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 was issued as part of a six-coin set of similar coins commemorating the Centenary of the First World War; the set itself is the first part of a series of sets issued over several years. The coin marks the role that the Royal Navy played in the war.
Naval Warfare in World War I was mainly characterized by blockade. The Allied Powers, with their larger fleets and surrounding position, largely succeeded in their blockade of Germany and the other Central Powers, whilst the efforts of the Central Powers to break that blockade, or to establish an effective counter-blockade with submarines and commerce raiders, were eventually unsuccessful.
The coin was issued in Proof FDC, in sterling silver and in a gold, both in sets only and not issued individually. | 
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