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The first decimal coins – the five pence (5p) and ten pence (10p) — were introduced in 1968 in the run-up to decimalisation in order to familiarise the public with the new system. These initially circulated alongside the pre-decimal coinage and had the same size and value as the existing one shilling and two shilling coins
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A commemorative coin issued between 1972 and 1981 as a post-decimal continuation of the old crown. From 1990 it was replaced in the commemorative role by the £5 coin. Fifty pence: 50p Introduced in 1969, just prior to decimalisation, to replace the ten shilling note ("ten bob note"). It was initially sometimes called a "ten bob bit".
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The monetary reform of Peter the Great in the Russian Empire not only established a strictly decimal monetary system (which was rather uncommon in other states back in those times) but made the display of denomination (the "face value") mandatory on all coins. By the end of the 18th century denomination appeared on most coins in Europe and the ...
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
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