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Home £10 note: What happens to banknotes when the Queen dies? It is believed that Prince Charles has already sat for portraits to be used on banknotes Photo (C) GETTY

It is believed that Prince Charles has already sat for portraits to be used on banknotes Photo (C) GETTY

Concept design for the new £10 note, featuring a portrait of Jane Austen Photo (C) GETTY

It is believed that Prince Charles has already sat for portraits to be used on banknotes Photo (C) GETTY

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Concept design for the new £10 note, featuring a portrait of Jane Austen Photo (C) GETTY
On the Queen’s death, Prince William will become first-in-line to the throne Photo (C) GETTY