Five Pounds 2024 Buckingham Palace, Coin from United Kingdom - detailed information

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 dedicated to the Buckingham Palace in London.

The mint says about it:
Since 1837, Buckingham Palace has served as the official London residence of the British monarch. Today, it is the administrative headquarters of the British monarchy, as well as acting as a hub for national and royal celebrations.

King George III bought Buckingham House, as it was then known, in 1761 for his wife Queen Charlotte. Regarded as a comfortable family home close to St James’s Palace, Buckingham House was the location for the birth of all but one of George III’s and Queen Charlotte’s 15 children. The building underwent various reconstructions over the ensuing decades as it was transformed from a house into a palace, and Queen Victoria became the first British monarch to rule from Buckingham Palace when she took up residence there in July 1837.

Today, the Palace is very much a working building, playing host to royal events attended by more than 50,000 guests each year, including Heads of State from around the world. The Palace boasts 775 rooms, including 19 State Rooms that are used by the Royal Family for official entertaining and are open to visitors every summer.