The new 0 note revealed by the RBA.

Australian coins will feature a new portrait of Queen Elizabeth II for the first time in 20 years

Money

THE Queen is getting a fresh new look — on our coins, anyway.

Today, Governor-General Peter Cosgrove revealed the new portrait of Queen Elizabeth II at the Royal Mint in Canberra.

The image, designed by UK engraver Jody Clark from the British Royal Mint, will appear on our coins from next year onwards.

It is the first time Australian coins will feature a new portrait of the Queen in 20 years.

“This new effigy will be a new image for a new era, continuing to tell the story of a reign and lifetime,” Sir Peter said.

“Congratulations to the Royal Australian Mint and Jody Clark — the new coins and effigy are set to become a familiar sight for years to come.”

Royal Australian Mint CEO Ross MacDiarmid, told 3AW Queen Elizabeth II was beloved across the Commonwealth.

“We’ve now got her shoulders appearing and the Victorian coronation necklace, it’s a larger portrait and one that hopefully continues to reflect her wonderful looks,” Mr McDermott told the station.

“The transition to a new effigy on all Australian coinage will begin in 2019 and continue into 2020. Coins carrying previous portraits of The Queen will remain in circulation.”

Governor-General Sir Peter Cosgrove officially launched the first Australian coins to bear the new portrait of Her Majesty Queen Elizabeth II at the Royal Australian Mint in Canberra.

Governor-General Sir Peter Cosgrove officially launched the first Australian coins to bear the new portrait of Her Majesty Queen Elizabeth II at the Royal Australian Mint in Canberra.Source:News Corp Australia

The last time we had a new image of Her Majesty stamped on our currency was way back in 1998, and the new portrait will be just the sixth effigy used since the monarch took the throne in 1952.

The updated image depicts the Queen wearing the Victorian coronation necklace around her neck — and it’s the first to show her neckline and shoulders since 1966.

Now with shoulders!

Now with shoulders!Source:Supplied

The last update came back in 1998.

The last update came back in 1998.Source:Supplied

The news comes as the Reserve Bank prepares to release new 0 notes next month.

The new design, which follows the updated and 0 notes, was unveiled back in February ahead of its release into general circulation this October.

It is expected the 0 note will be updated this year and be released in October 2019, with the 00 note to follow in late 2020.

However, RBA assistant governor of banking services Lindsay Boulton said not every ATM and other cash-handling machine would be able to accept the new notes “from day one”.

The new 0 note revealed by the RBA.

The new 0 note revealed by the RBA.Source:Supplied

The new 0 note revealed by the RBA.

The new 0 note revealed by the RBA.Source:Supplied

“Will every single machine be available from day one? No, and I wouldn’t expect that, because even though the notes are going to be released in October, it takes many months for the new notes to reach a reasonable saturation,” he said.

If you’re hoping to get your hands on them ahead of time, they can be ordered online or by calling 1300 652 020.

— With AAP

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