1 Penny - George IV Maundy issues

Maundy coinage occupied a peculiar administrative space within the Royal Mint — struck not for circulation but for the annual Royal Maundy ceremony, in which the sovereign distributes alms to elderly recipients equal in number to the monarch's age. George IV, increasingly infirm and rarely seen in public by the late 1820s, delegated the ceremony itself while the coins continued to be struck in his name. The Penny is the smallest denomination in the four-piece Maundy set, alongside the Twopence, Threepence, and Fourpence.

Because these pieces were distributed as gifts rather than spent, survivors in high grade are far more common than their mintage figures might suggest.