Today crown coins are usually issued to mark special occasions of national importance and are intended to be commemoratives rather than ordinary circulation coins. But they have seen some significant changes over the decades...
The British crown first appeared during the reign of Henry VIII and was struck from gold. Issued in 1544, the ‘Double rose’ as it came to be known had a twin rose deign topped with a large crown on the obverse.
Crown coins weren’t struck regularly from silver until 1662 under Charles II – which is when all the previous denominations of gold coins were replaced by milled guineas.
Silver crown coins enter circulation…
The crown issued for circulation that year marked the end of hammered coins as the Royal Mint transferred to mill striking permanently after centuries of working by hand.
At this point the crown started to look more familiar, and it has remained roughly the same size (almost 30mm in diameter) to the present day.
The coins’ generous dimensions leant it an air of importance, and crowns were usually struck in a new monarch’s coronation year. This was true of every monarch since King George IV up until the present monarch in 1953, with the single exception of King George V.
With its large size, many of the later coins were primarily commemoratives. The 1965 issue carried the image of Winston Churchill on the reverse, the first time a non-monarch or commoner was ever placed on a British coin, and marked his death.
Traditionally crowns had a face value of five shillings, but after decimalisation on 15th February 1971 the crown became the 25p coin – one of the UK’s most unusual denominations.
The 25p pieces were issued to commemorate significant events, with one of the earliest issues being the Silver Wedding Anniversary of Queen Elizabeth II and Prince Phillip in 1972.
In 1980 an issue was authorised for the 80th birthday of Queen Elizabeth The Queen Mother; and, in 1981, the coin was issued to celebrate the marriage of Charles, Prince of Wales and Lady Diana Spencer. All of these issues were struck in large mintages, in plastic cases, and in cupro-nickel. However, in addition to this, limited numbers of collectors’ coins of these modern issues were struck to proof quality separately by the Royal Mint in sterling silver.
Legal tender changes from 25p to £5…
The legal tender value of the crown remained as 25p until 1990 when their face value was increased to £5 in view of its relatively large size compared to other coins.
Since the value increased to £5 in 1990 it quickly became recognised as the nation’s flagship commemorative coin and remained possible to buy these coins through banks and post offices (as well as the Royal Mint, The Westminster Collection and other distributors) in circulating quality right up until 2009.
Farewell to the face value £5 coin…
£5 coins continued to be available for a couple more years at face value in brilliant uncirculated quality. But sadly, today the Royal Mint only releases £5 coins in presentation packs selling for £13.
The British crown has undoubtedly seen many changes throughout the years, from metals, size and denomination – it certainly is a coin with an interesting history.
What’s been the most significant change for you? Leave a comment below.
Sign the petition to bring back the £5 for £5 by clicking here
Discover how you can be one of just 1,000 collectors able to own the new 2016 UK Queen’s 90th Birthday £5 for £5 – click here.
A national ballot has just been announced to enable 1,000 lucky collectors the chance to own the Queen’s 90th Birthday £5 Coin for its face value.
The Royal Mint stopped making the nation’s flagship £5 coins available for its face value in 2012. However, the new ballot means that the British public once again has the chance to own the new UK £5 coin for £5.
The History of the £5 Coin
Traditionally, major British events were celebrated with commemorative crowns, which had a face value of 25p, or 5 shillings prior to decimalisation in February 1971. But in 1990 the face value was increased to £5 to give the coin a value consistent with its weight and size.
The first ever £5 Crown Coin was The Queen Mother’s 90th Birthday Crown Coin, with other popular issues include The Queen and Prince Philip’s 50th Golden Wedding in 1997, The Diana Princess of Wales Memorial Crown in 1999, and the 200th anniversary of the Battle of Trafalgar in 2005.
Commenting on the launch of the ballot, The Westminster Collection Chairman, Stephen Allen said: “I’m delighted to finally be able to offer at least some UK collectors the chance to own the UK £5 coin for its face value”
The ONLY way to own Britain’s new UK £5 for £5