How Will the UK and Commonwealth Change Its Money?
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- čas přidán 22. 09. 2022
- Queen Elizabeth II holds the Guinness World Record for most currencies featuring the same individual. But with her death, tradition dictates that England’s new currency would feature King Charles III. What will this change look like, and how will it affect the other Commonwealth Realms?
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I can remember pre decimal in the UK in the late 60's, it wasn't unusual to get George VI, V, Edward VII and even Victorian pennies. Some were so worn that you couldn't workout who was on it, but they were always accepted in shops.
I collected them in the 60s
Fascinating eggskull
Even after going decimal, some pre-decimal coins were still legal tender - the shilling counted as 5p and the two shillings 10p (confusing Austrians, who mistook the word “shilling” for “Schilling” - and the little silver sixpence (we called them “tanners” or “Elsies” - confused a lot of foreigners, as they thought 6d = 6p - it was two and a half new pence - bizarre maths that says 6 + 6 = 5) - old pennies, threepenny bits, all disappeared - the groat (worth 4d) vanished a long time before even our grandparents were born, the halfpenny, farthing (quarter of a penny) and the lesser-known half-farthing (eighth of a penny), had all long since disappeared from sight - even the new half pence (one old pence - or should it be “dence?” - no longer exists - if this inflation thing continues to spiral out of control, the pound sterling will go the way of the Israeli shekel - they brought out “the new shekel” worth 100 of the old ones - the new pound = one hundred of the old ones - a current £1 will be the equivalent of 1p in the “new money”, if inflation continues unabated!
Incidentally, The Queen was in an African country once - she was arguing with its leader as to why they had to put her head on their postage stamps - but Her Majesty said, “If you’re going to take my picture off your postage stamps, we’re going to take your picture off our marmalade jars!”.
Australia finds itself in the strange position where a small number of 2023 coins featuring Queen Elizabeth were already minted as uncirculated coins for collectors. The mint already had done all the work for 2023's coins which will now need to be redone
Collectors edition indeed!
And yet people think becoming a republic will cost money. Being a republic means the image on the coins, whoever are chosen will never need to change.
With King Charles being 73 years old, he might die before most of the new notes are in use. You could potentially have 3 bank notes in your wallet with different faces on them
While I don't personally believe this, a friend of my mother's is a 'psychic' and accuratly predicted the Queen's death and has predicted that Charles will die in October 2026, so you might be right!
He might be skipped altogether in that case.
I'd be highly surprised if he doesn't live to be at least 78. I'd be equally surprised though if he lives to be 90.
In the US we have different faces on each denomination. We do okay.
@@jamesjohnson-pq7li It's been normal for you for a very long time but for the majority of people in the UK we've only known one face on our coins, our notes feature other important people on the back but everything has the Queen on it, so this is a remarkable change for us.
As a kid, it was quite common to be given old pennies in change with Queen Victoria's head on.Some were late versions showing her as an older woman, but there were some in circulation showing the young queen. Very very occasionally, you would get one from the early 1830s showing King William IV or even slightly earlier showing the frat face of George IV - all still in circulation!
aren’t coins from the 1800s valuable?
@@hamburgerhamburgerv2 They would be now - especially the ones showing William IV or George IV
It's going to take even longer to get used to singing God Save the King in the national anthem I bet.
I bet eh its been 70s of god save the queen lol but hey i like the sound of god save the vampire king as most dont know charles is related to vlad tepes aka vlad the impaler aka dracula which i find badass
Why would you sing it in the first place?
Waste of breath.
It's going to take a lot longer to do anything with a king instead of a queen.
He can only move one space every turn.
@@MrMuz99 Probably because they still care about their country. Parliament has not yet formally passed a law requiring everyone to be a miserable cynic.
As a Canadian, I was genuinely surprised that they changed it from god save the queen, to god save the kind. I don't know what I was expecting lol.
