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 third part of a series of sets issued over several years. This coin commemorates the Dreadnought.
The dreadnought was the predominant type of battleship in the early 20th century. The first of the kind, the Royal Navy's Dreadnought, had such an impact when launched in 1906 that similar battleships built after her were referred to as "dreadnoughts", and earlier battleships became known as pre-dreadnoughts. Her design had two revolutionary features: an "all-big-gun" armament scheme, with an unprecedented number of heavy-calibre guns, and steam turbine propulsion. As dreadnoughts became a crucial symbol of national power, the arrival of these new warships renewed the naval arms race between the United Kingdom and Germany. Dreadnought races sprang up around the world, including in South America, lasting up to the beginning of World War I. Successive designs increased rapidly in size and made use of improvements in armament, armour, and propulsion throughout the dreadnought era. Within five years, new battleships outclassed Dreadnought herself. These more powerful vessels were known as "super-dreadnoughts". Most of the original dreadnoughts were scrapped after the end of World War I under the terms of the Washington Naval Treaty, but many of the newer super-dreadnoughts continued serving throughout World War II.
While dreadnought-building consumed vast resources in the early 20th century, there was only one battle between large dreadnought fleets. At the Battle of Jutland in 1916, the British and German navies clashed with no decisive result. The term "dreadnought" gradually dropped from use after World War I, especially after the Washington Naval Treaty, as virtually all remaining battleships shared dreadnought characteristics; it can also be used to describe battle-cruisers, the other type of ship resulting from the dreadnought revolution
The edge lettering of the coin, "WATCH DOGS OF THE NATION", is taken from Augustus H Cook’s poem, “For England’s Sons in Danger”.
The coin was issued in Proof FDC, in sterling silver and in a gold, both in sets only and not issued individually. |