King Charles III: scope of his reign; speculation about the Commonwealth Realms

[<k>]

I would be highly surprised if the UK was able to veto the coinage of the Commonwealth realms, or anywhere else, in that way. The monarch approves the portraits but not the time of the minting of the coinage.

Even if the UK does have the right to such a veto, I doubt that it would use it. Such a move would be considered tactless and disrespectful. That is my opinion as an Englishman, though I may be wrong.

[Alan71]

It will be interesting to see what portrait they use though.  The Arnold Machin portrait of the Queen was the first to be used across the Commonwealth, with the Maklouf and Rank-Broadley following suit.  The Jody Clark portrait as issued in the UK seems to be exclusive, with other countries/territories using other designs.

[<k>]

The Arnold Machin portrait of the Queen was the first to be used across the Commonwealth

Yes, and Rhodesia (1964), Canada (1965), Australia and Gambia (1966), and New Zealand (1967) all used it before the UK got it in 1968.

The Commonwealth Realms and Overseas Territories these days do not like to follow the UK's example. They often like to use a different portrait from the UK's.




Yes, let's see if the Royal Mint produces an uncouped portrait of King Charles III for overseas.

[<k>]

Extracts from Commonwealth Ponders King Charles on Coins by Richard Giedroyc of Numismatic News.

According to a recent Bank of Canada statement, "There is no legislative requirement to change the design within a prescribed period when the monarch changes." New coin and bank note designs may come "a few years later."

Sources indicate the Reserve Bank of New Zealand plans to exhaust its stock of coins and bank notes on which Queen Elizabeth II appears prior to releasing any currency on which Charles III will appear.

"It will be several years before we need to introduce coins featuring King Charles the Third, and longer until stocks of $20 notes are exhausted," according to a RBNZ statement. The bank has no "plan to destroy stock or shorten the life of existing bank notes just because they show the queen."

The Reserve Bank of Australia recently stated, "There will be no immediate change to Australian bank notes. The reigning monarch has traditionally appeared on the lowest denomination of Australian bank note. The Reserve Bank will provide further updates in due course."

No statement was immediately available regarding design changes for coins struck at the Royal Australian Mint.

The Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank, Bank of Ireland, Northern Bank Limited, and Ulster Bank each issue bank notes, none of which depict a vignette of the late queen. It is unlikely King Charles III will grace their future notes either.

[Big_M]

Extracts from Commonwealth Ponders King Charles on Coins by Richard Giedroyc of Numismatic News.

Poorly researched article.

They mention Jamaica which has not shown the Queen on circulations coins since 1969.

For Australia, Canada and NZ the important aspect is that they all release each year full collector's sets of circulation coins (unc and/or proof), so the decision is to be taken promptly and not only in function of the available stocks of circulation coins. 

[<k>]

For Australia, Canada and NZ the important aspect is that they all release each year full collector's sets of circulation coins (unc and/or proof), so the decision is to be taken promptly and not only in function of the available stocks of circulation coins. 

So the question now is, will Australia, Canada and NZ show QEII or CIII on their 2023 collector sets? 2023 will be an interesting year for collectors, as they await the answers to these questions.

[redlock]

So the question now is, will Australia, Canada and NZ show QEII or CIII on their 2023 collector sets?

From an economic standpoint, the answer is very simple: QEII sets sold in early 2023 (''Buy now, the last one with QEII effigy!), and KCIII sets later (Buy now, the first with the effigy of the new king). The mints can double the sales of these sets. 
If I were a betting man I would put my money on Australia and Canada for doing it this way.

[<k>]

If I were a betting man I would put my money on Australia and Canada for doing it this way.

But not New Zealand?

[redlock]

But not New Zealand?

In my opinion, Canada and Australia will go first. NZ will eventually follow Canada because (AFAIK) NZ's coins are minted by the RCM.

[<k>]

According to the Reserve Bank of New Zealand:

New Zealand's $1 and $2 coins are minted by the Royal Mint in the United Kingdom. The 10 cent, 20 cent and 50 cent coins are minted by the Royal Canadian Mint.

[GCVO]

So the question now is, will Australia, Canada and NZ show QEII or CIII on their 2023 collector sets? 2023 will be an interesting year for collectors, as they await the answers to these questions.

Australia's have already been released and have Elizabeth II.

[<k>]

Australia's have already been released and have Elizabeth II.

Do you have a link to an image of the new set? RAM's website is not easy to navigate.

[redlock]

RAM's website is not easy to navigate.

Yes. It's horrible.

Do you have a link to an image of the new set?

Australia Post sells the sets, too. Here's a link:

https://auspost.com.au/shop/product/2023-uncirculated-six-coin-year-set-vegemite-centenary-2050516

[Alan71]

Various listings on eBay have photos of the actual coins - all with the Queen "naked" portrait (as I call it) by Jody Clark.

An example:

[<k>]

Thank you. Well, the King did say that he did not want to see any wastage of already minted coins.

I am sure that QEII would have agreed with that sentiment too.