At the end of the day, no matter who, it'll just be another person on a banknote staring into your soul. At least Australian and Canadian dollars have life compared to the boring, green US banknotes.
Bermuda is a British Overseas Territory and they don't even have the Queen on their Bermudian banknotes. They only had her on the coins. On the banknotes, they opted for distinctly Bermudian designs back in 2009. That year Bermuda was awarded "Bank Note of the Year" for its 2-dollar banknote which depicts the eastern bluebird perched on a branch with flowers, and sailboats in the background and on the reverse is the Dockyard Clock Tower and statue of Neptune. Both sides have butterflies, and the background color is turquoise.
Thank you pointing out the design of the Bermuda 2 dollar note, that is a gorgeous design, and is something I had no idea about until I read your comment.
Well putting Charlie’s head on notes will definitely help those looking to go cashless.
Awesome Video as always, only nitpick I have is that you said at 2:32 Edward the Third but he is Edward the eighth, but whatever, great content 🎉
Britain has only had polymer notes for 6 years, wow. We started in Australia in 1992 and had swapped the old currency out by 1996. Another great Aussie invention along with the Ute (Utility Truck), the cask of wine, the rotary clothes line and Wi-Fi.
As well as the black box flight recorder and the kangaroo jack used in tower cranes.
The ring pull on cans; drive through bottle shops.
The shrimp on the barbie as well
and then we updated the polymer currency starting from 2016 with the $5 note. then roughly 12 months later. the new $10 note came out, and so on until the new $100 note came out in 2020
Yes and no. This video, like many of SImon's, can't/won't differentiate between England and the rest of the UK. The first polymer note in the UK was 22 years ago, in 2000, when the Northern Bank (NI) did some. Scotland's first polymer was 2015 (Clydesdale).
This video uses England/Britain/the UK interchangeably, which is misleading/wrong. As is the "King or Queen of England". Haven't had one of them since 1707.
Other mistakes include Edward VIII being called Edward III lol. Or saying the notes are legal tender....Or saying that the Bank of England have a monopoly. Or...
There's no monarch on notes made by most banks in the UK.
Don't forget about "Proof" currency (extreme high quality versions of what's circulated). Even if we go cashless, everybody's mints will probably still have to design new cash and coins. They just may not be circulated outside of collector circles, but y'all know monarchs and their arrogance will be around a while longer.
Amusing that you mention "monarchs and their arrogance", yet presidents are definitely no better, no matter which country.
When I was in the UK in the 1980s you could still find coins with King George VI from time to time.
I have that in silver
In the seventies you were still getting Victorian and Edwardian coins in your change as the sixpence was legal tender right up to 1980, and the shilling and florin were about until the size change of the 5p and 10p coins in the early 90s.
@@djashley2002 The sixpence is still legal tender as is most other pre-decimal coins, they just aren't in circulation. One of the only coins to cease to be legal tender is the Half-Penny (£0.005) in ~1980 because inflation made the third decimal point pointless...
en.wikipedia.org/wiki/List_of_British_banknotes_and_coins
@@wclifton968gameplaystutorials you might want to check the definition of "legal tender". The sixpence hasn't been legal tender since 1980.
An interesting episode might be the history of the 500, 1000, 5000, and 10,000 dollar bills in the US. Also, the strange fact that they are all still legal tender, though no one would use one that way if they had any sense. Also, an amusing episode or segment might be the story of the woman who made her own one million dollar bill, and tried to get change for it at her local Walmart.
If I remember correctly the 10K had to with bank runs. Here's one big bill for your withdrawal or something to that effect.
@@SEAZNDragon You are thinking of the $100,000 note, which has Woodrow Wilson on the front. I think there was also a $50k note. The $100K note was never given to the public. When Nixon was prez in the 70's, he outlawed any note over $100, thinking it would reduce illegal drug sales. Spoiler: it didn't.
No no let's get real England has been sovereign since dawn of history & monarchy where is all that printed money going,it's definitely not in circulation?and do the banks circulate it,& going digital are they gonna pay digital numbers via html webpage?
