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All British 5 Pence coins should have a milled edge.

I do not know about "rare", but it is certainly not how it was intended to be, and if there is one, there may be more.

It would fall into the category of a minting error and may have some value above the usual.

A reputable coin dealer may be able to advise and give a valuation.

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15y ago

What else can I help you with?