Five pence (British coin)

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Five pence
United Kingdom
Value£0.05
Mass(1968–1990) 5.65 g
(1990–present) 3.25 g
Diameter(1968–1990) 23.59 mm
(1990–present) 18.00 mm
Thickness(Cupro-nickel) 1.7 mm
(Steel) 1.89 mm
EdgeMilled
Composition Cupronickel (1968–2010)
Nickel-plated steel (2011–)
Years of minting1968–present
Obverse
British five pence coin 2016 obverse.png
Design Queen Elizabeth II
Designer Jody Clark
Design date2015
Reverse
British five pence coin 2015 reverse.png
DesignSegment of the Royal Shield
Designer Matthew Dent
Design date2008

The British decimal five pence coin (often shortened to 5p in writing and speech) is a denomination of sterling coinage worth five one-hundredths of a pound. Its obverse has featured the profile of Queen Elizabeth II since the coin’s introduction on 23 April 1968, replacing the shilling in preparation for decimalisation in 1971. [1] It remained the same size as the one shilling coin, which also remained legal tender, until a smaller version was introduced in June 1990 with the older coins being withdrawn on 31 December 1990. [2] Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008.

Contents

5p coins are legal tender up to the sum of £5 when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions. [3]

The five pence coin was originally minted from cupro-nickel (75% Cu, 25% Ni), but since 2011 [4] it has been minted in nickel-plated steel due to the increasing price of metal. From January 2013, the Royal Mint began a programme to gradually remove the previous cupro-nickel coins from circulation with replacement by the nickel-plated steel versions. [5]

As of March 2014, an estimated 3,847 million 5p coins were in circulation with an estimated face value of £192.370 million. [6]

Design

Thistle design reverse: 1982-2008 British five pence coin 1990 reverse.png
Thistle design reverse: 1982–2008

The original reverse of the coin, designed by Christopher Ironside, and used from 1968 to 2008, is a crowned thistle (formally, The Badge of Scotland, a thistle royally crowned), with the numeral "5" below the thistle, and either NEW PENCE (1968–1981) or FIVE PENCE (1982–2008) above the thistle.

To date, three different obverses have been used. In all cases, the inscription is ELIZABETH II D.G.REG.F.D. 2013, [7] where 2013 is replaced by the year of minting. In the original design, both sides of the coin are encircled by dots, a common feature on coins, known as beading.

As with all new decimal currency, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse, [8] in which the Queen wears the 'Girls of Great Britain and Ireland' Tiara.

Between 1985 and 1997, the portrait by Raphael Maklouf was used, [8] in which the Queen wears the George IV State Diadem.

On 27 June 1990 a reduced size version of the five pence coin was introduced. The older larger coins were withdrawn on 31 December 1990. The design remained unchanged.

From 1998 to 2015, the portrait by Ian Rank-Broadley was used, [8] again featuring the tiara, with a signature-mark IRB below the portrait.

As of June 2015, coins bearing the portrait by Jody Clark have been seen in circulation.

In August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin. [9] The winner, announced in April 2008, was Matthew Dent, whose designs were gradually introduced into the circulating British coinage from mid-2008. [10] The designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The shield in its entirety was featured on the now-obsolete round £1 coin. The 5p coin depicts the centre of the Royal shield, showing the meeting point of the four quarters. The coin's obverse remains largely unchanged, but the beading (the ring of dots around the coin's circumference), which no longer features on the coin's reverse, has also been removed from the obverse.

5p coins are legal tender for amounts up to and including £5. [11] [12] However, in the UK, "legal tender" has a very specific and narrow meaning which relates only to the repayment of debt to a creditor, not to everyday shopping or other transactions. [13] Specifically, coins of particular denominations are said to be "legal tender" when a creditor must by law accept them in redemption of a debt. [14] The term does not mean - as is often thought - that a shopkeeper has to accept a particular type of currency in payment. [13] A shopkeeper is under no obligation to accept any specific type of payment, whether legal tender or not; conversely they have the discretion to accept any payment type they wish. [12]

Mintages

Mintage figures below represent the number of coins of each date released for circulation. Mint Sets have been produced since 1982; where mintages on or after that date indicate 'none', there are examples contained within those sets.

Related Research Articles

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The British decimal fifty pence coin is a denomination of sterling coinage worth one half of a pound. It is a seven-sided coin formed as an equilateral-curve heptagon, or Reuleaux polygon, a curve of constant width, meaning that the diameter is constant across any bisection. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction in 1969. Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008.

Ten pence (British coin) British decimal coin

The British decimal ten pence coin is a denomination of sterling coinage worth one-tenth of a pound. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction in 1968, to replace the florin coin in preparation for decimalisation in 1971. It remained the same size as the florin coin until a smaller version was introduced 30 September 1992, with the older coins being withdrawn on 30 June 1993. Four different portraits of the Queen have been used on the coin; the latest design by Jody Clark was introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008.

