New one pound coins featuring King Charles enter circulation across the UK

People are being encouraged to look out for new one pound coins featuring King Charles as nearly three million enter circulation across the UK via Post Offices and banks.

Nearly three million new one pound coins featuring King Charles have entered circulation across the UK via Post Offices and banks.

The coins, which could be worth a small fortune to collectors in years to come, will begin appearing in people's change from Monday, February 27.

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.

Rebecca Morgan, director of commemorative coin at The Royal Mint, said: “The Royal Mint has made the circulating coinage of each of Britain’s monarchs since Alfred the Great and it is an honour to reveal that King Charles III’s £1 coin is now in circulation.

“We know there’ll be a buzz of excitement amongst collectors and the public to get this special piece of history in their change.

“We hope the designs across all denominations spark important conversations about the conservation of these important species.”

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

The other designs, which will be introduced in line with demand, are:

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.