I don't have any cents - I would use them in that way.
I'm frustrated by the fact that ATMs (and others) have been giving out $20 bills since they were rolled out, even though their value has reduced by more than a factor of 3 since the 1980s. It's long past time for our society to switch to $50 bills as the main currency of everyday life. Why hasn't this happened?
The change of our current banknotes, actually took longer than normal. During covid many businesses stopped taking cash. The polymer £20 started circulating in 2019, and the paper one was still legal until September 2022. This is an unusually long period, but covid extended it. In the past (such as the last time the £20 note was changed) its been a matter of months before the old note has become obsolete
The paper one IS legal tender until the end of today.
In Canada I still see an occasional George VI coin.
As for Canada giving up the Monarchy, I think most Canadians are indifferent. The prevailing attitude is "if it ain't broke, don't fix it".
If we ever run into an issue, the world will probably be amazed at how fast our legislative systems can work.
Our legislative system is only fast when it's for the governments gain. If its for the people it either doesn't happen, or it takes 10+ years so the government can dwindle the gain to little for the people and more for the government.
ya you would have to get every single province and terriory onboard and well good luck with getting them all to agree on anything and for something that won't really change anything
@@aselwyn1 I think the problem isn't so much getting all the provinces and territories on board as it is the fact that provinces wouldn't want to only change the monarchy, but have dozens of other things they want to change. We've already seen from the Meech Lake and Charlottetown Accords that this is likely unworkable at this moment.
The images on the coins are struck, not printed (1:36).
So if a Canadian coin with loon on it is a 'loonie', is a British coin with King Charlie the III on it a 'Chucky'?
maybe we'll rename them 'chuck bucks' ;)
According to the bank of Canada only 1 in 3 transactions are still done using cash/coins. And as a dollar amount it’s less than 20%.
As a side note here in Canada, up till we got rid of the penny 10 years ago you could still occasionally get one with King George on it. Coins last a long time
I've found a few King George cents in circulation here in the US. I find 5-10 Canadian coins in my change every year.
I still have a Canadian penny from when my family visited Horseshoe Falls in 2000.
Damn the penny's been out for 10 years? LOL I'm still finding them in my cars during a deep clean...
The only reason we don't have any coins with previous monarchs on in the UK is because of going decimal in the 60s/70s and then redesigning the 5 and 10p coins in the 90s. Up until then one shilling coins were still legal tender and worth 5p!
And now in canada you can get your bank account frozen for having the wrong opinions. Yaaaay!
Fantastic video keep it up your doing amazing job
If they hold off a little, they can get started on the next monarch and save a bit of that printing cost.
Came here to say exactly that.
Or just get rid of them entirely (the monarchs I mean)
End the monarchy cult worship and then money images don't go out of date.
Simon Whistler should be the face on the pound!
First time I've watched one of your videos, Simon, where the 'background' music is loud enough to be very distracting. I could be a bit over-sensitive today but it seems like it's almost the same volume as your voice. Lots of info as usual! 💜👾
Thank you for this! I got wondering this but everyone I brought it up to thought it doesn’t matter
My dad was born in the 50s but once told me he'd occasionally get a shilling coin with Queen Victoria's head
Same here. Lots of George VI coins too. We also got Irish coins, which were same size and shape and value, but with the Republic harp or a leaping salmon instead of the Queen
Indeed. I used to try and collect all the dates of the pennies. My dad (who worked in finance) would occasionally bring home a bag of pennies for me to sort through. I managed to get all the more common dates from all the monarchs without much difficulty.
The Elizabeth money will stay in circulation for decades. When I was young it was not unusual to have an Indian nickel or even an Indian head penny in your pocket. They had long since been phased out. Even today silver quarters can be found from time to time over 50 years since they were minted.
