What coin is it

[teash]

Sorry in advance if i`ve put this in the wrong section.
Anyway i`ve got a coin (uk) 1.5 inch in diameter, on one side is the queen on horseback with her name around the outer and 1977 at the bottom. On the reverse its got scrolls of leaves/flowers with a eagle? in the centre and a crown at the top.
There is no monetary value etched in it but its more or less identicle in size and thickness to a �5 coin I own.
Any ideas on its monetary value

[margaretta]

I think it may commemmorate her majesty's silver wedding anniversary

[makemesmile]

If it's 1977, it sounds like a Silver Jubilee commerative coin

[makemesmile]

Does it look like this?

http://cgi.ebay.co.uk/1977-ELIZABETH-II-SILVER -JUBILEE-CROWN-COIN-BOXED_W0QQitemZ15006025953 1QQihZ005QQcategoryZ141148QQrdZ1QQcmdZViewItem

If so, it's on Ebay - opening bid �4.99, though there's others on a 'buy it now' of �1.49

Considering how reletively recent the Silver Jubilee was, I'm guessing you'll have to keep it a lot longer before it's worth any significant amount : )

[teash]

Yep thats the one makemesmile, I was only curious to know if its legal tender and would be accepted as payment for goods

[makemesmile]

I honestly don't know if it's legal tender or not. I don't think it has a face value (i.e. it's not stamped '�1' or something) so my guess is it's not.

[dzug]

Its face value is 25 pence or 5 old shillings. As it was never intended to circulate, it wasn't incorporated in the design.

It is legal tender but it is unlikely you will find anywhere willing to accept it as payment - it would just be beyond any shop assistant's or manager's knowledge. (BTW 'legal tender' does not mean 'obliged to accept' - it has a very narrow and specialised legal meaning.)

[kempie]

dzug is correct except for two points.

The 1977 Silver Jubilee Crown can not have a face value of 5 old shillings since it was minted post-decimalisation. Crowns minted prior to 1971 would have had that value; after 1971 they had a value of 25p and since 1990 Crowns have a value of �5.

The coin did enter general circulation (as all Crown issues do) with 37,061,160 of the coins being minted, which was more than 50% greater than the number of 5p coins that were struck the same year (24,308,000).