The Royal Canadian Mint has started the ball rolling to have King Charles III on Canadian coins. An email invitation is being sent to more than 350 artists in the Mint database as well as to Mint engravers.

Design concepts will be evaluated by an internal Mint review panel and the winning design will be submitted for necessary government and Buckingham Palace approvals. The Mint will then begin the engraving and tooling process where dies are created to strike the coins.

All coins currently in circulation remain legal tender, regardless of the fact that the monarch has changed. As coins have a life span of over 20 years, Canadians can expect to see “Queen” coins in circulation for many more years.

No timeline has yet been put in place for the release of a new coin.