I agree. When I was a kid, my parents gave me a book for saving old pennies It had an opening for every year and mint from 1909 on. Sadly, I never found the 1909 S VDB penny I wanted! However all the pennies in the collection came from change given from a cash transaction. I still find the occasional wheat penny, but not very often.
I have one 1911 king George sadly its not worth it since the valuable one is a defected version 1912
Going for $$$$$
All I know, is I’m not looking forward to Charles’ ugly mug on my money lol
Much love from Canada!!
You know the government already said they weren't gonna change it right
aye he is a ugly guy..diana thought she had a dream boat and woke up with a ship wreck
I wouldn’t be surprised if Canada has coins minted with Charles next year. Canada Mint has minted coins for 70 different nations, it’s pretty versatile and makes so many different coins each year for our own circulation. I don’t doubt that it takes years of design before something actually gets printed or struck, but the Queen was 96, ffs, I have a strong inkling that there are already several designs ready to go for the King after the coronation and in the new year.
Also, the idea that any currency would be automatically removed or concern it would be invalid simply because the monarch has changed is a bit weird. When Canada still had the penny, King George was still frequently in my change 50 years after his death. I even have a couple of King Edwards and one Victoria I got in the 90s. The Victory nickels are still in common circulation. Along with the Permanent stamps, Elizabeth II will be part of our everyday lives for some time. I liked to buy them every year because she always wore a new hat. I doubt Charles will be wearing any hats. Boring 😂
My understanding is that it will take a couple of years before we see Charles on the coins. They have to get approval for the likeness that they would stamp onto the coins. This process has to be done before they design the coins. It sounds like it may be about a year before that process even starts, so probably at least 2024/2025 before we see Charles III on our coins.
Often it does, but it's not always the case. When Kennedy was assassinated in last November 1963, they struck the first new half dollars in February 1964, and they had enough to release them into general circulation in late March.
@@chrisjohnson7929 I don't understand why. The UK started rolling out QE2 coins in 1953.
@@MrTexasDan That is the UK. In Canada, we have updated the Queen Elizabeth II portrait a couple of times during her reign. The process takes a couple of years from start to the coins reaching circulation.
Canada has been changing to polymer bills for over a decade. We actually don't have the law, that strikes old bills as invalid.
Canada was due to redesign our $20 this coming March regardless. So Canada might be the first commonwealth country to circulate a bill with Charles on it.
Didn't they recently introduce that transparent strip on the $20?
@@the_kombinator nah, we redesign all our bills every 5 years.
We might have to widen the bills to make room for his ears.
@@FablestoneSeries We... we do? I dunno myself, I don't really handle bills often.
@@the_kombinator Yep. Every 5 years (according to the mint). first is always the 20, then the 10, 5, then it used to be the 2 and 1 (which aren't bills anymore) and then lastly the $100. But because it is a gradual process by the time the new $100 is out it is almost time to start the cycle over again. We change (one side of) the 25 cent coin every year sometimes, or just on a whim. Some years the money gets a mild overhaul with just a change to the date issued or a change to the back of the note, or an extra security feature added, like that time they added that metallic strip into the paper (back in the 90's), and other years it gets a complete total makeover. We get a complete overhaul about every 10 years. Last major change was 10-11 years ago. We are due for a big redo.
Queen Elizabeth II started appearing on Canadian Banknotes well before 1967
I'd bet that Trump tried to get his face on the US $100 note. 🤣🤣🤣🤣🤣🤣🤣🤣🤣
That is for the the new $500 note.
The last person to hold the title ‘Queen of England’ was Elizabeth I who died 400 years ago.
George V was on the BoE £1 and 10 shillings notes that were legal tender until 1933, so QEII wasn’t the first monarch on notes. She was the first since BoE gained a monopoly on notes.
As a kid in the 70’s and 80’s we had coins with King George VI on them until they resized them in the early 90’s
Would you do a video on polymer money? I never knew it existed until this video. Thanks, from your ignorant friend in the USA.
