Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The one ounce (1 oz) gold coins are denominated as One Hundred Pounds (£100).
The coins are legal tender but are not intended for circulation. They are targeted at bullion investors or collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with smaller denominations with the same reverse designs.
This commemorative gold one-ounce coin celebrating The Who is the fourth in the Music Legends coin series by the Royal Mint; earlier coins commemorated Queen, Sir Elton John and David Bowie.
The Who are an English rock band formed in London in 1964. Their classic lineup consisted of lead singer Roger Daltrey, guitarist and singer Pete Townshend, bass guitarist and singer John Entwistle, and drummer Keith Moon. They are considered one of the most influential rock bands of the 20th century and have sold over 100 million records worldwide. They are cited as an influence by many hard rock, punk rock and mod bands, and their songs still receive regular exposure.
The Royal Mint says:
"Our Music Legends collection showcases iconic acts from the nation’s diverse musical past and present. It is not often that a band will span generations, but The Who, with their explosive performances, have been a part of Britain’s soundtrack for more than 50 years. Together, groundbreaking lead guitarist Pete Townshend, microphone-twirling Roger Daltrey, John ‘The Ox’ Entwistle, and maverick drummer Keith Moon challenged genres, broke records and thrilled fans with their unique style.
Artist Henry Gray has included some of the most iconic symbols from the band’s live and loud performances in his design. A Union flag, mod logo and speaker-smashing Rickenbacker guitar all feature in the form of a pinball table, which is a nod to Tommy, one of the band’s most famous creations." | 
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