In a momentous occasion that blends tradition with modernity, the Royal Australian Mint has recently introduced the eagerly awaited $1 King Charles coin into circulation.
This week across the country, banks have received the first batch of 3.5 million $1 coins that bear the effigy of the Commonwealth’s new king.
The Design
The $1 King Charles coin boasts an exquisite design that captures the essence of King Charles III.
The obverse of the coin features a detailed portrait of the monarch, showcasing his regal attire and dignified demeanour. The meticulous craftsmanship and attention to detail on the coin highlight the Mint’s commitment to producing coins of exceptional quality.
In line with tradition, the King Charles III is facing left, in an about-face from the reign of the late Queen Elizabeth II, who faced right.
Circulation and Accessibility
Millions of Australians will be trying to “get their own little piece of history”. Said Assistant Minister for Treasury Andrew Leigh.
The total mintage for the 2023 King Charles $1 coin is 10 million. As a comparison, the new $2 coin set has a mintage of 35,000. This means they’ll be very accessible for collectors, so keep an eye out.
But collectors beware. Online sellers are attracting buyers and collectors with uncirculated rolls going for as much as $65 – $150.
It’s important to note to the uninformed that coins carrying the image of Queen Elizabeth II will remain legal currency.