The Bank of England has since released a statement about this. A portrait of the King will appear on the current series G polymer banknotes and everything else on these notes will remain the same. Series G notes featuring the Queen will remain in circulation, and only damaged and warn notes will be removed.
On a side note the Bank of England usually updates its notes every 10 years or so and withdraws older issues. With polymer lasting a lot longer in circulation it maybe a while before a new series is issued.
Here in canada the currency isn't going too change any time soon.
There's still bills and coinage circulating with King George VII's face on them that are legal tender today.
A similar thing is happening right now with our postage stamps. Before all this happened RM are switching from the old little stamps to these big ones with QR code things on them - I use them at work, and you have until the end of January 2023 to use all your old ordinary ones (i.e. your special and Christmas ones will be okay). I sent off a whole bunch of second-class large letter stamps to get sheets of new ones... But now they have to slap on a new face, like Simon says about money Elizabeth stamps will remain okay for a while, but eventually will be replaced with Charles'.
Because stamps are one-use only, I wonder if replacing the stamps will be much faster then money, and I also wonder if our couple of 50-strong second-class large letter barcoded stamps with Elizabeth's face are going to end up mildly valuable XD
maybe England will even start with the printing of £100 notes now
So, there's a possibility that the world may never see bank notes with the future King William V on them.
still have about 100 bucks in my pocket. quiet often your surprised by various issues that will make it impossible to pay electronically, either be it a outage in the payment system (happens quiet often), the terminals flaking up, or your simply on a hike in a secluded mountain diner and they dont accept electronic money.
Watching this as an Australian cos it's not even something I thought of. No idea when we started putting the queen on our money but it's been that way all my life. Can't say I'm too thrilled about Charlie boy hanging around in my pocket though... Perhaps we should change it to a drop bear instead of the monarch?
That's just going to make us Americans call them dollery Do's even more. I do wonder if money with the Queen's face on it's going to become a collector's item now
As an Englishman I can think of nothing worse than having Charlie's mug staring back at me when I open my wallet. I've always thought that cash was king ( no pun intended ) but this makes a cashless society the better option
@@tonyseath2278 it may make you feel better to spend that money just to get him out of your pocket
@@masjuggalo nah, I'm a tight bugger
:0)
How about Russell coight instead lol
Thanks
I love that the image for the Australian $5 with the Queen is our old note. It’s still in circulation, but in the last few years we’ve updated them to have more security features. 8:49
The design and production of the polymer notes would be a good video. Designed by the CSIRO in Australia and first implemented by the Australian Mint.
There will never be a note as cool as the last paper tenner, that you could fold to produce an image of John McEnroe...
Have hardly used any cash since corona...in the Netherlands we use a card. Or our phones even...
If Britain 🇬🇧 were to discard the royals all together and become a fully fledged Republic, I imagine Oliver Cromwell would take the star 🌟 of the show here 👌
😄
@@johnmassey1016 It is relativey unlikely, but it would make sense for Oliver Cromwell to be used
Since he was the first and last revolutionary leader to be successful here in Britain.
I will tell you ; -
I'd ABSOLUTELY LOVE to see David Attenborough to be on our notes!
- Now he is a man to truly be revered! 👏👏👏👏
The first banknotes issued by the Bank of Canada in 1935 featured many members of the royal family. Including George V on the $1, Queen Mary on the $2, Prince Edward on the $5, Prince Albert on the $50, and an 8 year old Princess Elizabeth on the $20. And other than for the years her father reigned she has remained there.
I don't think there will be much of a rush to replace her on the $20, but when the time comes I don't imagine it will be with the King. On coins, sure, but banknotes will now be all historical Canadians.
George V and Queen Mary were also on a $25 banknote to celebrate his Silver Jubilee. Also, the monarch always appears on at least one banknote!
Simon, you called Edward 8th Edward 3rd.
Seriously, they should wait a couple of years and save themselves the trouble.
Good presentation. Thanks. A little bit relevant though, I am awaiting the change in the Euro bills excluding the UK.
