Why Most U.K Money Will Still Feature Queen Elizabeth II for Years to Come | WSJ
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- Опубликовано: 15 сен 2022
- Queen Elizabeth II’s portrait has been on U.K. currency since the early ‘60s. With Charles III now assuming the throne, WSJ speaks with former Royal Mint artist Jody Clark to understand the complicated process of designing a new coin and why an update will take a while.
Photo Illustration: Ryan Trefes
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As a child in 1960s UK, I regularly saw Victorian copper pennies as well as ones with Edward VII, George V and George VI. By the late 1960s, 'bun-pennies' showing Victoria in the 1860s when middle-aged, were never seen as people were collecting them, so only ones from 1898-1900 (an old Victoria wearing a veil over her hair) were still sometimes found. Silver shillings and sixpences only went back to George V and these were rare as they had higher silver content than the more modern ones. Copper halfpennies all seemed quite modern and most had Elizabeth II. From 1963 to 1971, I never saw a coin in circulation older than the 1870s, but my granny had a William IV shilling (dated 1834) and George IV halfpenny (1822) which she'd kept since her Victorian childhood.
Really interesting
Wasn't it nice...
England& canada doesn"t need monopoly money
@@lloydkline1518 money is a tool doesn't matter what form its in
Lucky u
I remember still getting change with the previous King’s effigy in 1982-83.
1s & 2s coins from 1947 onwards continued to circulate until 1990 in the case of the 1s and 1993 for the 2s.
I remember Victorian pennies before 1971.
i remember getting a 1942 quarter while coin roll hunting the other week good old king George the 6th
shes had her face on circulatory coins and notes for 70 years, charles has only been king for a week. it really doesnt need a video to explain.
i thought we were supposed to not waste resources and go green SMH ! this vanity projekt is dumb
worse off he's gonna be gone sooner from now
@@pb25789 yeah I'm betting on him croking within 5 years.
youtube is built on consistent frivolous videos, dont see any issue here
In 1960, as a school kid in England, we were challenged to collect pennies from every year since 1860. Yes that is 101 years of pennies and they were all still in circulation. They only went out of circulation when Britain decimalised.
In Denmark, we do get change back sometimes that depict the last monarch, Frederik IX. He died in January 1972, and Margrethe II is, as of Elizabeth’s death, the longest reigning living monarch in the world. It’s always quite novel to get coins with his face on it instead of hers, and I feel in a couple decades, it’ll be the same for the British.
Hasn't Denmark updated all their coins in the last 20 years to different sizes/metals? So how would Frederik IX end up on any? Which denomination? Genuinely interested here :)
@@garethaethwy I mostly have found coins given that were 5 kr pieces with his face on them. They are still legal tender and useable if you are dealing with a human cashier, but electronic vendors, such as train ticket kiosks, may have trouble with them (but then again, the coin slots on those machines are going slowly anyway). The only time I’ve had trouble with a human with them was a preppy teenage cashier (around 15-16) at a coffee shop who thought it was a Swedish coin and wouldn’t hear otherwise.
I think that the cut off point to legal tender at this point is 1949 (two years into Frederik IX’s reign), but I’m not exactly sure; I’ve never seen Christian X (the guy before) on a coin that wasn’t in a museum at least.
@@Raevnard nice. I’ve got a few Frederik 5kr coins, plus a few Margarethe coins the same size…
No, its UK law, theyre already pulling the money in larger amounts... Just look at the money supply
Don,"t want england & canadian money to turn into monopoly money with king charles photo everywhere
I think I will have a huge shock the first time I get a note, coin or stamp with the King’s face on instead of the Queen’s. I was born after decimalisation, so most coins and all notes I have even had in my possession have had her face on.
when i lived in england back in the 67 to 70 i used to find coins in my change for the 1700's they always used there coins till they wore out
@@ali-uk4jb He's old enough to be full of BS!!. perhaps some bronze coins going back to late Victorian times and after but NO coins from 1700's.Those coins would have been made of either gold/silver or copper and their sizes and weights would have been different to coins from 1893 onward. Gold coins were removed from circulation during 1st world war (1914-18), silver was stopped from 1947 and copper from 1860! so finding coins of G/S or copper in 1967-71 is fantasy. (probably brought on by shhh!.....AGE!) Think ABE SIMPSON!.
