For the first time in seven decades, Australian currency will feature a new monarch. The new effigy of King Charles III faces the opposite direction on coins to his mother and also sees the king without a crown.
A Watch and Act warning is in place for Mount Sheila in the Shire of Ashburton, WA. Keep up to date withThe Royal Australian Mint in Canberra has unveiled the new effigy of King Charles III that will appear on $1 coins before Christmas.Other denominations with the monarch will be minted in 2024Since 1953, every Australian coin has featured Queen Elizabeth II, with the late monarch's coins remaining in circulation as legal currency.
"The best way for you to access one of those coins … is to use cash. If you use cash, and you get change, you increase your chance of getting a coin," Royal Australian Mint chief executive Leigh Gordon said.The Royal Australian Mint said it would not produce commemorative coins with the image of Queen Elizabeth II from June next year.
"Coins have a life of 30 years, and they pop up from time to time — you can still find a 1966 coin occasionally in your change," Mr Gordon said. "No country in the world has phased out cash, certainly its use is declining, but there are still many moments when Australians like to make use of coins," he said.
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