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What is the history of the George V old Penny dated 1918?

Updated: 8/17/2019
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The 1918 British Penny was minted in London in 1918. Those with a "KN" Mint mark were minted at the King's Norton Metal Co., those with an "H" Mint mark were minted at the Heaton Mint, Birmingham.

The reverse features a seated figure of Britannia with trident and shield.

They were made from bronze, were 30.8 mmm in diameter and weighed 9.54 grams.

The same design was used from 1911 to 1926.

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Q: What is the history of the George V old Penny dated 1918?
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