PR SUNDAR SAID ONCE THAT BIG PLAYERS CAN MANIPULATE THE SHARE PRICE. BULLISH IS JUST A BLUFF....MARKET WILL FALL SO MANY COMPANIES HAVE GONE BANKRUPT...
@@ali-uk4jb If he had old coins in 1970, he is older than 52. Not difficult to work out. I remember using victorian coins in the 1960s. They were only taken out of circulation, after 1971, when the currency was decimalised.
I think from 1860. Those prior to that date had ceased to be legal tender.
@@johnkitchen4699 i know when i lived there i found ancient pennies and halfpennies in my change. not sure if they were legal but i know the dates i used to read. not saying i got them all the time, but i did get a few of them
I think Australia and Canada might just remove the monarch from their currency. Because no shade on Charles but he isn't the youngest so it would be kinda a waste to reprint, only to have to do it again a couple of years later.
I agree. Charles isnt the youngest and from what I understand it costs money to print money. Might as well start making it with William on it.
Doubt it, especially for Australia. They'll just print new currency with the new King, and keep the old Elizabethan currency in circulation until they're no longer fit for use. Same will happen when William takes over, the Charles currency will stay in circulation for many more years.
A couple? Hes 73. He could hack on for another 20 years atleast
PR SUNDAR SAID ONCE THAT BIG PLAYERS CAN MANIPULATE THE SHARE PRICE. BULLISH IS JUST A BLUFF....MARKET WILL FALL SO MANY COMPANIES HAVE GONE BANKRUPT...
The head on the currency is updated every few years, not just when a new monarch is on the throne. So it makes no difference.
I'm so old that I can tell you that coins bearing an image of George VI were in circulation for quite some years after his death. There's nothing new or odd about this. A coin is made to be durable, after all.
There would probably still be some King George VI shillings (5p) and florins (10p) in circulation today, if rising metal prices hadn't led to those coins being downsized in the early 1990's. Maybe there still are in other Commonwealth realms.
I'm from India. In the market in Bombay's fort area, I picked up a 1940s George VI King-Emperor 1 paise coin (1/100th of a rupee). Cost me like 120 rs (1.2£ or so) in 2015 when I bought it
@@milaanvigraham8664 That's very interesting.
The biggest reason was because of decimalization in 1971: en.wikipedia.org/wiki/Decimal_Day
It wasn't really rising metal prices. Those coins (and the 50p) were downsized because it was felt that the coins were oversized for their value.
After Brexit, the UK goes completely mad and resumes L.s.d. :D
1:57 aren’t polymer notes also meant to reduce counterfeiting? Lifespan can’t be much of an issue anyway as you see how limited paper notes tend to wear.
The Elizabethan legacy will live on *_FOREVER AND EVER._*
…more specifically, the Deuteroelizabethan legacy.
The guy has the most interesting design job in the world.
In the seventies it was common to find pre-decimal coins. 6d was used for 2½, a shilling for 5p and florins (two shillings) for 10p.
I remember regularly getting George VI and occasional George V coins.
Canadian currency changed over in 1953, I am surprised the UK took so long.
One of the interviewed people ignored the coinage - there are still George 1 cent pieces in circulation…
a surprising achievement, given how George I reigned three centuries ago
Uhh, Canadian currency has not phased out the use of the reigning monarch. Every Canadian coin features the reigning monarch on its obverse from confederation to today (excluding Charles for obvious its too soon reasons).
