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value of money increasing
hi, im from the UK, im sure that will help. Ok, im wondering, when Prince charles becomes king, the money will change yes? like, the coins, and the notes will have the queens face on it, and the current money with the queens face on it, will be taken away right? So if i were to keep the money with the queens face on it (when prince charles becomes king) will it increase on value? as there will be less of it circulating?
thanks :)
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Want to answer more questions in the Miscellaneous category?
Maybe give some free advice about: Random Weirdos?
The thing is that for a coin or a banknote to have any significant value beyond what is written on it, it has to be REALLY rare. This will simply not happen with a national currency in your lifetime. It will probably never happen within any reasonably predictable amount of time.
So keep it as a souvenir, or to give to your children one day, but unfortunately it won't be a money maker :)
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I don't know how it is in the UK, but in Canada we have the monarchy on our money too.
This has happened in the past, and generally, they'll just stop creating new coins with that person's face. It only makes them more rare in the sense that old ones end up lost, and are replaced by newly minted coins with the new monarch on them. Every year a whole bunch of new money is printed to replace this loss. Eventually, the older stuff is harder to find.
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