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1 Penny - George V 2nd Maundy issue

Issuer Royal Mint
Year 1921-1927
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Value 1 Penny (1⁄240)
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Reverse description The reverse features the numeral '1' in a bold, vertically lined Roman style, surmounted by a St. Edward's Crown rendered in fine relief. The date is divided on either side of the central numeral, with '19' to the left and the final two digits of the year to the right. Two oak branches, tied at the base with a ribbon bow, frame the central design symmetrically, their acorns and leaves rendered with naturalistic precision. The whole composition is enclosed within a raised dentilated border, consistent with the traditional Maundy coinage reverse design engraved by Jean Baptiste Merlen.
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Edge Plain
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Additional information

Maundy coinage occupies a peculiar niche in British numismatics — struck not for commerce but for the Royal Almonry's annual Thursday ceremony, in which the sovereign distributes specially prepared sets to elderly recipients, one recipient per year of the monarch's age. The shift to .500 silver in 1921 was driven by the Coinage Act of 1920, a direct response to rising silver prices following the First World War, which had made the old .925 standard coins worth more as metal than as currency.

Despite the reduced fineness, Maundy pieces were never intended for circulation and consequently survive in exceptional condition as a matter of course rather than luck.

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