What Canada did was replace the use of royals on all PAPER BILLS starting in 1954, with the exception of the $20 bill (which fun fact, the first piece of currency Elizabeth II was featured on was the Canadian $20 bill from 1935). That said, Canada phased out the use of royals on paper bills seemingly before the UK even started to use them on their paper bills (Canada used royals on bills from 1935-53, while the UK only started using them in the 1960s), so there isn't much of convention of updating paper bills with the reigning monarch (or using royals in general) in contrast to the coins (where there is a convention to do so).
With regards to the Royal Canadian Mint and their money, most expect them to continue to the convention of minting coins featuring the reigning monarch. As for the Canadian $20 bill, the Royal Canadian Mint have come out to say they don't plan on updating the current design for the medium-long term future (though there is a debate on what the $20 bill will look like when the Mint will inevitably need to update the design down the road).
@@rin_etoware_2989 Who said anything about George the first? "George" = George V and George VI.. "What part of George (ONE = 1) Cent pieces" don't you understand? Otherwise known as the penny.
(2) in "Slicex" you could create New Drum Loops and softs in any order from different slices. And keep the loop slices playing in and
Quite a number of years actually means next year, we will get a coronation coin for sure if not note.
Rip yr Majesty
Fascinating video. Keep up the good work.
They’re just waiting for Charles to go to save the hassle.
0:45 SHE DID NOT CALLED SHORTBREADS COOKIES
I used to find King George coins (shillings and pennies) in my change in the UK we'll into the Eighties ...
It was actually shillings and florins that were still in circulation in the eighties in the UK mate.
and it's good for those with hoards of notes hidden somewhere
I’m canada we still have king George 6 on our coins
That's cool 😎 king 👑
God Save the King!!! 👑
It's really Interesting tho!!
Imagine they change the pictures on all of their moneys but need to change it again few years later to Prince William picture
Never thought of that but probably not that far off, although both Elizabeth lived into their ‘90s so who knows, but William will maybe ascend to the throne when he he’s in 60s
New currency is updated every few years for security reasons. It includes an updated image. It does not mean the existing money is replaced. So it makes no difference whose head it is.
Remember this has been planned for a long time, I do not think it will long before we see new money, but it will take a long time to change them fully.
Not just the UK
by the time it gets updated he would have kicked the bucket theres no point
Go away seriously adults are they speaking here
Good
I still see wheat pennies every now and then here in America.
Yep. Got a 1938 Lincoln (wheat) cent in change from a food court purchase 2 months ago. The coin was actually in great shape, so it had probably spent the last decades in someone's coin jar or coin album, and then passed on to some grandchild, before it got back into circulation.
❤️🙏
Of course no one gives credit to Australia for inventing the polymer note, we did it first . Also I noticed an Australian $1 note there the paper version
Gold star for you guys⭐️
@@definitelynotatroll246 We do have a lot of good inventions that have come from Australia. unfortunately the stereotype is beer and thong's lol not technology
Haven't they started printing the new notes? 🤔
amin
Will stamps have the King on sooner?
I like it kept the same
There is a postbox not far from my home with the Queens father G.R. On it so that goes back 70yrs
They should just wait for william
nice cover
Great👍👏😊
THANK SO MUCH MISS FPLASADE GIWA SAFIYAT GOOD BLESSING YOU TODARY AM ?
LONG LIVE 👑🤴👑 KING CHARLES 👑🤴👑
LONG LIVE 👑🤴👑 KING CHARLES 👑🤴👑
LONG LIVE 👑🤴👑 KING CHARLES 👑🤴👑
No image of Victory and other old king queeens of UK ??
In this world of 'queens' every banknote could have different face
I got. 1953 coin it’s a prize peice in collection
2 : 59 pm / wenesday
king Charles will be like I can't run from my mummy shadow .
THANK SO MUCH MISS FOLASADE GIWA SAFIYAT GOOD BLESSING YOU TODARY AM ?
