Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The quarter ounce (1/4 oz) gold coins are denominated as Twenty-five Pounds (£25).
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 other denominations with the same reverse designs.
This quarter-ounce gold commemorative coin is part of a range celebrating the 70-year reign of Queen Elizabeth II. The first design in The Queen’s Reign Collection, it focuses on Her Majesty’s awards and honours, which is a system that recognises individual service in many forms.
Featuring reverse designs by the Irish artist and illustrator Patrick James (P. J.) Lynch, the coins in this limited collection of three UK coins honour The Queen’s contribution to society and the common good. Each of the artist’s designs feature The Queen’s iconic signature as a symbol of her personal commitment to the people of the United Kingdom and the Commonwealth.
The Mint says:
In the distant past, titles and honours would have been the sole preserve of the monarch. In medieval times, the monarch could give gifts of money or land via a preferential system that later gave way to appointment to orders of chivalry. Society has since transformed and, as the roles of the monarchy and government have changed, parliament and the Cabinet are now responsible for nominating almost all recipients, although the awards and honours are still made in the name of Her Majesty The Queen.
Today, awards and honours are more democratic, as anyone can recommend someone for an award, and focus on recognising individuals’ contributions to society. That could be through charity work and fundraising, via military careers or government service, or for their contribution to areas that enhance all our lives, such as science, culture and the arts. Eagerly awaited by the public, the Honours Lists are released twice a year: at New Year and on The Queen’s official birthday in June. From paramedics and teachers to lollipop ladies and foster parents, the honours provide an opportunity to recognise people for their extraordinary actions.
Along with knighthoods, the most well-known awards are probably the MBE and OBE, as well as military medals such as the George Cross, which was established by The Queen’s father George VI to recognise bravery when not under enemy fire. Queen Elizabeth II, just as the monarchs who have gone before her, has also left her own mark with the Elizabeth Cross, which was introduced in 2009 to honour families who have lost loved ones in conflict or to terrorism. To mark Her Majesty’s Platinum Jubilee, a medal will be awarded to serving frontline members of the police, fire, emergency services, prison services and armed forces as a mark of the nation’s thanks. | 
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