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The standard circulating coinage of the United Kingdom is denominated in pounds sterling, and, since the introduction of the two-pound coin in 1994, ranges in value from one penny to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound. British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the coins' designs.
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in Austria (Schilling), and in the United Kingdom, Australia, New Zealand and other British Commonwealth countries.
The British decimal halfpenny coin was introduced in February 1971, at the time of decimalisation, and was worth one two-hundredth of a pound sterling. It was ignored in banking transactions, which were carried out in units of 1p.
Decimalisation is the conversion of a system of currency or of weights and measures to units related by powers of 10.
The British threepence (3d) coin, usually simply known as a threepence, thruppence, or thruppenny bit, was a unit of currency equaling one eightieth of a pound sterling, or three old pence sterling. It was used in the United Kingdom, and earlier in Great Britain and England. Similar denominations were later used throughout the British Empire, notably in Australia, New Zealand, and South Africa.
The British crown, the successor to the English crown and the Scottish dollar, came into being with the Union of the kingdoms of England and Scotland in 1707. As with the English coin, its value was five shillings.
The Irish pound was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the usual notation was the prefix £. The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002.
The word bit is a colloquial expression referring to specific coins in various coinages throughout the world.
Decimal Day in the United Kingdom and in Ireland was on 15 February 1971, the day on which each country decimalised its respective £sd currency of pounds, shillings, and pence. Before this date, in the United Kingdom, the British pound was made up of 20 shillings, each of which was made up of 12 pence, a total of 240 pence. With the decimalisation, the pound kept its old value and name, and the only changes were in relation to the subunits. The shilling was abolished, and the pound was subdivided into 100 "new pence", each of which was worth 2.4 "old pence". In Ireland, the Irish pound had a similar £sd currency structure and similar changes took place.
£sd is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles and hence in several countries of the British Empire and subsequently the Commonwealth. The abbreviation originates from the Latin currency denominations librae, solidi, and denarii. In the United Kingdom, these were referred to as pounds, shillings, and pence
The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of banknotes and coins denominated in pound sterling, in a similar way to the banknotes issued in Scotland, England and Northern Ireland. It can be exchanged at par with other sterling coinage and notes.
The commemorative British decimal twenty-five pence (25p) coin was issued in four designs between 1972 and 1981. These coins were a post-decimalisation continuation of the traditional crown, with the same value of a quarter of a pound sterling. Uniquely in British decimal coinage, the coins do not have their value stated on them. This is because previous crowns rarely did so.
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 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 when decimalised, and due to this conversion was introduced a year before Decimal Day in 1971.
The sixpence, sometimes known as a tanner or sixpenny bit, is a coin that was worth one-fortieth of a pound sterling, or six pence. It was first minted in the reign of Edward VI, and circulated until 1980. Following decimalisation in 1971 it had a value of 2 1⁄2 new pence. The coin was made from silver from its introduction in 1551 until 1947, and thereafter in cupronickel.
The threepence or threepenny bit was a denomination of currency used by various jurisdictions in England, Ireland, Scotland and Wales, valued at 1/80 of a pound or ¼ of a shilling until decimalisation of the pound sterling and Irish pound in 1971. It was also used in some parts of the British Empire, notably Australia, New Zealand and South Africa.
The Coins of the Australian pound arose when the Federation of Australia gave the constitutional power to Commonwealth of Australia to mint its own coinage in 1901. The new power allowed the Commonwealth to issue legal tender rather than individually through the six former British self-governing colonies of Queensland, New South Wales, Victoria, Tasmania, South Australia, and Western Australia.
The Australian Threepence is a small silver coin used in the Commonwealth of Australia prior to decimalisation. It was minted from 1910 until 1964, excluding 1913, 1929–1933 inclusive, 1937, 1945 and 1946. After decimalisation on 14 February 1966, the coin was equivalent to 2½¢, but was rapidly withdrawn from circulation.
The shilling (1/-) was a coin worth one twentieth of a pound sterling, or twelve pence. It was first minted in the reign of Henry VII as the testoon, and became known as the shilling from the Old English scilling, sometime in the mid-16th century, circulating until 1990. The word bob was sometimes used for a monetary value of several shillings, e.g. "ten-bob note". Following decimalisation on 15 February 1971 the coin had a value of five new pence. It was made from silver from its introduction in or around 1503 until 1946, and thereafter in cupronickel.
Ten pence may refer to: