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1/2 Crown - George V 3rd type, Modified Effigy
| Issuer | United Kingdom |
|---|---|
| Year | 1926-1927 |
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| Currency | Pound sterling (1158-1970) |
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|---|---|
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| Reverse description | Central device comprising a crowned quartered shield of the Royal Arms, encircled by the Garter band bearing the motto of the Order of the Garter in raised lettering. The denomination appears in the lower portion of the legend, with the date divided and placed below the shield in the exergue area. The overall composition is framed by a beaded inner border, with the peripheral legend arranged in two arcs separated by the denominational and date inscriptions. |
| Reverse script | Latin |
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| Additional information |
The "Modified Effigy" designation marks a subtle but deliberate revision to the Mackennal portrait, reducing the relief to ease die wear during production — a practical concession the Royal Mint made under pressure from rising striking costs in the mid-1920s. The change was minor enough that many contemporary collectors failed to notice it at all.
The .500 fine silver standard had been fixed by the Coinage Act of 1920, halving the traditional fineness as Britain struggled to stabilize public finances after the war. By 1926, that debased alloy was already two mintages deep into circulation.