Queen Elizabeth has died, and the news continues to generate an endless number of unexpected reactions throughout the world: strong statements from public figures, memes and even waves of buying and selling of collectible items.
Collectibles? You are right. Now that the Queen is no longer with us, that means a new regent will take over, and one of the consequences of that will naturally be the replacement of coins and bills with Elizabeth’s face. According to experts, it is estimated that this process will take about 2 years.
Currently, there is a total of 4,500 million pounds sterling in circulation worldwide with the face of the late regent of England. Especially the oldest ones already have a value as a collectible in the market. However, in a matter of hours, experts have seen the demand for buying and selling double, generating an unexpected rise in prices.
A COLOSSAL PRICE INCREASE
Queen Elizabeth’s face has been on the UK monetary cone since 1953. Until shortly before her death, while jubilee commemorative coins were part of the collections, never before had there been such great interest in coins. with the face of the late Elizabeth.
For reference, we can look at the case of her 60th Coronation Anniversary £2 coin, produced in 2013. At its launch, it traded for £500.00. However, it currently marks £1000.00; a figure that is expected to increase considerably after the disappearance of Queen Elizabeth in the current monetary cone.
THE NEW COIN DESIGN
According to official statements from the Bank of England, published by the BBC, at least for now the coins with the face of Queen Elizabeth will maintain their legal tender. The Royal Mint, the Official Mint that serves the entire United Kingdom, has also not communicated about a new monetary cone with the face of Carlos III.
According to expert projections, it is believed that the new cone will possibly coexist for some time with coins and banknotes bearing the face of Queen Elizabeth. The same goes for postage stamps, royal seals of approval, mailboxes, postage stamps and passports.
However, as long as the country continues in mourning and King Carlos III does not officially begin to exercise his functions, this information will not be publicly available.
WHAT WILL THE COINS AND BANKNOTES OF CARLOS III BE LIKE?
Just as little is known about when these new coins will come out, the same thing happens with their visuals. There is no advance or official news of how they will be or what face of the King will be engraved on them tukif.
However, there is already a precedent that can give us an idea. In 2018, the Royal Mint issued an anniversary coin for Charles III’s 70th birthday.
Another interesting detail that we can take for granted is the direction in which the face looks: the left. Let us remember, after all, that Isabel’s coins currently circulated with her face looking to the right, and it is a royal tradition that this look is reversed with each new change of mandate.
What other direct consequences do you think will come from the new head of the monarchy?
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