1902 Shilling – Edward VII

Edward VII was King of the United Kingdom and the British Dominions and Emperor of India from 22 January 1901 until his death in 1910. Edward was the eldest son of Queen Victoria and Prince Albert of Saxe-Coburg and Gotha. Edward married Princess Alexandra of Denmark in 1863.

Five Pound, Two Pound and Crowns were only released in 1902. The 1902 Proof set for the Coronation is unusual in that it had a Matt finish. Gold Sovereign mintages were high during the reign of Edward VII, averaging more than 10 million per year which makes them fairly common even today.
The Shilling (written 1/-) is one-twentienth of a pound, worth 12 old pence (5 new pence). It is traditionally a silver coin, but since 1947 it has been made from cupro-nickel. Shillings are known as 'Bobs'.

Shillings are old coins and the English shilling has been around since about 1549, although there were 12 pence coins before that called Testoons from about 1489. The British shillings was the continuation from 1707.

After decimalisation on 15 February 1971, the coin was replaced by the five new pence piece. Originally, the 5p coin was the same size as the shilling but was later made much smaller.The Royal Mint is the designated place for the UK to mint coins. It dates back well over 1000 years and is a Government-owned company. 

Formed in the reign of Alfred the Great about the year 886, during the period 1279-1812 it was generally referred to as The Tower Mint as it was housed at the Tower of London. The Master of The Royal Mint has included famous figures such as Sir Isaac Newton.

Since 2010 it has operated as Royal Mint Ltd, a company owned by HM Treasury, under an exclusive contract to supply all coinage for the UK although it also produces medals and coins for other countries. It is currently located at Llantrisant, Wales.
The United Kingdom (UK) is the Union of England, Scotland, Wales and Northern Ireland. It is often refered to as Great Britain (GBR). It has a long, rich history.

The orignal coinage was Pounds, Shillings and Pence but since decimalisation on 15 February 1971, it is £1 = 100p, that is One Pound = 100 pence. The coinage of the UK is also a long history, the Royal Mint being established as long ago as 886AD when coins were hammered. Today there is perhaps 30 billion coins in circulation, and many (numismatic) collectors coins and sets are issued frequently in gold, silver and other metals.