Penny (British decimal coin) Unit of currency equalling one-hundredth of a pound sterling

The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth one-hundredth of one pound. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised. Four different portraits of the Queen have been used on the obverse; the latest design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent, features a segment of the Royal Shield and was introduced in 2008. The penny is the lowest value coin ever to circulate in the United Kingdom.

Two pence (British decimal coin) British decimal coin

The British decimal two pence coin is a denomination of sterling coinage equalling 2/100ths of a pound. Since the coin's introduction on 15 February 1971, the year British currency was decimalised, its obverse has featured four profiles of Queen Elizabeth II. In 2008 the design on its reverse changed from the original depiction of a plume ostrich feathers with a coronet to a segment of the Royal Shield.

Halfpenny (British decimal coin) Demonetised unit of currency that was worth one two-hundredth of a pound sterling

The British decimal halfpenny coin was a denomination of sterling coinage introduced in February 1971, at the time of decimalisation, and was worth one two-hundredth of one pound. It was ignored in banking transactions, which were carried out in units of 1p.

Two pounds (British coin) British coin denominating two pounds sterling

The British two pound (£2) coin is a denomination of sterling coinage. Its obverse has featured the profile of Queen Elizabeth II since the coin’s introduction. Three different portraits of the Queen have been used, with the current design by Jody Clark being introduced in 2015. The reverse design features Britannia.

One pound (British coin) British coin, denomination of the pound sterling

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Half farthing Former coin of the United Kingdom and other territories

The British half farthing was a denomination of sterling coinage worth 1/1,920 of a pound, 1/96 of a shilling, or 1/8 of a penny. It was minted in copper for use in Ceylon, but in 1842 was also declared legal tender in the United Kingdom. Two different obverses were used. Like all British coinage, it bore the portrait of the monarch on the obverse.

History of the British penny (1901–1970) History of the pre-decimal British penny during the 20th century

The British penny, a large, pre-decimal coin which continued the series of pennies which began in about the year 700, was struck intermittently during the 20th century until its withdrawal from circulation after 1970. From 1901 to 1970, the obverse of the bronze coin depicted the monarch who was reigning at the start of the year. The reverse, which featured an image of Britannia seated with shield, trident, and helm, was created by Leonard Charles Wyon based on an earlier design by his father, William Wyon. The coins were also used in British colonies and dominions that had not issued their own coins.

Florin (British coin) Former coin of the United Kingdom and other territories

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Crown (British coin) British coin introduced in 1707

The British crown was a denomination of sterling coinage worth 1/4 of one pound, or 5 shillings, or 60 pence. The crown was first issued during the reign of Edward VI, as part of the coinage of the Kingdom of England.

Half crown (British coin) Former coin of the United Kingdom and other territories

The British half crown was a denomination of sterling coinage worth 1/8 of one pound, or two shillings and six pence, or 30 (old) pence. The half crown was first issued in 1549, in the reign of Edward VI. No half crowns were issued in the reign of Mary, but from the reign of Elizabeth I half crowns were issued in every reign except that of Edward VIII, until the coins were discontinued in 1970.

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British twenty-five pence coin British commemorative coin

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Shilling (Irish coin)

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Christopher Ironside OBE, FRBS was an English painter and coin designer, particularly known for the reverse sides of the new British coins issued on decimalisation in 1971.

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References

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  2. Stephen Eckett; Craig Pearce (2008). Harriman's Money Miscellany: A Collection of Financial Facts and Corporate Curiosities. Harriman House Limited. p. 19. ISBN   978-1-905641-95-6.
  3. Royal Mint Frequently Asked Questions Archived 8 January 2009 at the Wayback Machine
  4. Decimal Five Pence | author=Tony Clayton
  5. "Cupro Nickel Replacement Programme". Royal Mint. 2013.
  6. "Mintage Figures". Royal Mint. Retrieved 28 December 2015.
  7. Clayton, Tony. "Decimal Coins of the UK – Bronze" . Retrieved 24 May 2006.
  8. 1 2 3 "1p Coin". British Royal Mint. Archived from the original on 27 April 2006. Retrieved 23 May 2006.
  9. "Royal Mint seeks new coin designs", BBC News, 17 August 2005
  10. "Royal Mint unveils new UK coins" Archived 7 September 2008 at the Wayback Machine , 2 April 2008
  11. "Coinage Act: Section 2", legislation.gov.uk , The National Archives, 1971 c. 24 (s. 2)
  12. 1 2 "What are the legal tender amounts acceptable for UK coins?". The Royal Mint. Retrieved 9 April 2020.
  13. 1 2 "What is legal tender?". Bank of England. Retrieved 5 May 2019.
  14. "Legal tender". Collins. Retrieved 9 April 2020.
  15. Mintage figures Archived 7 April 2011 at the Wayback Machine , Royal Mint