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The British twopence (2d) (/ ˈ t ʌ p ə n s / or / ˈ t uː p ə n s /) coin was a denomination of sterling coinage worth two pennies or 1 / 120 of a pound.It was a short-lived denomination in copper, being minted only in 1797 by Matthew Boulton's Soho Mint.
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 ]
25 pence: Queen Elizabeth II: No standard reverse design 38.61 mm 2.89 mm 28.28 g Cupronickel or silver Milled, with variable inscription 1972 5 pounds: 1990 20 pounds: 27.0 mm Unknown 15.71 g Silver Milled 2013 50 pounds: Britannia: 34.0 mm 31 g 2015 100 pounds: Elizabeth Tower 'Big Ben' 40.0 mm 62.86 g
Each new penny was worth 2.4 old pence ("d."). A coin of half a new penny, a halfpenny, was introduced to maintain the approximate granularity of the old penny, but was dropped in 1984 as inflation reduced its value. An old value of 7 pounds, 10 shillings, and sixpence, abbreviated £7-10-6 or £7:10s:6d. became £7.52 1 / 2 p. Amounts ...
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2/14/5
The old pennies quickly went out of use after Decimal Day, 15 February 1971—there was no exact decimal equivalent of them, and the slogan "use your old pennies in sixpenny lots" explained that pennies and "threepenny bits" were only accepted in shops if their total value was six old pence (exactly 2 + 1 ⁄ 2 new pence). The old penny was ...
In 1971, a new penny would have been worth 9.6 farthings (making a farthing slightly more than 0.1 new pence). Similarly, the old halfpenny and the half-crown were not converted [clarification needed] in the UK either, [citation needed] having been withdrawn in the run-up to decimalisation, although the half-crown was worth exactly 12 1/2 new ...
Crowns, £5 coins and (until 1996) £2 coins are non-circulating, although they are still legal tender. These denominations are only used for commemoratives. During the decimal era, crowns were converted to twenty-five pence. 50p and £2 coins made after 1996 circulate normally and can be found in change. Usually about 5 million of each of ...