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Cryptocurrency News Articles
King Charles III's Coin Portrait Debuts on 50p Currency
Apr 23, 2024 at 10:56 pm
A rare 50-pence coin featuring the portrait of King Charles III sold for £2,500 on eBay. The coin is one of the first 50-pence coins to enter circulation bearing the official coin portrait of the new monarch, as the Royal Mint transitions from the Queen's portrait to the King's on all 50-pence coins.
King Charles III's Official Coin Portrait Debuts on Circulating 50p
In a significant milestone, the second set of 50p coins bearing the official coin portrait of King Charles III have entered circulation, following the commemorative memorial 50p released in December 2022.
The Royal Mint has announced that all 50p coins entering circulation will feature the King's uncrowned portrait, differing from the commemorative coronation coins unveiled earlier this year.
The coin that recently sold for £2,500 on eBay showcases the King's portrait on the obverse (heads) side, designed by sculptor Martin Jennings and personally approved by His Majesty. The reverse (tails) design features Westminster Abbey, created by Royal Mint coin designer Natasha Jenkins.
The design depicts the King's official cypher, representing his coronation at Westminster Abbey, symbolizing the transition of the monarchy.
Historic Significance and Value
The introduction of the King's portrait on circulating 50p coins marks a historic moment in British numismatics, as it is the first time the sovereign's likeness has changed since the release of coins featuring Queen Elizabeth II in 1953.
The Royal Mint's most valuable 50p coin remains the Kew Gardens 50p, minted in 2009 to commemorate the 250th anniversary of the gardens. With only 210,000 coins produced, the Kew Gardens 50p sells for an average of £156.25, and one sold for over £700 on eBay.
Seven Olympic 50p coins from the 2012 Olympic Games also rank among the Royal Mint's most valuable 50p coins.
Collector Interest
The release of the new 50p coins is expected to generate significant interest among collectors, as they represent a unique opportunity to acquire coins featuring the first official coin portrait of King Charles III.
Collectors may choose to purchase these coins as investments, for their historical significance, or simply to commemorate the reign of the new monarch.
Conclusion
The introduction of King Charles III's portrait on circulating 50p coins is a testament to the enduring legacy of the British monarchy. These coins will serve as a symbol of the transition to a new era and a valuable addition to the nation's numismatic heritage.
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