JAKARTA - The death of Queen Elizabeth II has made collectors hunt for coins and rare banknotes featuring her, even though the money currently displaying the Queen's portrait will continue to circulate in Commonwealth countries.
Coin traders say demand for rare banknotes and coins, such as Canadian 20 dollars before the Second World War featuring a Queen as a child, or 50-cent Australian Jubilee Platinum coin, which has increased since the longest king died. According to the Guinness Book of World Records, the Queen is featured in 33 currencies around the world.
"There's been an incredible increase in demand," said Peter Hutchison, a legacy coin specialist at the Hattons of London.
Demand jumped 45fold after the Queen's death and came from Australia, he said.
In the highest demand is limited edition collectors' goods, such as the British Platinum Jubilee 50 coin printed in the original platinum, to the set issued in 1953 for Queen Elizabeth's coronation.
With experienced numismatics looking to fill the void in their collection, prices have gone up.
"I think we're going to see them increase more now, as more people enter the market and try to catch up to them," Hutchison said.
Meanwhile Jon White, owner of The Britania Coin Company near Swindon, located about 80 miles west of London, said he has overseas buyers willing to pay dearly for a set of 2022 Marindy, a coin given by the king to parents for their community service.
"We find it increasingly difficult to get the things our customers want," he said.
In Australia, coin expert Joel Kandiah posted a video on TikTok this week, saying the value of 2013-dollar Purple Coronation coin in the country had "strengthened" up to $180.
At Alliance Coin & Banknote in Almonte, Ontario, near Ottawa, owner Sean Isaacs is preparing an auction this month featuring several "significant" royal-themed items, including 1935 Canadian $20 banknote featuring Princess Elizabeth at the age of 8.
"This is one of the 10 most desired banknotes in the 20th century, so I would be interested in seeing if there was enthusiasm above and beyond that money," he said.
Isaacs hopes for the auction ranges from 300 Canadian dollars to several thousand' dollars each, according to conditions.
Rare French versions of paper money without mistakes can cost $18,000 to Canadian dollars, he said.
In a separate online auction, 1935$20 banknote featuring young Elizabeth was offered for Canadian$2,100 with 10 days remaining.
Going forward, Isaacs expects a surge in interest in any warning coins spent celebrating the queen's rule. He also wants to see the first coin featuring Charles as king.
"It will be another important day in collecting," Isaacs said.
However, it may take a while before coins and banknotes featuring King Charles go into people's wallets, especially outside the UK. Commonwealth includes 56 countries.
Central banks in Canada, Australia, and New Zealand all say money featuring Queen Elizabeth will remain in circulation for years to come. Canadiancoring said it would continue to circulate coins dated 2022 as needed to supply the market.
in Kangaroo Country, the new Australian coin will eventually feature King Charles III, although not in the near future, according to Royal Australian Mint.
" Historically, coins with new master's images were released about 12 months after the coronation," he said.
The Commonwealth countries that wish to use the image of King Charles III on coins and banknotes are likely to be in line behind the UK.
Meanwhile, Royal Mint and the Bank of England have yet to provide any details, but experts anticipate that, after the mourning period ends, work will begin on design, including preparing and approving the portrait of King Charles III.
"I estimate, this process will take at least four months and maybe up to six months," Hutchinson said.
"They usually aim to issue new coins and banknotes before the coronation or at the time of cremation," he said.
The date of the inauguration of King Charles III has not been determined.
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