Previous to the decimal conversion, Great Britain had a currency system that used penny and pence (abbreviated d), shillings (s), and pounds (£). Pence is the plural of penny when referring to a coin of that denomination. Before decimalization, 12 pence made a shilling, and 20 shillings made a pound. This complicated currency system operated on fractions and had a separate nomenclature for incremental units, as illustrated below. The English word penny is derived from the Old English word penig, which itself comes from the proto-Germanic word panninga. The plural form for multiple penny coins is pennies. For example, if you had 25 coins of the penny denomination, you would say, “I have 25 pennies.” The correct term for monetary amounts of pennies greater than one penny is pence (e.g., one pound and twenty pence). Unlike the United States, usage of the plural term is always pennies. The English penny was first minted in the Anglo-Saxon times and was made out of silver and weighed about 1 1/2 g. Currently, the New Penny is made out of bronze, is 20.32 mm in diameter, and weighs 3.56 g. The two pence coins is equal to two pennies or 1/50 of a pound. It is also made out of bronze, is 25.91 mm in diameter and weighs 7.12 g.
Current Great Britain Coins
Since the decimalization of Great Britain’s coinage system, it also led to fewer denominations of coins being produced. Coupled with the elimination of the paper one pound note at the end of 1984, the following coins are currently produced by The Royal Mint: 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, and 2 pounds. Each coin features a portrait of Queen Elizabeth II on its obverse. A variety of reverse designs have been produced over the years, including some circulating commemoratives issues. In March 2018, new designs were released for the 10-pence coin. One design for each of the 26 letters of the alphabet symbolized something uniquely English. Anne Jessopp, chief executive of the Royal Mint, described the designs as “iconic themes that are quintessentially British.”
