The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling, and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound.
The British decimal ten pence coin is a denomination of sterling coinage worth 1⁄10 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the same size as the florin until a smaller version was introduced on 30 September 1992, with the older coins being withdrawn on 30 June 1993.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.
The British florin, or two-shilling piece, was a coin worth 1⁄10 of one pound, or 24 pence. It was issued from 1849 until 1967, with a final issue for collectors dated 1970. It was the last coin circulating immediately prior to decimalisation to be demonetised, in 1993, having for a quarter of a century circulated alongside the ten-pence piece, identical in specifications and value.
The British threepence piece, usually simply known as a threepence, thruppence, or thruppenny bit, was a denomination of sterling coinage worth 1⁄80 of one pound or 1⁄4 of one shilling. It was used in the United Kingdom, and earlier in Great Britain and England. Similar denominations were later used throughout the British Empire and Commonwealth countries, notably in Australia, New Zealand and South Africa.
The pound was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002.
Decimal Day in the United Kingdom and in Ireland was Monday 15 February 1971, the day on which each country decimalised its respective £sd currency of pounds, shillings, and pence.
The farthing was the lowest value coin of the pre-decimal Irish pound, worth a quarter of a penny, 1⁄48 of a shilling or 1⁄960 of a pound. The coin had lost much of its value through inflation long before decimalisation in 1971, and during the 1960s no farthings were produced for general circulation; those minted in 1966 were produced for collectors' sets.
The threepence or 3d coin was a subdivision of the pre-decimal Irish pound, worth 1⁄80 of a pound or 1⁄4 of a shilling. Leath reul literally means "half reul", the reul being a sixpence coin worth about the same as the Spanish real. As with all other Irish coins, it resembled its British counterpart, as the Irish pound was pegged to the British pound until 1979.
The shilling (1s) coin was a subdivision of the pre-decimal Irish pound, worth 1⁄20 of a pound. Worth 12d or half of a Florin.
The florin (2s) coin was a subdivision of the pre-decimal Irish pound, worth 1⁄10 of a pound. It was more commonly known as the two-shilling coin.
The half crown coin was a subdivision of the pre-decimal Irish pound, worth 1⁄8 of a pound. The half crown was commonly called "two and six" due to its value of two shillings and sixpence.
The ten shilling (10s) coin was a one-off commemorative coin issued in Ireland in 1966 to mark the 50th anniversary of the Easter Rising. Ten shillings was a subdivision of the pre-decimal Irish pound, worth 1⁄2 of an Irish pound, making this the highest-value coin in the pre-decimal system.
The decimal halfpenny coin was the smallest denomination of the Irish pound. It was first issued when the Irish currency was decimalised on Decimal Day, 15 February 1971. It was one of three new designs introduced all in bronze and featuring ornamental birds on the reverse. The coin value was weakened by inflation and very few were produced beyond the initial run for 1971. It was removed from circulation and demonetised on 1 January 1987.
The decimal one penny (1p) coin was the second-smallest denomination of the Irish pound. There were 100 pennies (pence) to the pound. The coin was first issued on Decimal Day, 15 February 1971. It was the second of three new designs introduced all in bronze, the others being a half-penny and a two pence coin. All featured ornamental birds designed by Irish artist Gabriel Hayes on the reverse.
The two pence (2p) coin was the third smallest denomination of the Irish pound, being worth 1⁄50 of a pound. It was first issued on Decimal Day, 15 February 1971. The coin was minted until 2000. It was the third of three new designs introduced all in bronze, the others being the halfpenny and penny. All featured ornamental birds on the reverse.
The five pence (5p) coin was a subdivision of the Irish pound. It was introduced in Ireland on Decimal Day, 15 February 1971 and reused the design on the shilling coin produced for the Irish Free State in 1928. Some shilling coins remained in circulation until the early 1990s, with the same nominal value as the five pence coin.
The twenty pence (20p) coin was a subdivision of the Irish pound. It was introduced on 30 October 1986. It was the first Irish decimal coin of a different size to the corresponding British coin, as the Irish pound had not been pegged to sterling since 1979. Its last issue was in 2000, two years before Ireland withdrew its pound for the euro.
The fifty pence (50p) coin was a subdivision of the Irish pound. It was introduced in Ireland on 17 February 1970. It replaced the ten-shilling coin and ten-shilling note when decimalised, and due to this conversion was introduced a year before Decimal Day in 1971.
There have been three sets of coins in Ireland since independence. In all three, the coin showed a Celtic harp on the obverse. The pre-decimal coins of the Irish punt had realistic animals on the reverse; the decimal coins retained some of these but featured ornamental birds on the lower denominations; and the euro coins used the common design of the euro currencies. The pre-decimal and original decimal coins were of the same dimensions as the same denomination British coins, as the Irish punt was in currency union with the British pound sterling. British coins were widely accepted in Ireland, and conversely to a lesser extent. In 1979 Ireland joined the Exchange Rate Mechanism and the Irish punt left parity with sterling; coin designs introduced after this differed between the two countries.
The one pound (£1) coin, worth one Irish pound, was used in Ireland from 20 June 1990 until the formal adoption of euro currency in 2002. The last issue was minted in 2000.
