New U.K. 50 pence honours Charles III coronation

A new 50-pence coin marking the coronation of King Charles III entered circulation in early August with the U.K.-based Royal Mint issuing five million of the coins.

The reverse design is based on Westminster Abbey, where the coronation was held in May, while the obverse features the king’s left-facing portrait. The new issue will allow the public to “find a piece of history in their change,” according to Rebecca Morgan, the Royal Mint’s collector service manager.

The new coin follows an earlier 50-pence coin, the first mass-circulation coin to show the king’s portrait, issued in December.

About 27 billion earlier coins from the late queen’s reign remain in circulation.

The mint has yet to announce a schedule for other new coins to be issued while the first King Charles III banknotes are expected to appear next year.

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