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Cryptocurrency News Articles

New £1 coin featuring British bees enters circulation

Aug 20, 2024 at 08:12 am

Nearly three million of the new designs will be making their way into people’s pockets and tills across the country this week, via Post Offices and banks throughout the UK.

New £1 coin featuring British bees enters circulation

The first definitive coins of King Charles III's reign have entered circulation, adorned with British bees in a tribute to the King's passion for conservation.

Nearly three million of the new designs will be making their way into people’s pockets and tills across the country this week, via Post Offices and banks throughout the UK.

The £1 coin depicts a pair of British bees on the “tails” side, in honour of the King’s passion for conservation and the natural world, and Charles’ official coin effigy on the obverse or “heads”.

A total of 2.975 million £1 coins are being issued to banks and Post Offices, and they will co-circulate alongside ones displaying the effigy of the late Queen Elizabeth II, which will be replaced over time as they become damaged or worn.

The £1 coin is one of eight designs ranging from the 1p to the £2, inspired by flora and fauna to reflect the King's commitment to the environment, which were created as new definitives – standardised designs seen on the majority of official currency.

Following commemorative coins bearing the King’s portrait, the first Charles III definitive – the 50p depicting an Atlantic salmon – was released in November 2023.

A historic moment of change.

The first definitive coins of His Majesty King Charles III's reign and the last definitive coins of Queen Elizabeth II's reign ? https://t.co/DcmpTSXu6r pic.twitter.com/mC9Et8mube

— The Royal Mint (@RoyalMintUK) October 24, 2023

The other designs, which will be introduced in line with demand, are the 1p showing a hazel dormouse, the 2p red squirrel, the 5p oak tree leaf, 10p capercaillie grouse, 20p puffin, and the £2 with the national flowers – rose, daffodil, thistle and shamrock.

A public poll by the Royal Mint found that the £1 bee coin was the favourite, closely followed by the 2p red squirrel.

They also have a repeating pattern of three interlocking Cs, which gives a nod to history through the cypher of Charles II.

The number indicating the value of the coin has also been enlarged to help children with their counting skills.

Banknotes with the King's portrait went into circulation in June, marking the first time that the sovereign has been changed on the Bank of England’s notes.

Original source:sthelensstar

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