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The coin was provided to relieve the expense of creating the lower value coins and also to assist the public and traders alike by creating higher value coin which could assist in the removal of some five and ten pence coins. In 1982 the Minister for Finance, Ray MacSharry, announced that a twenty or twenty-five pence coin might be introduced. [1]
Irish coins had previously been produced in Great Britain at the Royal Mint. The rising expense of minting coins necessitated the introduction of the twenty pence coin in 1986; the halfpenny coin was withdrawn at this time as inflation had reduced its buying power. The introduction of the Irish pound coin required the Decimal Currency Act, 1990 ...
The shilling (1s) (Irish: scilling) coin was a subdivision of the pre-decimal Irish pound, worth 1 ⁄ 20 of a pound. Worth 12d or half of a Florin . The original minting of the coin from 1928 until 1942 contained 75% silver ; this Irish coin had a higher content than the equivalent British coin .
This relationship made it possible for Irish copper coins to circulate with English silver coins, since thirteen Irish pence had the same value as one English shilling. In 1801, the Kingdom of Ireland became part of the United Kingdom, but the Irish pound continued to circulate until January 1826.
After reducing the size of the five and ten pence coins introduced in the early 1990s, the two pence coin was the fourth largest Irish coin, with only the twenty and fifty pence and the pound coin coins being larger in the series. The two-pence coin was withdrawn when euro coins were introduced on 1 January 2002.
The coin was designed by Tom Ryan who would later design the Irish pound coin. About 5 million of these were produced, with 50 thousand proof coins also being produced. [1] Production of fifty pence coins ceased between 1988 and 1996 because of previous oversupply and because of reduced demand following the introduction of the twenty pence coin.
Introduced in 1990 as a commemorative coin, as a continuation of the old crown, replacing the commemorative role of the twenty-five pence coin. The Valiant: various values: Bullion / collectors' coins issued in 2018 to 2021; 1 troy ounce of silver, with a value of £2, or 10 troy ounces, valued at £10. [8] Twenty pounds: £20
The silver coins wore less well. The subsequent cupronickel coin was 75% copper and 25% nickel. The coin measured 1.275 inches (32.4 mm) in diameter and weighed 14.1 grams. The reverse design of the coin, by Percy Metcalfe featured an Irish Hunter, a breed of horse. This design was used later for the twenty pence coin issued in 1986.