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The British decimal two pence coin (often shortened to 2p in writing and speech) is a denomination of sterling coinage equalling 2 ⁄ 100 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 . [ 1 ]
1p Two pence: 2p Five pence: 5p A direct replacement for the shilling. The coin was reduced in size in 1990. Six pence: 6p Minted uniquely in 2016 as a commemorative coin. [7] Ten pence: 10p A replacement for the florin (two shillings). The coin was reduced in size in 1992. Twenty pence: 20p Introduced in 1982. Twenty-five pence
The designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form much of the whole shield when placed together. The entire shield was featured on the now-obsolete round £1 coin. [31] The 1p coin depicts the left section between the first and third quarter of the shield, representing England and Northern ...
In 1992 the composition of the 1p and 2p coins was changed from bronze to copper-plated steel. Due to their high copper content (97%), the intrinsic value of pre-1992 1p and 2p coins increased with the surge in metal prices of the mid-2000s, until by 2006 the coins would, if melted down, have been worth about 50% more than their face value. [16]
1992: 1p and 2p coins began to be minted in copper-plated steel (the original bronze coins continued in circulation). 1997: A new 50p coin was introduced, replacing the original size that had been in use since 1969, and the first generation 50p coins were withdrawn from circulation. 1998: The bi-metallic £2 coin was introduced.
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 £1 coin. The coin's obverse remained unchanged.
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The British pre-decimal penny was a denomination of sterling coinage worth 1 ⁄ 240 of one pound or 1 ⁄ 12 of one shilling.Its symbol was d, from the Roman denarius.It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling.
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