In February
1920 the price of silver rose to record prices - to 5/6d or (0.275
pence) per
ounce which meant that it cost more than the legal tender
value of the
coins to make them. As a result the government hastily decided to
reduce the fineness of the silver coinage from
the recognised 0.925
fineness to the new reduced 0.500 fineness.
This was achieved in the first instant by mixing
50%
silver & 50% copper together. This was quickly followed by mixing 50%
silver & 50% cupro-nickel ' with discarded' bullet shell cases - the cupro-nickel
consisted of 90%
copper &
10% nickel.
These early
coins when worn soon turned dull, with almost a sort of brownish
colour !
The low, flat
relief
head of obverse 3 makes it difficult to determine the
grade as even on a choice quality coin the 'flat' head looks to be only
in 'Fine' Grade !!
Really
good quality halfcrowns of this period are very hard to find especially
for 1925