When the Queen dies and Charles III becomes King, what will happen to the current forms of money?

Question

I mean notes and coins.

They all have Queen Elizabeth's head on them and I'm assuming it's because she is the current Queen. So when Charles III becomes King, will they make new coins and notes?

I'm pretty sure it will take years and years and years for every form of money to be replaced. Just how long do you think it will take?

One last question, who thinks that it would be a good idea to accept the Euro instead of having Charles III head on our currency? I personally hate the idea of getting used to completely different prices for everything.

Answer 1

It will remain legal tender but new coinage etc wil have Charles, Arthur George's  head upon it facing left

Answer 2

the old ones will simply be phased out.  Its like the new £20 notes.  You can still use the old ones but their numbers are slowly dropping because every time any old ones get sent to a bank they get replaced with new ones.  It doesn't actually take all that long for the currency to change.

Answer 3

Money is being renewed all the time. £50 notes can last for three to four years but the £5 has a life expectancy of about nine months. As money goes through the Bank of England old is replaced for new. This happens quicker than you may think. When did you last see the old large 50 pence piece?

I'm not a fan of the Euro although I use it every day and Prince Charles may not become King Charles. History has not been too kind to previous monarchs of this name and Prince Albert assumed the title King George VI.

Answer 4

All of your currency will be "Chucked".

Answer 5

Sorry this isn't answering the question! I found this answer funny:

>All of your currency will be "Chucked".<

Now for the answer:

The currency (so long as we don't have the Euro) will be gradually phased out and the new notes/coins gradually brought in!

Under this government though we will be totally handed over to those European Bureaucrats in Brussels before the queen dies!

Answer 6

I knew about the money being phased out, but hadn't thought of all the other things some of you have raised.  Thanks for the interesting lesson!  (I know this isn't really an answer, but I wanted to say I had enjoyed reading the other answers, they taught me a lot.)

Answer 7

sadly yes i hate him, he's so ugly. ££££££'s all the way

Answer 8

It will still work as valid money, but they will probably mint a new set of your coins with Prince Charles' image on them, but only after the Royal Mint reworks their dies to mint oval shaped coins, because your Prince has big ears, yo!

Answer 9

Old form remain in currency. New Charlie coins will have large ears attached and will look very dull.

Answer 10

Unless our currency is changed to euros the currency will be the same. The only difference will be that Charles` head, or whoever becomes the monarch, will face in the opposite direction to that of ER11.  The only time it didn`t change direction was because of the profile vanity of  Edward V111 who quickly abdicated anyway.  Yes, he faced the same way as his father...

Answer 11

Existing coins will remain in circulation until such time as they're withdrawn through having lost value through inflation or the size of new coins having changed, they'll just produce new coins with Charles III (or maybe George VII)'s head on them. When I was a kid in the 1960s you could quite often get pennies with Edward  VII (1902-1910) head on them, and sometimes even Queen Victoria's.

The Bank of England will no doubt produce new banknotes, but there's no particular rush - it usually takes 4 or 5 years to completely replace a series of banknotes. They might decide not to have the kings' portrait on the notes anyway, the queen only appeared on their notes starting in 1960, and earlier kings never appeared on Bank of England notes. The Scottish and Northern Irish banks' notes would be unaffected because the Queen doesn't appear on them anyway,

As for if we ever adopt the euro, then king Charles/George's head can appear on the UK coins in exactly the same way that King Juan Carlos appears on Spanish euro coins, King Albert on Belgian euro coins, Queen Beatrix on Dutch euro coins, or Grand Duke Henri on Luxembourg euro coins.

Answer 12

He will not become King. He will be living a normal life still doing what he loves doing. William will become King.

Answer 13

Charles apparently wants to call himself George VII when he becomes King, since the two previous Kings called Charles weren't particularly successful.

As far as currency is concerned, there shouldn't be much difference. It'll simply be that newly minted coins will have the new King's head on them, but the older currency with the Queen's head will still be perfectly legal tender. There will be no change in value apart from the usual rate of inflation.

