1 Florin - George V 3rd issue

The third florin type of George V's reign was part of a broader 1927 redesign that replaced the earlier Mackennal effigy — itself controversial when introduced in 1911 — with a modified portrait by Bertram Mackennal that the king found marginally less objectionable. George V's persistent dissatisfaction with his own coinage likenesses was a recurring headache for the Royal Mint throughout his reign.

The .500 fine silver standard had been fixed by the Coinage Act of 1920, halving the pre-war fineness in response to the rising price of silver bullion following World War I.