Once Charles is King, does that mean any money with the Queen on it will get reprinted?

Question

.. with Charles ugly face on it instead?

Just wondering.

Answer 1

Yes - Whoever is the next monarch (Charles or William) will have his portrait on the currency & coinage of the UK plus any other Commonwealth countries who still utilize the Queen's image.  

BUT - NO -  the current money will stay in circulation (so we will see Elizabeth II for quite some time) and newly minted coins and currency with the King's image will simply filter into the existing pool of money.  I still see coins from Canada with George VI on them.

I seem to remember that paper money wears out relatively quickly (2 years?) but the coinage seems to last forever.  The Bank of England and the Royal Mint could decide to withdraw a note/coin from circulation but that might be very expensive.  

Over 26,000 million coins are estimated to be in circulation in the United Kingdom. On average around 1,500 million new coins are issued every year - from the Royal Mint.  

Answer 2

You're making an assumption that Charles will be the King. I believe it will be Prince William who will take that position. He'll be so much cuter to look at.

Answer 3

The Bank of England will stop printing any notes with the Queen's image once/if Charles becomes King. Any exisitng notes will remain legal tender as it would be too expensive to recall all the notes, and it would take time to replace the exisiting stock. They would gradually be withdrawn as the notes pass through their life cycle (of around 2 years). The Bank would then print new notes. However, it is not necessarily the case that Charles would appear on the new note design- it is only since 1960 that the monarch has appeared on Bank of England notes.

In Scotland and Northern Ireland, the Queen does not appear on the banknotes issued by the 7 authorised banks that print Scottish and Northern Irish notes.

Answer 4

Prince Charles is next in the line to the Throne, so he will be King, not his son. You can't just pass the Laws of the succession (and apart from some loony Diana fans, I doubt we want it all). William will inherit only when his turn comes.

As for your question: yes, the British Pounds will feature the Monarch - King Charles III.

Answer 5

Yes it is true ,and I believe it is a good thing because;

a)Money undergoes wear and tear and can be recycled and renewed to form new currency(efficient)

b)A change in currency is good once in a while(century).

Answer 6

Yes;a new monarch means new currency.The old versions with the Queen will still be legal tender,but will  gradually and eventually be taken out of circulation.

Answer 7

Most of the smaller notes will dissapear in a few years.In America a $1 note wears out in a little more than one year, while most $100 banknotes last for 7 years.

It does raise an interesting question for commonwealth countries. Will they switch to banknotes with more national symbols. If Britain has switched its currency to the Euro by then, it would seem funny for Canada to print a banknote with King Charles.

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The decision to put the face of the monarch on all of the UK banknotes only dates to 1960 (8 years into Elizabeth's reign). Before that year the face of the  monarch  was only used sporadically. It's a recent tradition and could quite possibly change.