Æ 23.6mm diameter.  MITCHELLS & BUTLERS LTD · EXCHANGE RESTAURANT around, crown in centre, SALE. BIRM· below.  R. 1D. in laurel wreath.  Whitmore — (cf. 1778-1780: other denominations listed, 2d, 3d 6d, 1/-)  About VF

Since 1898 Mitchells & Butlers have been the largest operators of restaurants pubs and bars in the UK.