That date translates to 1986 (remember your Roman numerals??) so you have one of the bullion coins that the Mint has been selling for the last 20+ years.
Assuming your coin is still in its original Mint holder it's worth about $210 at current (01/2009) gold prices.
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Its not really worth anything.Its realy a tocken.
The M on all Standing Liberty quarters is the monogram of the coin's designer Hermon A MacNeil (and yes, he did spell his first name with an 'o')The mint mark position is roughly symmetric on the pedestal to the other side of Miss Liberty - blank = Philadelphia, S = San Francisco, D = Denver.
That sounds like a U.S. Liberty nickel, except none were minted in 1914. They were produced from 1883 through 1912, and are made of 75% copper with 25% nickel, which is the same blend still used today.
There was no "Battle of Britain" 50 Pence coin issued. Perhaps you refer to the 1994 "50th Anniversary of the Normandy Landing (D-Day)" 50 Pence coin. I have to point out that as I type this I have a "Battle of Britain 1940" fifty pence coin in my hand, so either I have a forged coin or Mr Lewis is incorrect in his assertion that no such coin exists.
The Battle of Jutland was in 1916. Can you provide some information about the coin like a country or mint name, the year of minting, what the coin is made from, its diameter, what is inscribed on the coin, etc?