If you were the King would you give the order not to make a King Currency? It's stressful and you will only reign for 15-30+ years?
Pound Sterling dropping like a rock and will soon be completely worthless.
Oldest currency in the world and still going
She never died.
More different from the Philippines which is not the same as the United Kingdom. In the UK, the face put on the money is the living monarch, but in the Philippines, the only people who can be put on the money are the late former presidents and heroes, the face of the living cannot be put on the money yet.
Philippines was not only have banknotes featuring late individuals, Indonesian Rupiah are also too featuring National Heroes of Indonesia and Sukarno and Mohammed Hatta
Strange world.
Bro they live her tooo much
God save the People.
It will take 18 months or so at most
Canada will likely update the coin, but I'll bet she'll stay on the 20 for a very long time. Tbh tho, if we decide to change the 20, I'd rather someone like Terry Fox go on the bill. A regular everyday Canadian that has made a difference.
Particularly since redesigning a coin is relatively easy compared to redesigning banknotes.
They are redesigning the $5 currently, and Terry Fox is on the shortlist of people that might go on it. Here's hoping
More people are paying by card now rather than using cash, so the demand may be very low in future
If it was my mum would just keep her face on all the money no need 2 change it 😂😂
We can change all the currency when we go back to shillings and pence. If base 12 makes sense for length it makes sense for money.
Base 12 for length? Are you returning back to the imperial system?
@@PutinsMommyNeverHuggedHim We never left it love. Not many of us over 40 use metric.
Except that the money was only base 12 up to the shilling. Beyond that, it was base 20.
@@almostfm But in actual fact, the pound didn't really feature in daily transactions, like the guinea it was a nominal value until decimalisation. Pre 1971, if you look at prices in shops, items would be priced in shillings and pence, eg. 63/9 for a coat rather than £3/3/9. In fancy boutiques the price would usually be displayed as the latter for the same reason as solicitors would use the guinea when billing a client.
And every coin in canada*
Eventually, yes. But it's not like they pull all the coins in circulation when a new monarch takes over. The old coins continue to be used, with new coins minted on an "as needed" basis.
The new Kings head on coins will face to the left. Not right.
Yep. [that was mentioned in the video]
I suspect that by the time all is completely switched to CR, he will be gone and WR or other will be King. Keep your coins. I'm in the US but have a number of bills and coins from visits by my Grandmother and Mother.
Not even the Queens image, and yeah, might as well not rush Charlie’s image out. He won’t be there long.
They shouldn't change
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Jeez they couldn't have used a better picture?
Better than what? It's a reasonable likeness.
11:00 SANCHEZ ARRESTED SO END.
I am Guatemalan-American and I have coins with the Queen's image.
Thankfully you are NOT in the UK.
@@danielpeter3834 Shame you are tho
@@definitelynotatroll246 I was born here to Bri'ish parents who can trace their roots back to more Bri'ish people.
Sorry but you can keep your shame for yourself cause I clearly do not want anything to do with pal.
Unlike other rich families, the royals are given favorable treatment by the government. Neither Charles nor his siblings will have to pay inheritance tax on whatever assets are passed down from their mother, thanks to a 1993 agreement with the government. Yet the public has little chance of learning how much that inheritance will be. The royal finances are shrouded in fog.
Who tf cares
Who tf cares
@@traviousandrews1015 Yes a lot of taxpayers care. The British monarchy is a money-making institution scam, and that needs to stop. There are lots of people living below poverty and homeless issues. The flatulent institution cannot be building wealth at the expense of hard working tax taxpayers
@@coralfied3983 A financial report revealed that the royal family cost the British people £102.4 million during the previous year. The monarchy is a brilliant scam, money making institution, the money need to go to health care, helping the homeless and other issues. Yes the taxpayers care.
@@coralfied3983 the taxpayers do. i’m assuming you don’t pay taxes, kid
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Why is there still a royal family?
