News in Brief

Two Effigies for Australian Coin Transition

The Royal Australian Mint (RAM) has confirmed that coin collectors will see a period of transition throughout early 2023, as coins released will either feature the 2023 Jody Clark Commonwealth Effigy or the 2023 Queen Elizabeth II Memorial Obverse.

The period of transition is largely due to the timings of various coins becoming Currency Determined. Those coins approved and produced prior to the passing of the late Queen will feature the Commonwealth Effigy and are scheduled for release during the early part of this year. Coins Currency Determined after will feature the Memorial Obverse until the effigy of King Charles III is approved and then released.

The RAM has already confirmed that new coins featuring the King’s portrait will enter circulation later than previously expected due to the approval and testing process required when changing the effigy. The coins are now scheduled to enter circulation in the second half of 2023.