Whereas under section 3(1)(a), (b), (cc), (cd) and (d) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to determine the denomination, the design and dimensions of coins to be made at Our Mint, and to determine the weight and composition of coins other than gold coins or coins of silver of Our Maundy money, and the remedy to be allowed in the making of such coins, and to provide for the manner of measurement of the variation from the standard weight of coins:

And Whereas under section 3(1)(ff) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to direct that any coin shall be legal tender for the payment of any amount:

And Whereas it appears to Us desirable to order that there should be made at Our Mint a new series of coins of the denomination of five hundred pounds in silver:

We, therefore, in pursuance of the said section 3(1)(a), (b), (cc), (cd), (d) and (ff) and of all other powers enabling Us in that behalf, do hereby, by and with the advice of Our Privy Council, proclaim, direct and ordain as follows:

FIVE HUNDRED POUND SILVER COIN

1. (1) A new coin of silver of the denomination of five hundred pounds shall be made, being a coin of a standard weight of 1005 grammes, a standard diameter of 100 millimetres, a standard composition of not less than 999 parts per thousand fine silver, and being circular in shape.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight or diameter specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 6 grammes; and

(b) a variation from the said standard diameter of 0.3 millimetres per coin.

(3) The variation from the standard weight will be measured by weighing each coin separately.

(4) The design of the said silver coin shall be as follows:

‘For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 500 POUNDS ·” and the date of the year, and for the reverse either:

(a) a depiction of Prince Regent George of Britain (later King George IV), Emperor Francis II of Austria, Emperor Alexander I of Russia and King Frederick William III of Prussia, facing left surrounded by symbolic scenes representing peace; or

(b) a depiction of the Duke of Wellington and Prussian Commander Gerhard von Blucher, represented as two horsemen accompanied by a representation of Nike, the goddess of victory and the chariot of Zeus, surrounded by figures of men with serpent legs.

The coin shall have a grained edge.’

(5) The said silver coin shall be legal tender for the payment of any amount in any part of Our United Kingdom.

2. This Proclamation shall come into force on the eleventh day of April Two thousand and twenty-four.

Given at Our Court at Buckingham Palace, this tenth day of April in the year of Our Lord Two thousand and twenty-four and in the second year of Our Reign.

GOD SAVE THE KING