Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. The value of the pound itself was unchanged by decimalisation. The new coins were initially marked with the words NEW PENNY or NEW PENCE. The word "new" was dropped in 1982. The first decimal coins were circulated in 1968.
Prior to decimalisation the pound was divided into 20 shillings, each of 12 (old) pence; thus, there were 240 (old) pence to the pound.
In England, the first non-hammered coins were produced in the reign of Queen Elizabeth I in the 1560s, but while machine-produced coins were experimentally produced at intervals over the next century, the production of hammered coins did not finally end until 1662.
British hammered coins were first produced in 600AD and stayed in production until 1662 when the milling process dramatically improved quality and security levels. Most coin denominations looked the same, and usually featured a profile of the ruling monarch, a coat of arms, a rose and a cross.
Gold coins, proofs and patterns were intentionally excluded from this lis.
The grade is used to determine the a more exact value of a British coin.
This tool calculates British coins precious metal values.
Converts British old money into decimal currency.
