No, it is not a Five Pound coin.
There were four different gold coin issued in 1911 with George V on the obverse and St George and the Dragon on the reverse. The Five Pound and Two Pound, both as Proof only, and the Sovereign and Half-Sovereign.
The Five Pound coin was the largest of the gold coins in 1911 at about 38mm.
The Half-Sovereign was the smallest of the gold coins in 1911 at 19.5mm.
I cannot find any reference to a 1911 British 16mm gold coin.
The Royal Mint has not issued any 16mm gold coins as you describe. It sounds very similar to a Sovereign or a Half-Sovereign, but smaller.
There is a dealer of questionable reputation claiming to have exclusive rights to a quantity of Quarter-Sovereign coins, a coin that was never produced until the Royal Mint produced one in 2009.
Alternatively, you may have a privately issued medallion or token issued for the Coronation of George V.
George was a Roman soldier. The dragon slaying is a myth.
dragon slaying is the killing of a dragon obviously
Legends say that St. George was a knight and slayed a dragon.
One common phrase associated with St. George before slaying the dragon is "In the name of God and St. George, I shall slay thee." This quote highlights the bravery and faith of St. George in his battle against the dragon.
In England they celebrate the mythical slaying of the dragon and the bravery of St. George. He is the patron saint of England.
It is a Legend.... likely to be a work of fiction, a folklore tale. Dragons do not exist.... St. George did actually exist but the dragon slaying story is a legend.
St. George was a real person and a martyr of the early Church. However, some of the things he is purported to have done, such as slaying a dragon, are legends.
The legendary 'slaying of the dragon' purportedly occurred at a lake near Silena, Libya, north Africa.
Slaying Dragon by Supernatural Power - 1941 was released on: USA: August 1941
It was Edward J. Machodo who recorded the myth slaying the dragon and cheating the devil.
It would depend upon the size, condition and quality of the carving.
The album cover is a reference to the story of St George and the dragon. The dragon represents Babylon and Bob on the horse represents him slaying Babylon through his music.