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 celebrating British artist Paul McCartney is part of the ninth release in the Music Legends coin series by the Royal Mint.
The mint says:
Paul McCartney is one of the most successful and enduring British musicians of all time. An undisputed icon of popular culture, his ever-expanding legacy includes countless hits, a long list of industry accolades and critical acclaim on a global level.
From his pioneering work with The Beatles in the 1960s to his time in Wings and his continued global success as a solo artist, Paul McCartney is thriving in today’s ever-changing musical landscape, performing to generations of fans at sold-out concerts around the world.
Despite his revered status in the world of music and pop culture, this is the first time McCartney has been honoured with a UK coin from The Royal Mint. In 2021, following a medallic collaboration with the Royal Mail, steps were taken to commemorate Paul McCartney’s musical talents when we reached out to his team. From there, discussions were held, concepts and designs were broached, and the wheels were soon in motion to turn this idea into a reality.
Naturally, condensing such an incredible career into one coin-sized image would be a sizeable task for any artist, yet one that design agency Osborne Ross took in their stride. A numismatic tribute to this national treasure, the reverse of the Paul McCartney 2024 UK Coin features richly detailed hallmarks of the musician’s peerless career. | 
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