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The penny is the lowest value coin (in real terms) ever to circulate in the United Kingdom. [3] 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.
Coin Pre-decimalisation value Post-decimalisation value [1] Dates of use Notes Mite 1 / 24 d £0.0001736 15th century 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 ...
English Copper, Tin and Bronze Coins in the British Museum 1558–1958. London: Trustees of the British Museum. OCLC 906173180. Rodgers, Kerry (December 2016). "Fiji's World War II Emergency Reserve Bank of New Zealand Overprints". Coin News: 75– 79. Seaby, Peter (1985). The Story of British Coinage. London: B. A. Seaby Ltd. ISBN 978-0-900652 ...
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.
Standard Catalogue of British Coins: Vol. I. England and United Kingdom, over 60 years from 1st edition (Seaby, 1962) to 59th / 10th (pre-decimal / decimal, Spink, 2024). Edited by Peter Seaby, the Standard Catalogue of British Coins was published from 1962 onwards in two parts, I. England and United Kingdom and II.
But keep in mind that a lot of factors determine a penny’s value. First of all, coins that are rare and were minted in smaller quantities may be worth more money decades — or centuries — later.
Examples of the standard reverse designs minted until 2008. Designed by Christopher Ironside (£2 coin is not shown).. The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling (symbol "£", commercial GBP), and ranges in value from one penny sterling to two pounds.
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