Because most of the population still want them. Simple as that really.
well...........
Imagine losing the entire Empire and the only thing that's left is Charles...
Same with everu empire. But rome and Britain even germany have changed their empires names for Britain its the commonwealth for germany the eu for rome Catholicism
Van phap mua hoa boi tam thanh/ chi nguoi mo cua dep nhu tranh/ cao xa duong dien dai nam bac/ Tue duc suoi vang tac su xanh
Just PayPal or a debit card, theres that problem solved.
Nah, cash is king (no pun intended). More control and no government tracking of your finances and a good way to avoid paying too much taxes.
God save me.
Why is the woman narrator speaking in a sing-song voice? American women, the young generation, speak like they are still six-years old.
I thought the same and it's difficult to understand what she is saying with all of that emphasis on syllables and strange pronunciation of the vowels.
The last vastion of a real Lady. A real class act. Young ladies take note. This is a real example of how to conduct your life. Choose manners and ethics. Hat's off to how to act.
it sure helps to be simply born into the "right family" -- and to be coddled, pampered, and catered to every single second of your rich and privileged life.....
And considering that Liz's "job" consisted essentially of smiling, waving, and accepting flowers and gifts you didn't need, it couldn't have been much of a chore. The whole concept of "royalty" is a quaint throwback to medieval times. We should be past that by now.
Nah Charles will be on the collector coins sold on tv at 2 am.
I guarantee you that the drawings are of Prince William, since he's going to be king 🤴 in 10years.
Prime minister of the treasury?? Bahahaha...
Meanwhile in the eurozone: oh, huh, this coin has a face I don't recognise. It's from Belgium. Did Belgium get a new king? Hang on, lemme Google... Oh! In 2014! Good for them. Anyway.
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It should all stay, there won’t be another ruler for that many years for sometime I’m sure.
Coins with her portrait will continue in circulation until such time as that denomination is withdrawn (#DeathToPennies) or resized.
Banknotes, they can continue until the next planned update (probably another 10 years or so) then the monarch's portrait should with removed completely, because it's not needed.
how they gonna update it now? peek into her coffin?
Are you serious?
They need to enlarge Charles' ears ...
First, they'll need to enlarge the coins and currency...
Very important news article for entire mankind 🥴👈
There is a move in US Congress to replace Benjamin Franklin's picture on the $100.00 with a portrait of Zelensky
Just put princess diana on em ;)
Dollar notes on $5 in Canada is on the $5 note the Queen's monogram on the $5 note would I change it from the phone they're not going to change especially for child the Queen's picture is on the $5 note it's a dollar is on a $5 loan and it be on a $20 then be on a $50 note to be on a $50 note dollar
I have old coins for sale
Earthquake soon Los Angeles
I mean does it really matter if that dump exist or not?
Australia (like the Canadians) may phase out the Queen's image on their currency and *only* use notable *Australians* like Jason Donovan, Kylie Manogue, Paul Hogan or Dame Edna Everage.
Ha! Dame Edna is a fictional character (but, I suppose anything is possible...)
You mean other British people
@@thesecondsilvereich7828 NO! *We* mean native Australians like Jason Donovan who has done a lot for Australia. Putting this little country on the world stage.
@@sanchoodell6789 you mean the aborigines or white Australian that are British or European
@@thesecondsilvereich7828 I *obviously* meant the people that *BUILT* that country. Turned a stone age desert wasteland and made a nation out of it that people from around the world want and go to live.
PLEASE DONT UGLIFY THE COINS OR BANK NOTES PLEASE!!!
😂
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Nobody like Charles 😂😂
Nobody like you
New discovery, to big to fail
🎉kinda wasteful 😢to mint new coins and print new bills 💵 just for d reign 😢unless the bills and coins are worn out😅
Only NEW currency - made as it is needed - will have the new King. Existing coins will not be taken out of circulation. Bills are always being replaced as they wear and the design is changed every few years.
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