King Charles III's Reign Ushers in a New Era of Currency
The UK's tribute to nature and the monarchy ...
Posted by Roger Eddowes on 16/10/2023 @ 8:00AM
The UK is set to introduce a fresh set of coins, and they're not just any coins. These coins, designed to commemorate the reign of King Charles III, are not only a nod to the monarchy, but also a tribute to the country's rich biodiversity ...
The UK's new set of Charles III coins is more than just currency!
The Royal Mint has taken a unique approach with these coins. They've been designed with the dual purpose of aiding children in their numerical learning journey and celebrating the UK's flora and fauna.
"The coins range from 1p to £2!"
They will feature prominent numbers and images of various species, some of which are under threat. This initiative is expected to resonate with children, making the process of learning to count and understanding money more engaging.
Among the species featured are the hazel dormouse on the 1p coin, whose population has seen a significant decline since 2007, and the red squirrel on the 2p coin. The £1 coin showcases bees, while the £2 coin beautifully represents national flowers from the four countries of the UK.
All the coins are distinct. While past coins have featured elements of the natural world, this set is entirely dedicated to it. This shift underscores the importance and fragility of our natural environment!
In addition to the natural world, the coins also pay homage to the monarchy's history. The three interlocking Cs on the coins symbolize the third King Charles, drawing inspiration from Charles II's cypher. Moreover, the edge inscription of the £2 coin, chosen by King Charles III himself, reads, "In servitio omnium", translating to "In the service of all", a phrase from his inaugural speech.
The design of these coins also follows a longstanding tradition where the profile of the monarch faces the opposite direction of their predecessor. King Charles III's profile faces left, contrasting with Queen Elizabeth II's right-facing profile.
"These coins are set to enter circulation soon!"
However, the new banknotes featuring King Charles III are in the printing phase and are expected to be introduced by mid-next year. The transition will be gradual, ensuring compatibility with machines like self-service tills.
The UK's new set of coins is more than just currency. It's a celebration of the country's rich natural heritage and a tribute to its monarchy.
Until next time ...
ROGER EDDOWES Business Godparent
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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