I didn’t realize her majesty was on any Euro bills outside of the UK! 😮
@@davidroddini1512 She wasn't. The bank notes (bills) are standardised and are the same across the European Union. On one side, they show the geographic map of Europe, including Iceland, Norway, Switzerland and Turkey. The coins have a standardised "tails" side with the EU map on it, and of course the value. The "heads" side has whatever each nation decides to put on it. The monarchies usually have the literal head of state there. Other choices include famous people from the past, architecture, animals, etc... The UK never adopted the Euro, and Denmark and Sweden haven't either, but they are on this map, because it shows the EU member states. Which Britain isn't anymore. (Did I get the heads and tails right? It can be a bit confusing.)
@@davidroddini1512 I wasn’t very clear. I meant removing the UK from the map of the Euro bills.
Once thin film electronic display technology is developed the portraits will be able to be updated with just a quick firmware firmware upgrade; should be relatively instantaneous. Just hope you don't lose connection during the process.
And ,of course, people will start 'keeping' the coins and notes as collectors now that Queen Elizabeth has passed on and similarly the first ones of King Charles will also, I bet, be popular with collectors.
There is a $2 coin in Australia commemorating something about the Queen that has jumped up in value to $300 since she died. I imagine that will drop off very soon.
I wonder if people will start hoarding the new notes at first, making it more rare to see them in circulation, and after a few years they'll hoard the old ones, making them disappear faster
Even if Charles lives as long as both his parents or his maternal grandmother, wills may be on the throne by the time the full rollout is due to happen.
The music is just *too* loud. Harder to hear you Simon. Especially 6:40 ish onwards
As a pointless fact, during the french revolution as Louis was attempting to escape paris, he was caught because a stable boy who helped to change his horses recognised the man in the carriage because he looked like the head on a coin in his pocket.
Damn accurate depictions! Merde!
We have had the plastic money for a very long time. It's anoying as if it is bent it says this way. It melts if you leave your wallet in the car on a hot day or in your pocket and it goes through the drier. Once it tears it needs to be taped immediately or you will have 2 parts of a bill. It's awful. 🙂🇨🇦
My little fishing town has one cash machine for the whole town and its a nightmare when it breaks coz then everyone has to use the coop for cash back. Most of the shops around here use cash only and its a pain in the arse
if any of the next currency comes out with the head facing the same way as the queen. it will be worth a literal mint.
Nowadays if someone gets a hold of your smart phone they've taken you entire life as so many people put all of their personal and professional history on them, including the financial details of their life. I'll stick with cash in any form for as long as possible.
Are the coins with Edward VIII's face still in existence? It sounds like they would be valuable to collectors.
They are valuable collectors items
Groovy music man. I won't accept King Chuck on my coins, I have a file handy. As for currency, just won't accept the $20 (but if have the misfortune of getting one, have a sharpie handy).
I can't help but feel they would have saved a lot of time and money holding off introducing the polymer notes until the Queen passed, she was 90 when they started it's not like they didn't see it coming.
They aren't recalling anything but they will have to come up with new designs, retool the presses and whatever else changing money entails.
How will they manage to fit King Charles III's ears on the banknote if it isn't the size of an extra large duvet cover?
You totally didn't mention how that many Aussies want Steve Irwin on their Money and NOT Prince Charles!
*King Charles III
@@andrewprytherch
He's still an Inbred Loon (who offed Princess Diana).
Crikey!
This is a PERFECT topic for Sideprojects. Nice not to have a "top 5" video this week.
we’ll have to wait a while for the bills to show Charles III.
however, the coins for Charles have been made and shown to the public.
As a Canadian I'd love to see the monarchy removed from everything
Trailer park boys coinage would be cool
Sometimes when things is falling apart, they may actually be falling into place...so don't bother much...for nature knows better than you ❤️
It sounds a bit morbid, but given the relative predictability of the line of succession, is there any chance the mint in the UK might have had a reserve of notes and coins ready for this transition? Maybe that's not how it works... idk
Probably not, but maybe had the Charles III portrait and master coining dies ready to go.
