England King Charles III banknotes

It has been announced the new Bank of England notes featuring the King will be slowly issued from the 5th of June. The Bank of England also said a limited amount of "current or old series notes" can be exchanged for the new versions shortly after they are issued in June.

I assume the £5 and £10 will be the most common at first because those are the most used denominations while the £20 and £50 will take a little longer because those notes are used less.

https://news.sky.com/story/amp/king-charles-banknotes-to-enter-circulation-in-june-13076796

https://www.bankofengland.co.uk/banknotes/king-charles-banknotes

Worldwide collection

I assume the £5 and £10 will be the most common at first because those are the most used denominations while the £20 and £50 will take a little longer because those notes are used less.

First of all, Thanks for sharing this information. 👍

According to data from the BoE there are almost twice as many £20 notes in circulation than £10 (2615 million vs 1356 million) last year. So, we should be hopeful the £20 KCIII will also show up quickly. 

Looking forward to those notes being released.

Aidan.

When is the UK changing its coins for circulation.? My daughter was in Scotland last week and I was hoping she would come back with some for my collection, but unfortunately not!! Bren

BTW..  the new notes look great!

brmwilson

When is the UK changing its coins for circulation.? My daughter was in Scotland last week and I was hoping she would come back with some for my collection, but unfortunately not!! Bren

Only the 50 Pence is now in circulation as a definitive type.

I have the King's Coronation one in my collection.

Aidan.

£20 is most likely to pop up first, I think, as it is the most common denomination issued through ATMs

redlock

Worldwide collection

I assume the £5 and £10 will be the most common at first because those are the most used denominations while the £20 and £50 will take a little longer because those notes are used less.

 

First of all, Thanks for sharing this information. 👍

 

According to data from the BoE there are almost twice as many £20 notes in circulation than £10 (2615 million vs 1356 million) last year. So, we should be hopeful the £20 KCIII will also show up quickly. 

Hopefully on the day of launch.

BCNumismatics

Looking forward to those notes being released.

 

Aidan.

I’m hoping to get sequential serial numbers or at least the AA series.

brmwilson

When is the UK changing its coins for circulation.? My daughter was in Scotland last week and I was hoping she would come back with some for my collection, but unfortunately not!! Bren

All denominations except the £2 coin have been minted for circulation although BCNumismatics and I can confirm the only definitive in circulation as of now is the 50 Pence but even that coin is seldom seen.

Ooh, exciting news. Have to go pester my bank to keep one or two of each aside as they come in.

Fortunately they like me, so hopefully they'll be obliging. Though its a small branch, so they might not see any for weeks after launch. Took ages for the polymers to reach us.

@brmwilson 

Also worth pointing out we aren't currently planning to “change” the coins in circulation. The EII coins/notes are still intended to circulate indefinitely with CIII issues simply replacing damaged/worn out things or responding to any increased demand.

Polymer notes are expected to last 5-20 years (depending on frequency of circulation). So the common notes, barring any reason such as security withdrawals, could easily be around in 2030 and higher notes even later.

Circulation coins are generally expected to survive 40 years of frequent usage (according to the Royal Mint) so could reasonably be circulating well into the 2060s though probably quite uncommon by then!

What with the reduced demand for hard currency & the long expected lives of existing issues, I think it'll be a long time before CIII stuff is more frequent than EII.