I have done a bit more digging. You can draw your own conclusions from the links and quotes below:
http://wiki.answers.com/Q/What_are_the_specifications_of_British_decimal_coins
25 Pence (from 1972 - 1981) 38.61 mm diameter, 2.5 mm thick, weigh 28.28 grams and are made from 75% copper and 25% nickel. The edge is milled. During their period of issue, they were referred to as a Crown due to them being of the same dimensions as the pre-decimal Crown coin. These coins were discontinued from 1982 but remain legal tender. Circulation of these coins is uncommon.
http://www.royalmint.com/home/frequentlyaskedquestions.aspx
Can I use Commemorative Crowns as ordinary coins? Why are some of them worth more than others?
These coins, as the name suggests, are issued to commemorate special occasions of national importance usually, but not exclusively, royal in theme. They are intended to be souvenirs rather than ordinary circulation coins and are consequently seldom found in everyday circulation.
Traditionally crowns had a face value of 25p (or 5 shillings prior to decimalisation in February 1971). In 1990 the face value was increased to £5 to give the coin a value consistent with its weight and size in relation to those of in the then current range of coins.
Each crown issue is authorised by Royal Proclamation in accordance with the requirements laid down by the Coinage Act 1971. This means that - in common with other coins in general circulation - a crown has legal tender status.
Most people would not wish to exchange a crown piece, but in recognition of the fact that some people may wish to do so, some post offices have agreed to accept crowns in exchange for goods and services.
http://www.kenelks.co.uk/coins/decimal/decimal.htm
Commemorative crowns were still issued with a value of 25 new pence. These were to celebrate the Queen's 25th Wedding Anniversary in 1971, her Silver Jubilee in 1977, the Queen Mother's 80th birthday in 1980 and finally the wedding of Price Charles and Lady Diana Spencer in 1981. Thereafter, all new crowns were given a value of £5, although the first of these did not appear until 1990. None of these coins were intended for circulation but they do have legal tender status.
In summary, my opinion is that, with the exception of some post offices, these commemorative crowns are not being traded for goods and services and therefore should not be referred to as circulating. What do you think?
Just because you can't see it ... doesn't mean it isn't there - Anon.
Former coin and banknote catalogue referee.