I remember before the decimal coinage came in in the early 1970s, there were still coins in common usage with every monarch's head on them since Queen Victoria.

That being said, I would be quite happy if we changed over to the Euro anyway, as long as it doesn't cause prices to go up

Answer 14

If and when Charlie gets the job, the currency will be the least of our problems.

Answer 15

Can't answer your first question cos I've often wondered about that, but to your last question - I don't want the Euro. It's easier to just keep with what we've got, why fix summin' that ain't broke? Plus I can't be a**ed to learn a new currency, too lazy :P

Answer 16

They will all take it out and run back to Germany.

Answer 17

It will stay in circulation and be phased out slowly

Answer 18

Charles will never be King, Sweetie.  Queen Elizabeth was ready to retire and turn the throne over to him when he screwed up with Camilla Boles whatever her name is, and Princess Diana was going with Do-Do or whatever his name was.  When that c**p finally resolved itself the Queen decided to stay on the throne until Prince William became of age and turn it over to him--a much better choice than Charles ever was.  At least he's easy on the eyes!  When William ascends to the throne the money will then be referred to as "The King's" so-and-so and it will undoubtedly be reprinted to reflect who is on the throne. Remember, Queen Elizabeth succeeded her father (a King) to the throne in 1953? 54?  I was a little girl but I remember being SO impressed because she was riding in Cinderella's coach! Life was so simple way back then!!!  BTW, their language will also be referred to as The King's Englsh instead of how it is now referred to as The Queen's English.  Personally, I don't think the Royals will be around a century from now.

Answer 19

Incidentally, the Armed Forces will have to replace all their uniform buttons and cap badges as these currently feature a Queen's crown.  They will need to be replaced with the slightly different shape of the King's crown.

Answer 20

i will draw a moustache on queen's face.

Answer 21

Metal currency with the Queen's head will remain valid and Charles 111's head will be commissioned. It will adorn all metal money and medals with the head facing the other way in acc with custom. No Euro's please, our metal cash has a long history and losing the half-crown was a bad enough blow.

Answer 22

For every sovereign,new monies are made. And Charles may choose any of his  names(Charles Philip Arthur George) to be known as;many people assume that he may want to honor his grandfather George VI,and another similarly named king and choose "George."

I was a little surprised when Great Britain didn't join the countries using the Euro,but have read that keeping their current monetary system is a way of keeping their identity.

Answer 23

It will turn to dust as Charles laughs wickedly and apocalyptic music plays in the background.

Answer 24

Money never goes out of date until they either phase out the coin or replace it with a different size (as has happened with all the silver coins in the last 10-15 years). Shillings and florins from previous monarchs were still legl tender until they changed the size of the 10p and 5p coins.

On his ascension notes will start to be printed with his portrait rather than his mother's and coins will also bear his head as will stamps (but again they are valid forever - unless they change the currency).

Even if we did adopt the Euro, each country has it's own symbol on the back so we'd still have the monarch's head (just like the Netherlands). Why would we want to join the Eurozone and lose control of our entire economy? They also have higher unemployment, higher inflation and eurozone economic confidence is at an all-time low.

BTW Charles has indicated he'll probably use the Regnal name George VII not Charles III.

Answer 25

All images of the Queen on our currency, including coins will be replaced with Charles. Also all postboxes will be changed from E II R to C III R i think and any other references to the current Queen.

Answer 26

The coins and notes won't be replaced immediately.  The older amongst us will remember still using coins with George VI's head on up until the mid to late 80's (30 years after his reign ended) - One and Two Shilling coins were used a 5p and 10p coins respectively.

There are still Victoria R and George R postboxes in my area, so they won't necessarily all be changes either.

Also, Charles is not going to be known as Charles III.  He will take his grandfather's name and become George VII.

As for your last question  - No to the Euro for me, I would rather keep our own money.