The first Australian coins featuring King Charles' head on them are now in circulation across the country, joining the millions featuring his late mother Queen Elizabeth.

The effigy of King Charles III will feature on the new $1 coins being manufactured by the Royal Australian Mint.

The first batch of 3.5 million coins have been delivered to the banks and will join the coins featuring the effigy of the late Queen Elizabeth II, which will continue to remain in circulation.

The coin was designed by the Royal Mint in London, with the effigy getting the approval of the royal family.

The remaining denominations of circulating coins will be released progressively in 2024, based on bank demand.

Don adds:

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Australian Royal Mint releases new $1 King Charles coin into circulation(https://www.news.com.au/finance/business/banking/australian-royal-mint-releases-new-1-king-charles-coin-into-circulation/news-story/fac2262586791413afd2946a89e3e100)