legal tender, being replaced over time as they become damaged or worn and to meet demand.

Historically, it has been common for coins featuring different monarchs to be used at the same time and this will now happen with coins of the late Queen and Charles.

Kevin Clancy, director of the Royal Mint Museum, said: “For many people this will be the first time in their lives that they have seen a new monarch appear on money.

“It represents the biggest change to UK coinage since decimalisation and will usher in a new era where the coins of Queen Elizabeth II and Charles co-circulate in the UK.

“The new memorial 50 pence marks a moment in history and honours a landmark reign that lasted for 70 years.”

The coins will be made on demand in line with the wishes of the King and the late Queen, who asked for minimal waste during the process.

Rebecca Morgan, director of collector services at the Royal Mint, confirmed that “nothing is removed or changed just for change’s sake”.

“It wasn’t unusual to see two or three different monarchs on coins before decimalisation,” she said.

“As a result of decimalisation, most people under the age of 50 only ever have seen Queen Elizabeth II in their pockets.”

The 50p coin was chosen as it is one of the most popular for people to start collecting.

“I think it is really poignant that the King’s first coins are in tribute to his late mother,” Ms Morgan added.

“The only difference on the reverse of the coin is the date on either side of the leek, which is 2022 rather than 1953.”

It takes between 18 months to two years to design a coin, with the monarch personally signing off each one.

Before her death, the Queen signed off a number of coins – including a Harry Potter commemorative series – and production of these will continue.

This will mean that two of the Harry Potter series will feature the Queen, with the final two bearing the portrait of the King.

Production of coins with the Queen’s portrait will conclude by the end of the year.