what will happen to the currency when the queen dies? will new money be produced with the new heir's face?

Question

This wont only effect the UK, but all the commonweatlh countries also

Answer 1

YES , BUT THE OLD MONEY WILL STAY UNTIL IT WEAR'S OUT

Answer 2

Money never goes out of date until they either phase out the coin or replace it with a different size (as has happened with all the silver coins in the last 10-15 years). Shillings and florins from previous monarchs were still legl tender until they changed the size of the 10p and 5p coins. On his ascension notes will start to be printed with his portrait rather than his mother's and coins will also bear his head as will stamps (but again they are valid forever - unless they change the currency). Even if we did adopt the Euro, each country has it's own symbol on the back so we'd still have the monarch's head (just like the Netherlands). Why would we want to join the Eurozone and lose control of our entire economy? They also have higher unemployment, higher inflation and eurozone economic confidence is at an all-time low. BTW Charles has indicated he'll probably use the Regnal name George VII not Charles III.

Answer 3

If the queen dies in, say, 2010, then the next set of coins will have her face. Canada still has some old George VI pennies in circulation so the Elizabeth coins will remain in use. It's a tradition that each monarch faces in the opposite direction that his/her predecessor did, though Edward VIII felt he had a 'good' side and insisted on being sculpted from the same side as his father. In the event his coins were never minted.

Answer 4

Prior to decimalisation in 1971 you would see coins of Queen Victoria, Edward VII George V and George VI in addition to the present Queen.
When the Queen departs this life, Charles will be King and William will be heir to the Throne, so in answer to your question, new money will not be produced with the new heir's face, but that of the King!

Answer 5

It will take a little time to design & produce but, yes, the new monarch's image will be minted on coin and printed on currency notes. Additionally all postage stamps will bear a new portrait of the new monarch, although it could be some years before those of QEll are declared invalid
BTW please learn the difference between effect and affect

Answer 6

Indeed yes - but the older currency will go on until it wears out. That could take time. In the early nineteen-fifties I can still remember copper coins with the head of Queen Victoria being in circulation.

Answer 7

Yes they will print new money with the new head of states face but the old money will stay in circulation. My dad once told me he had a coin with queen victoria on it. Shame we dont use the old money any more there is a fantastic history in coins.

Answer 8

All new currency will feature an image of the next monarch through-out the Commonwealth of Nation that use the present Monarch's image.
The old money will be phased out of circulation over the following years

Answer 9

In the United States - we have and use currency of Deceased Presidents - should that practice differ from the English? She may be gone but certainly not forgotten.

the Brits would throw a fit if the faces changed on money - making it look as if - out of sight "let's put her out of mind too"

Answer 10

Of course there will be new coins, but Queen Elizabeth coins will NOT be withdrawn. Older people on Yahoo! Answers are completely amazed by this question. We grew up in the 50's and 60's with a mixture of pre-decimal coins with five different sovereigns' heads on them - six if you count the two of Queen Victoria.

Answer 11

Yes: the newer coins will have a different face. Before decimalisation, you used get Elizabeth II coins with George VI and George V coins in your pocket.