Only 12 'pence' so why is it quarter-sized? Well, it is only 50% silver so that 12 pence is the silver value. The copper value is worth about 2 (American) cents now while the silver is around $3.00. Back in the day a British Penny looked like this and was about the same size as a half dollar making the copper amount in this coin highly insignificant. For all of that silver value and some collector value this coin is worth about $4.00.
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