How Much Are 5-Pound Coins Worth?
The value of a five-pound coin depends on the condition of the coin, the issue date and the material that the coin is made out of. The value of a five-pound coin can range from face value to 50,000 pounds or more for a rare uncirculated coin.
Though they are legal tender, five-pound coins are primarily minted as commemorative crown coins. Due to the commemorative status, coins in uncirculated condition are worth considerably more than those used as currency. Typically, the older the five-pound coin is, the higher its value, though five-pound coins minted as recently as 2010 can be worth up to 1,250 pounds or more in proof or uncirculated condition.
The British Pound is formally referred to as “pound sterling.” It was originally used in Anglo-Saxon England and was equivalent to one pound in weight of silver. The pound is divided into a hundred pence, similar to the U.S. dollar, which is divided into a hundred pennies. The front of the coin features the profile of Queen Elizabeth II since the coin’s latest redesign in 1990.