![]() ![]() What about the $5 note?Īs with coins, there’ll be a choice for some time between a new one with Charles III and one with Elizabeth II, and “all existing” $5 notes can continue to be used. But as the transition will take some time, coins will continue to be minted bearing the Queen in weeks to come. With speculation over the Queen’s health dating back months, the Treasury has been working with the Royal Australian Mint and the Perth Mint to plan for the change in image that comes with a new sovereign.įrom this time, coins with the portrait of both sovereigns will comingle in circulation. The Royal Australian Mint expects the new coins will be released in 2023. Sign up to receive an email with the top stories from Guardian Australia every morning ![]() Theophilos said there would be a number of portraits in contention, however the winner would ultimately be selected on what looked “regal, appropriate and realistic”. This would continue a royal tradition dating back to Charles II in 1660. The new coins will use an image supplied by the UK Royal Mint and are likely to feature King Charles III facing left, the opposite way to his mother. ![]() “2018 is the most recent version, but others still remain in circulation.” What will the new coins look like? “Since 1953, there have been six different portraits of the Queen issued on our coins, slowly showing the process of ageing,” he said. Australian Catholic University researcher Dr Michael Theophilos said it would be a matter of gradually taking older coins out of circulation and issuing new ones, as has been done in the past. ![]()
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