new pence

coin

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Last updated

July 1, 2026

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The term "new pence" refers to the decimal subdivision of the pound sterling, the currency of Great Britain. Since February 15, 1971, the pound has been divided into 100 new pence, with the symbol p representing the new penny. This decimalization replaced the older system of pounds, shillings, and pence. The pound sterling itself has a long history, with its name originating from silver coins called "sterlings" issued in Saxon kingdoms.12

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coin
Modern coinage
With 100 “new pence” to the pound, the decimal coinage was based on denominations of these new pence (1/2 [since demonetized], one, two, five, 10, 50); the sixpence coin continued briefly as a 2 1/2-pence coin before being phased out, as were the…
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With 100 “new pence” to the pound, the decimal coinage was based on denominations of these new pence (1/2 [since demonetized], one, two, five, 10, 50); the sixpence coin continued briefly as a 2 1/2-pence coin before being phased out, as were the…
Read More