Australia's modern coinage has only ever known the face of one monarch - Queen Elizabeth II. However, with her passing today and the accession of King Charles III to the throne, that's all set to change. 9News MORE:
The Royal Mint in Canberra is expected to start issuing coins emblazoned with the new monarch's profile in 2023.
The Treasury has been working with the Royal Australian Mint and Perth Mint in order to facilitate the change in recent months. But given the expected timeframe of the transition, coins bearing Queen Elizabeth II's effigy may continue to be minted, and will remain legal tender - even when Charles-stamped coins enter circulation.Queen Elizabeth's long-standing presence on Australian money could soon be a thing of the past.Coins featuring Charles' portrait have already been issued as special edition currency in the UK, including for his 70th birthday.
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