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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 ]
Value Notes Half penny 1 / 2 p Sometimes written "ha'penny" (pronounced / ˈ h eɪ p n i / HAYP-nee), but normally called a "half-pee"; demonetised and withdrawn from circulation in December 1984. One penny: 1p Two pence: 2p Five pence: 5p A direct replacement for the shilling. The coin was reduced in size in 1990. Six pence: 6p
Face value Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse $1: 1984 Summer Olympics dollar [2] The Discobolus of Myron: Head of an eagle Ag 90%, Cu 10% Authorized: 50,000,000 (max 1983–1984 total) Uncirculated: 294,543 P 174,014 D 174,014 S Proof: 1,577,025 S 1983 – 1984
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]
The penny is the lowest value coin (in real terms) ever to circulate in the United Kingdom. The penny was originally minted from bronze, but since 1992 has been minted in copper-plated steel due to increasing copper prices. There are an estimated 10.5 billion 1p coins in circulation as of 2016, with a total face value of around £105,000,000.
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .
A ten-dollar gold coin (a.k.a. Eagle) was released in 1984.This coin features male and female Olympic torch runners.Of the 2,000,000 coins authorized by Public Law 97-220, a total of 497,478 proof coins were minted at the four mints (a majority at the West Point Mint), and a further 75,886 uncirculated coins were minted at West Point.
The British decimal fifty pence coin (often shortened to 50p in writing and speech) is a denomination of sterling coinage worth 1 ⁄ 2 of one pound.Its obverse has featured the profile of the current Monarch since the coin's introduction in 1969.