Because it's an old coin, when the King was alive. You can see which king or queen was on Canadian Coins, according to the year, here : http://www.coinsandcanada.com/coins-prices.php
A 1903 King Edward VII one cent coin is probably worth only a small amount of money. It is worth less than five dollars because it is made of copper.
463 pound sterling for Edward VII
Such a coin does not exist. Queen Victoria was monarch in 1896. King Edward VII from 1901 to 1910.
Please check your coin. King Edward VII died in 1910 and King George V was on the throne in 1913.
You could try a coin dealer or eBay.
A worn coin is worth less than $1.00 USD. Well preserved: $3
The King Edward VII penny was circulated from 1902 to 1910 in Canada. The coin was widely used, so the value of each coin is only between 1 dollar and 10 dollars, depending on condition.
There is no such coin, King Edward VII died in 1910 and all 1919 British pennies show King George V on them.
Please check your coin. King Edward VII died in 1910 and King Edward VIII was on the throne for less than a year in 1936.
Except for the year and the unusual spelling of Edward, you are describing a sterling silver Crown (Five Shilling) coin. The man on the horse is possibly St. George in the act of slaying a dragon. The only Edward VII Crowns to be minted were dated 1902, the year of his Coronation. The coin/token/medallion is most likely a souvenir from the 1908 London Summer Olympic Games which were opened by King Edward VII. They were produced in quantity and possibly have very little value.
Your coin is a medallion probably rare. Where did you find the coin?
Gold is currently £830-a-Troy Ounce (31.1035 gms). In 1911, there were three gold coins issued under the reign of George V (Edward VII had died in 1910). The coin you have (probably the FIVE POUND PIECE), if dated, 1911 could be worth from £1,200 - £2,500 depending on condition. Check to see that the monarch is George V and not Edward VII.