The Royal Australian Mint has added an easy-to-miss detail to hundreds of new coins featuring Queen Elizabeth II.
The coins will now display the late monarch’s coronation dates on the head side, indicating her reign from 1952 to 2022.
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Leading Australian coin expert Joel Kandiah said this is the first time Australians have seen this detail on coins.
The Perth-based teacher, who goes by the username @TheHistoryOfMoney, has built a massive following on TikTok and Instagram with his insights into the value of various currencies and banknotes.
“The change will be for all investment and collectible coins that are released in 2023 by both the Royal Australian Mint and the Perth Mint,” Kandiah told 7NEWS.com.au.
“So these are coins that are generally released for collectors only at well above face value.”
He added that the change will not appear on coins that normally circulate in Australia.
“Any new circulation coin minted next year will have a date of 2022 until the effigy of King Carlos III is presented,” he said.
Kandiah said that while it’s too early to tell if the coins with the new detail will be valuable in the long run, he said there is always “great demand” for collectible coins.
“It is very difficult to know if the coins with the new obverse will be valuable, it will all depend on what these future collectible releases will be,” he said.
“Investment releases, especially those from the Perth Mint, will always be in high demand as the gold and silver investment products they offer have a strong reputation around the world.”
The coin expert went on to say that the Royal Australian Mint’s move was unexpected.
“I’m a little surprised,” he said.
“But it is a good solution put in place so that the planned coin programs can still go on.
“Both mints generally plan three years in advance for what future numbers will look like, but there are legal issues if they kept the Queen Elizabeth II effigy as-is with a 2023 date.
“Yes, coins dated 2023 have already been released (such as the Vegemite coin set), but they were minted before the Queen passed away.
“Making this small adjustment to the effigy, with the permission of Buckingham Palace, allows these new problems to continue until 2023.”
Kandiah said that reaction to the change in the coin collecting community had been “overwhelmingly positive”, however some critics have expressed frustration.
“Some have criticized why the Mint has not started producing Charles III coins given that the UK has just released its first circulating coins,” he said.
“It would have taken years of planning to pull this off, so some wonder why our Mint hasn’t done the same.
“That being said, the Royal Canadian Mint and Reserve Bank of NZ are also in no hurry to make changes.”
Kandiah tells 7NEWS.com.au that other countries are already showing different ways to commemorate the Queen in the meantime.
“We have already seen the 50 pence coin with the effigy of King Charles III celebrating the Queen of the United Kingdom,” he said.
“Last week, Canada released a $2 ‘black bracelet’ coin to commemorate his life, with a mintage of 5 million put into circulation.
“Using black nickel instead of the standard metal alloys they use in their $2 coins is a really moving way to commemorate the Queen in a way that everyone has access to.”
He added that there is “no word” on whether Australia will launch its own commemorative circulating coin to celebrate the Queen.