I wander what the odds are that we'll have to start printing William notes before the queen's are all gone.
I was born in 1969 and I recall seeing the odd coin circulating when I was young with King George VI's image on it. Coins last a long time.
Your beard is becoming more astonishing with every video 👍
I like your sweater Simon.
I would think it would be financially prudent of the King to choose not to change the currency. This is something I (for some reason) thought about like 5 years ago. Considering the cost and time it takes to change over the currency, it seem financially irresponsible to do so for a monarch as his age. It’s possible that they would still be working on printing the equivalent replacement money by the time of the next change. As a king, he should have the best interest of the people in mind, and in doing so, spend that money on the people and not on, well, money. It would also leave a very positive legacy, which is something unlikely to happen for him any other way.
That's a good idea with one small problem. It's not up to the King to decide when or how the design of the coins or banknotes change. The King has no power at all over any aspect of British financial policy (and hasn't since the 17th Century). That is the decision of the Bank of England. They can (and probably will) ask his opinion but they have no obligation to do as he suggests. We shall just have to wait and see.
Yeah, because our monarchy tries really hard to save the British people money, right?
@@davidbray5982 This video might be of interest. Or not.
czcams.com/video/ARn4B6-EFjw/video.html
Until recently Canada just continued to use older coins, but the RC Mint has pulled out nearly every nickel pre-1982 and all the dimes and quarters made from nickel to replace them with steel coins clad in a little nickel. This decision has nothing to do with the image on the coin and everything to do with “recovery” of that valuable nickel in the coins.
So what you're saying is that William (and maybe George) will be king before Q. Liz's money is completely gone, especially since King Charles is already in his 70s.
All the new notes are 20% bigger to fit Charlie on them in proportion of his portrait mug shot.
The only thing that makes money, money, is that we all agree that it is worth what it says that it's worth. Doesn't really matter whose face is on it. On a more relevant note, this would be an excellent time for the UK to get rid of the penny, and not waste time (and lots of taxpayer money) minting new ones with the king on them.
@@jetstream6389 Many countries have done this in the recent-ish past, The Netherlands, Belgium, Finland, Australia, New Zealand... In fact, the UK decommissioned the half-penny for being worth too little in 1984, so there's no reason not to do it again.
I'm calling it now. Charles money will be worth more than Elizabeth money because such a small amount of it will be produced before Charles dies and passes the crown to who should've gotten it in the first place: William.
Who should have gotten it?
You know that is mot how a hereditary royal title works. It is not a game show or reality TV where you vote for a favourite.
@@archstanton6102 up to a few years ago it would have been Prince William who would have been King because Prince Charles would not have been able to take the crown due to his second marriage because of the church rules at that time.
@@bluevaro505 Source?
@@archstanton6102 The rules for succession can be changed and have been changed many times in history.
Primogeniture itself wasn't the original form of inheritance for the kingdom of England. It adopted it later. And even as recently as 2013, the laws of succession were changed once again from male-preference to absolute. Male-preference also wasn't a thing for a long time, it was originally male-only.
Also inheritance was changed at another point when it was decided Catholics could not inherit the crown.
Charles himself was also disqualified from the throne due to having divorced and re-married until the law was changed yet again.
So don't act like the laws of succession are some sacred immutable thing. They aren't. They change to suit the needs and wants of those in power.
Charles could have and SHOULD have been passed over. He is a spoiled brat who is so out of touch with reality he doesn't even know how the world works, and the way he treated Diana alone is reason enough to never give him the crown.
@@TheDrexxus correct. As king or queen you are also the head of the Church of England and had to follow their rules as well. Up to a few years ago he wouldn't have been able to have been crowned King because of the fact that he was divorced and was also married to a divorcee. The church changed their rules thus he can and is King of England. The divorce reason is why Edward the 8th had to advocate the throne when he wanted to marry his girlfriend. Had he not done that Elizabeth would have never been able to have been come Queen when she did.
