New King Charles 50p coins enter circulation in the UK

A commemorative 50p coin marking King Charles III's coronation enters circulation in the UK today.

Post Office and bank branches throughout the country will receive five million 50p coins which feature a design celebrating His Majesty’s coronation earlier this year.

All UK coins bearing the effigy of the late Queen Elizabeth II will remain legal tender and in active circulation.

"This is a special moment for the nation, as members of the public will have the opportunity to find a piece of history in their change," said Rebecca Morgan, director of commemorative coin at The Royal Mint. "We anticipate the coronation 50p coins will be highly sought after among coin collectors and members of the public keen to own a piece of British history.”

The reverse (tails) design of the new 50p features Westminster Abbey, in a nod to the location of the coronation. At the centre of the design is The King’s official cypher, representing him at Westminster Abbey being crowned as King. The design was created by Royal Mint Designer Natasha Jenkins.

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The obverse (heads) of the 50p features His Majesty’s official coin portrait which was unveiled in September 2022 and designed by British sculptor Martin Jennings.

All 50p coins entering circulation will feature His Majesty’s uncrowned portrait, differing from the commemorative coronation coins that were unveiled to the public earlier this year.

“The Royal Mint has had the honour of striking coins for every British monarch since Alfred the Great and we are proud to continue that long history with the introduction of His Majesty’s official coinage," added Morgan.

This is the second 50p to enter circulation bearing His Majesty’s official coin portrait. The first was the Memorial 50p, which entered circulation in December 2022, marking the historic transition from Queen Elizabeth II to King Charles III.

Historically it has been commonplace for coins featuring the effigies of different monarchs to co-circulate. This ensures a smooth transition, with minimal environmental impact and cost. There are approximately 27bn coins currently circulating in the UK bearing the effigy of Queen Elizabeth II. These will be replaced over time as they become damaged or worn and to meet demand for additional coins.

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