The Royal Canadian Mint reveals the new 2023 loonie with the image of King Charles III. (Photo via The Royal Canadian Mint’s Facebook page.)

When Queen Elizabeth died last year, her son Charles replaced her on the throne. Now he is taking her place on Canada’s coins too.

About face

Why do we put the monarch on our money? It’s been a tradition since 1908, when Canada started minting its own coins. For the past 70 years, it’s been the Queen’s familiar face.

King Charles III was crowned in May. To mark the occasion, Prime Minister Trudeau announced that our coins, $20 bills, and postage stamps would be updated with King Charles’ image.