Edward Medal 1st Class Mines GVI Sovereign
In both case (Mines and Industry), the medal was divided in two grades: first class (silver) and second class (bronze), with the medal being a circular silver or bronze medal (as appropriate to the class awarded) suspended from a ribbon 1 3/8" wide and coloured dark blue and edged with yellow. Peculiarly, the cost of the Edward Medal (Mines) was borne by a fund established by a group of philanthropists (including prominent mine owners) and not the state.
The Edward Medal (Mines) has been awarded only 395 times (77 silver and 318 bronze) and the Edward Medal (Industry) only 188 times (25 silver and 163 bronze, of which only two were awarded to women), making the Edward Medal one of rarest British gallantry awards. Only posthumous awards were made after 1949, and the Edward Medal (Industry) (1st class) has not been awarded since 1948.
The Edward Medal was discontinued in 1971, when surviving recipients of the Edward Medal (along with holders of the Albert Medal were invited to exchange their award for the George Cross. Nine (2 silver, 7 bronze) elected not to exchange their medals.