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Last coin featuring the Queen released

Queen Elizabeth II. Australian coins.
The last coins featuring Queen Elizabeth II have been unveiled. (Source: Reuters/Getty)

The design for the last coin featuring Queen Elizabeth II has been unveiled and will start circulating in Australia next year.

The commemorative coin will have one notable addition - it will list the late Queen’s years of reign and will read “Elizabeth II 1952-2022”.

“This final series of collectable coins will serve as a lasting tribute to Her Majesty Queen Elizabeth II, and a reminder for all Australians of her 70 years of service to Australia and the Commonwealth,” Assistant Minister for Competition, Charities and Treasury Andrew Leigh said.

The coin features a portrait of the Queen by British engraver Jody Clark. It is one of the six effigies of the Queen that have appeared on Australian coins since her coronation in 1953.

The collectable coins will be available from January 1, 2023.

Last coin featuring the Queen.
The coin features one notable difference. (Source: Royal Australian Mint)

The Royal Australian Mint said it would continue producing coins with the Queen until the transition to coins featuring King Charles III came into effect.

All coins bearing the Queen’s portrait will remain in circulation and can continue to be used as legal tender.

King Charles coins coming

The Mint said it would announce details of the new coins featuring the King in the coming months.

“We expect to be able to announce the design of the first King Charles III coins early in 2023, with coins featuring this effigy to be released late in 2023,” Leigh said.

The new coins will show the King facing to the left, the opposite direction of the Queen who faced to the right.

In the UK, the first 50 pence coins featuring the King entered circulation last week.

It is still up for debate whether King Charles III will feature on the Australian $5 note, with some calling for an Australian to take the Queen’s place.

The Reserve Bank is currently in consultation with the Government about this.

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