Penny 2006 (Maundy), Coin from United Kingdom - detailed information

The Maundy penny is the smallest denomination of Maundy money - coins specially minted in varying (but always small) mintage for ceremonial purposes and not intended as circulating currency. They are usually handed by the British monarch in person to selected deserving individuals once every year. They are issued in "prooflike" condition and usually remain in it, especially the more recent ones. Each recipient receives two purses: a red one with ordinary coins, and a white purse containing a particular amount (which varies every year) made up of one, two, three and four pence Maundy coins. Since the amounts are not always divisible by ten, the number (and mintage) of the respective denominations differ; in other words, they cannot always all be cleanly combined into a number of full sets. Note also that the coins are initially in purses; the sets that appear on the market are made from these later, and are not issued as sets by the Royal Mint.

Maundy money has remained in much the same form since 1670, and the coins used for the Maundy ceremony have traditionally been struck in sterling silver, save for the brief interruptions of King Henry VIII’s debasement of the coinage and the general change to 50% silver coins in 1920. The sterling silver standard (92.5%) was resumed following the Coinage Act of 1946. The current reverse was designed by Jean Baptiste Merlen in 1822 and has been issued since then with only minor modifications.

The Maundy pieces continue to use the original obverse design for Queen Elizabeth II by Mary Gillick, although the bust of the Queen on other British coins has been repeatedly replaced as she ages. At the time of decimalisation, the Royal Mint Advisory Commission recommended the retention out of affection for the Gillick design; this was accepted by the Queen.

This Maundy one penny coin was distributed in person by Queen Elizabeth II (together with a twopence coin, a threepence and a fourpence) at the 2006 Maundy ceremony which was held at Guildford Cathedral.