Whatever happens it will take a while, however it would not surprise me if the uk government tried to push for a cashless society and say it would take too much money to change the notes and coins.
They need to push for a monarchless society.
Charlie might say bolox to that.
@@KazyEXE Why? They bring in so much money by tourism. So much goes out from all the immigrants that we need money coming back in.
We go poor and you will cry when all your luxuries go bye bye. Grow up and think before making silly statements you don’t even know the implications of.
Nah they're just hoping he'll die before they have to change the money lol
I mean Charles is no spring chicken. Maybe they will just wait him out and put the next person on bills
Well I don't know about you but here in Canada we already decided we aren't gonna change it!
Really? Good, it's too expensive.
There's something about physical money that makes it more real. Its so easy to spend money when its just numbers on a screen.
Then again, I would bet thats what people said about coins and paper money when they were introduced to replace bartering...
I know Fact Boy never re-records anything. But reading "Edward VIII" as "Edward the Third"?? Really, Simon?
simon i couldn't hear you over the background music
At 2:30 - Edward the _third?_ Edward the eighth, I believe.
I literally went to verify my knowledge about Roman numbers when I saw that, like .. before I'm going to hospitalise myself 😀
If no coins were minted featuring Elizabeth II for six years after her accession, then I assume the 1953 British penny in my possession is such a rarity it must be worth tons of money.
thats all interesting but the real question is will they use a current portrait or one of a younger charles?
So from a collectors point of view.
How much will “the last” bank note issued to the public be worth?
Older bank notes have value because of there age and condition.
The last note printed and circulated will be a “one of a kind” note.
I’m sure some
Collectors are pretty excited about getting there hands on it.
You would have to have inside information in order to know that I believe. I mean it's relatively easy to know that a given banknote belongs to the last batch, but I'm not sure if it's easy or not to know the actual last serial number they printed before switching so that you would know that this banknote it "the last one"
Plot twist: the British government will keep the queen’s face on money forever
The pound coin you showed that was minted in 1989 has not been legal tender for over 5 years
Queen Elizabeth has died? Wow they kept that quiet. Thought it might have been mentioned on TV or in the press.
If you've only just heard about Elizabeth, I've got some terrible news about QEII
Surely Simon is old enough to remember coins being used as 5p and 10p featuring George VI into the 1990s
banks in scotland and northern ireland issue their own notes which dont have the queen portrait on them
All I know is my personal coin collection is going to have a few bucks worth of 2022 currency in it next year.
In 1988 we changed to our plastic notes in Australia, we have Queen Elizabeth on our $5 note and the back of all of our coins. Odd to think they will be changed soon , Queen Elizabeth was Queen for so long
Usually the faces of kings are only displayed on coins, the newer coins get the newer face, that's all, the oil coins aren't taken out of rotation at all.
They are going to have to make the 5p bigger to fit them ears on.
Also RIP Lizzy, time for her to ascend to the golden throne.
So it may be possible for us to see notes with Elizabeth, Charles, and William on it in circulation at the same time when Charles dies as Elizabeth's are phased out and Philip's phases in? Was it that way after Edward VIII with him and the Georges?
Edit: fixed wrong name
William, not Phillip. Phillip was Elizabeth's husband. William is King Charles III's son
@@melindoranightsilver9298 D' oh!thank you, yes, I mispoke. Edited.
Before decimilalisation you had all the coins from Victoria to Queen Elizabeth 2nd in circulation at the same time. Fewer and fewer of the older ones as they became worn out, of course, but in any random bag of coins you'd be likely to find representative coins of most of them.
@@robertstallard7836 And some of the old coins stayed in circulation long after decimalization, in part because any decimal replacements of the same value were the same size and weight -- e.g, old shillings coexisted with new 5p coins. This lasted until the new coins were made smaller in the 1990s.