At the time of decimalisation in 1971, the United Kingdom Crown coin (equal to 5 shillings) was redenominated as a 25p coin and pieces struck prior to 1990 - all the way back to 1818 - continue to be legal tender for that amount. The old denomination had been a regular circulating coin in the 19th century, but in the 20th century it became more of a commemorative denomination.
The Royal Mint continued issuing commemorative coins in the same format - using the traditional coin dimensions, but in copper-nickel. These were initially also denominated as 25 pence but the "Crown" was changed in 1990 to a commemorative £5 (five pound) coin, having the same dimensions and weight but with a face value twenty times as great.
The denomination is used to mark special occasions, usually royal in theme, rather than for use in general circulation. Although not circulating, these coins are legal tender.
This commemorative £5 Crown-sized coin is part of an 18-coin collection issued by the Royal Mint for the London 2012 Summer Olympics.
The 2012 Summer Olympics, formally the Games of the XXX Olympiad and commonly known as London 2012, took place in London and to a lesser extent across the United Kingdom from 25 July to 12 August 2012.
A Celebration of Britain is a collection consisting of 18 Crown-sized coins denominated as £5 which were released one at a time, every 28 days - so that the first six are dated 2009 and the last twelve are dated 2010. All feature the London 2012 logo, which is colourised on the reverse. The coins are grouped around three themes, with six coins dedicated to Mind, Body and Spirit respectively, and each theme having a differently coloured logo.
The Globe Theatre coin is part of the Mind series and features the Globe Theatre in London. The original was built in 1599 by William Shakespeare's playing company, the Lord Chamberlain's Men, on land owned by Thomas Brend and inherited by his son, Nicholas Brend and grandson Sir Matthew Brend, and was destroyed by fire on 29 June 1613. A second Globe Theatre was built on the same site by June 1614 and closed by an Ordinance issued on 6 September 1642. A modern reconstruction of the Globe, named "Shakespeare's Globe", opened in 1997 approximately 230 m from the site of the original theatre.
The inscription, "We are such stuff as dreams are made on", is a quotation from William Shakespeare's "The Tempest"; it aims to sum up the hopes and ideals of sportsmen and women in approaching the London 2012 Games. |