What happens to Canada’s currency, stamps, place names after the Queen’s death?
Posted September 8, 2022 11:58 am.
Last Updated September 9, 2022 5:18 pm.
Queen Elizabeth II has been a constant presence in Canadians’ lives.
Her face is engraved on our coins. It graces the $20 bill and is featured on some of our stamps. Even buildings, parks, mountains and islands bear her name.
Following her death, questions are being raised about how the face of money minted in Canada may change.
According to the Bank of Canada the current $20 bank note featuring the Queen is intended to circulate for years to come.
The Bank of Canada tells CityNews the Minister of Finance is responsible for approving the form and material of any new bank note, including the portrait subject, but there is no specified timeline to update the image when the monarch changes.
Alex Reves, spokesperson for the Royal Canadian Mint, says he can’t say how the heads side of our coins will change as the Government of Canada has exclusive jurisdiction over the design of Canadian coins. But right now, there is no legal requirement to change or replace existing coins in circulation.
Christopher Porco, who studies and collects rare coins, says Canadians could end up with the image of King Charles III on our money however its not guaranteed. Porco says with the Queen’s death, coin collectors are now moving quickly to try and get their hands on coins struck in the first and last years of her reign.
The Mint says there will not be any 2023 circulation coins with the Queen’s image, but a small number of Lunar New Year fractional set coins have already been struck that do have the Queen’s portrait on the back with a 2023 date.
The very first image of the Queen on a Canadian bank note dates back to 1935 when she was only eight years old as part of series featuring multiple members of the Royal Family. Since then the Queen has been featured on the currencies of at least 33 countries, with portraits depicting her up to the age of 90.
Here’s a look at some of the things that will — or won’t — change following Queen Elizabeth II’s death:
Coins:
The Royal Canadian Mint says all coins engraved with the effigy of the Queen will remain legal tender and stay in circulation indefinitely. It notes that nickels bearing the likeness of her father, King George VI, are still legal tender today.
As new coins are produced, the Mint says it will be up to the government of Canada to decide whether to change the image on the obverse (heads side) of coins, where the Queen currently appears.
“The Mint must await the Government’s direction on a new obverse design when a change in Monarch occurs, but we will work closely with the appropriate authorities when this change is requested.”
$20 bills:
The Bank of Canada says the current polymer $20 bank note featuring the Queen will continue to circulate for years to come. Her image will eventually be replaced, however, by that of her successor.
“When it is eventually redesigned, the $20 note will continue to feature the reigning monarch,” the bank says.
Stamps:
Canada Post won’t say what will happen to existing stamps featuring the Queen’s image but will presumably continue to accept those used after her death as legal postage.
As for whether the new monarch’s image will appear on new stamps, Canada Post says: “We have a National Stamp Advisory Committee that evaluates and determines elements of stamp issues. These elements are only disclosed once the stamp is announced publicly.”
Buildings, places and organizations named after the Queen:
There is no reason to suppose many, if any, will change their names. After all, many buildings, places and organizations in Canada continue to bear the name of Queen Victoria more than a century after her death.
Canadian Armed Forces:
The Queen’s Own Rifles, Canada’s oldest infantry regiment, won’t be changing its name, which is actually in honour of Queen Victoria.
However, Queen Elizabeth’s passing will have some impact on more than a dozen other regiments, military branches and military organizations for whom the Queen has been the titular head or patron.
According to the Department of National Defence, The Queen is colonel-in-chief of 12 armour and infantry regiments, including the Governor General’s Horse Guards. She holds the same title in the CAF Legal Branch and the Branch of Canadian Military Engineers, and she is Captain General to the Royal Regiment of Canadian Artillery.
She is also patron of several navy-related organizations, including the Navy League of Canada and the Royal Canadian Naval Benevolent Fund.
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Queen Elizabeth has filled these roles in her personal capacity. Hence, the titles “will not automatically transfer to the new Sovereign,” the department says.
Should they choose to name a new colonel-in-chief or patron, the department says each regiment or organization would have to submit a request to the new monarch, or other members of the Royal Family, for their consideration.