Coin Press - King Charles coins enter UK circulation

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King Charles coins enter UK circulation / Photo: TOM HARRISON - Royal Mint/AFP/File

King Charles coins enter UK circulation

ECONOMY 08.12.2022

The first coins bearing the likeness of Britain's King Charles III entered circulation Thursday, The Royal Mint announced.

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The new 50 pence (60 US cent) piece features an effigy of Charles, who became king after the death of his mother Queen Elizabeth II in September.

The Royal Mint, official producer of UK banknotes and coins, is initially releasing 4.9 million of the coins via transactions made at the country's postal offices.

Millions more will eventually enter use, with Charles's head featuring on all denominations.

The effigy is the work of British sculptor Martin Jennings and was personally approved by the king.

Charles's head faces left, in line with a tradition that the new monarch looks the opposite way to their predecessor.

The reverse side celebrates the life and legacy of Elizabeth, using the coin design for her coronation in 1953.

The coronation of Charles takes place on May 6.

T.Morelli--CPN

Coin Press - King Charles coins enter UK circulation

King Charles coins enter UK circulation

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