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The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth 1 ⁄ 100 of one pound. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised , until her death on 8 September 2022 .
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.
The Flemish groat approximately matched the English penny c 1420-1480 and was divided into 24 mites. The latter was thus extended to mean 1 / 24 penny or 1 / 6 farthing even if not minted in Tudor England. [2] [3] Quarter farthing 1 / 16 d: £0.00026: 1839–1868. [coins 1] Third farthing 1 / 12 d: £0.0003472 ...
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The weight of the English penny was fixed at 22 + 1 ⁄ 2 troy grains (about 1.46 grams) by Offa of Mercia, an 8th-century contemporary of Charlemagne; 240 pennies weighed 5,400 grains or a tower pound (different from the troy pound of 5,760 grains). The silver penny was the only coin minted for 500 years, from c. 780 to 1280.
English Copper, Tin and Bronze Coins in the British Museum 1558–1958. Trustees of the British Museum. OCLC 906173180. Seaby, Peter (1985). The Story of British Coinage. B. A. Seaby Ltd. ISBN 978-0-900652-74-5. Spink & Son Ltd (2022). Howard, Emma (ed.). Coins of England and the United Kingdom, Decimal Issues 2023 (9th ed.).
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The penny is inscribed GEORGIUS IV DEI GRATIA [g] and the date, while the reverse shows a right-facing seated Britannia with a shield and trident, inscribed BRITANNIAR REX FID DEF. [h] The penny at this time weighed 18.8 grams and had a diameter of 34 millimetres, the same as Boulton's 1806–1807 pennies. [18]