Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The one-fortieth ounce (1/40 oz) gold coins are denominated as Fifty Pence (50p) and have been issued since 2014.
These tiny coins are legal tender but are not intended for circulation. They are targeted at collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with other denominations with the same reverse designs.
This coin continues the great success of earlier commemoratives celebrating favourite children story characters, and is the third depicting The Gruffalo. It shows "a charming illustration of The Gruffalo's Child by Axel Scheffler, capturing the essence of the beloved character from Julia Donaldson's classic story".
Written in Julia Donaldson’s unmistakable verse and illustrated by Axel Scheffler, The Gruffalo’s Child is a firm favourite with the next few children’s literature fans who have only just started to settle down for decades of wonderful bedtime stories and have already memorised the first tale by Julia and Axel, The Gruffalo.
Published in 2004 and in time for the 20th anniversary of the first children’s book, The Gruffalo’s Child was celebrated with a new animated adaptation, captivating both audiences as they discover this timeless tale. The coin's reverse features an illustration of The Gruffalo’s Child just as it appears in the book. | 
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