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Q: What British decimal coins have been demonetized?
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Pounds to pennies?

Ever since February 15th 1971, there have been 100 pence to the British pound sterling. Prior to that, the United Kingdom used the pre-decimal system, where there were 240 pence to a pound, there were 12 pence to a shilling, and therefore 20 shillings to a pound and the older currency has since been demonetized and in many cases has high collector value.


What do uncirclulated coins look like?

Uncirculated coins have no wear. They have not been used.


How long has silver been used for coins?

Silver has been used in coinage ever since coinage was made. The earliest coins were made out of an alloy of silver and gold. Silver, along with gold, have been used for coins ever since coinage was made in 700 BC or so.


How many types of coins are there?

Countries all over the world, past and present, have been producing coins for thousands of years. There would be millions of different types of coins.


When was the first quarter coin made?

The first 25¢ coins were minted in 1796 at the Philadelphia Mint. Despite Thomas Jefferson's plans for a fully decimal coinage (multiples of 2, 5, and 10) the 25 cent denomination was chosen instead of 20 cents to simplify making change with the Spanish "milled dollar" coins that had been circulating in the colonies along with British coins. Spanish dollars were divided into halves, quarters, and eighths so it was decided to use a 1/4 dollar coin for compatibility. Spanish milled dollars continued to be legal in the US until 1857 and by that point the quarter was so ingrained in the American coinage system that later attempts to replace it with a 20¢ piece failed miserably. By contrast, most other countries that adopted decimal coinage systems have 20 cent pieces rather than 25 cents.

Related questions

Will the bank accept demonetised British decimal coins?

The following British decimal coins have been demonetised and are no longer legal tender.Pre-1997 50 Pence coinPre-1991 10 Pence coinsPre-1990 5 Pence coinsThe decimal Halfpenny(?)Banks are under no obligation to accept them, but may accept them from customers with an account on the basis of a one for one changeover.If the coin is in mint condition, you might consider selling it to a coin dealer.


How many different British decimal Two Pound coins have been issued?

See the link below.


What are British silver coins now made from?

All British circulating "silver" coins since 1947 have been made from a copper/nickel alloy. No circulating British decimal coin contains any precious metal.


Are there any rare British coins?

British coins have been minted for well over 1,000 years. There are hundreds if not thousands of rare British coins from this period. Other than the odd "error" coin that might turn up from time to time, there are no general circulation decimal coins that could be considered to be especially rare.


What did Elizabeth 1980 coins look like and are they worth anything?

All British Elizabeth II decimal coins look pretty much the same from 1968 to 1982. The larger 5, 10 and 50 Pence coins are no longer in circulation and have been demonetised. They have little or no value. The Half New Penny coins are no longer in circulation and have been demonetised. They have little or no value. Apart from those coins, most British decimal coins are still potentially in circulation so, unless they are part of a Proof or Uncirculated mint set or are individual Proof or Uncirculated coins and in absolute mint condition, they are worth whatever is inscribed on them. See the link below to the Royal Mint for images of British decimal coins.


What was the gold sovereign made for in 1982?

The British decimal Sovereigns are intended as non-circulating coins made for collectors and investors. Decimal Sovereigns have been produced in most years since 1974.


What the value of a 1929 British 25 Pence?

Check again. The British introduced decimal currency on the 15th of February, 1971. Since then, 25 Pence coins have only ever been struck as commemoratives.


Can you spend old British coins?

Most likely no. Most British predecimal coins are no longer legal tender. The predecimal Crown was never demonetised and is still legal tender. The decimal Halfpenny, the larger pre-1990 5 Pence, the larger pre-1991 10 Pence and the larger pre-1997 50 Pence have all been demonetised and are no longer legal tender. The Commemorative 25 Pence and Five Pound (Crown) coins are legal tender, but not intended to be circulated. All other British decimal coins should be all right to spend.


Are 1969 50 pence coins made from silver?

No. The last British general circulation coin to contain any silver was in 1946. All British "silver" coins are made from a copper nickel alloy giving them a silvery appearance. Some Proof coins may be made from sterling silver, but that will be indicated on the packaging they are bought in.


Is the English Penny bronze or brass?

For many years up to and including 1792, the British Penny was silver. From 1797 to 1860 inclusive, the Penny was copper. From 1860 until its last minting in 1967, the Penny was bronze. From 1971 to 1992 inclusive, the decimal (New) Penny was bronze. From 1992 to present, the decimal Penny has been made from copper plated steel. The only British decimal coins with any brass in the alloy are the One and Two Pound coins.


Pounds to pennies?

Ever since February 15th 1971, there have been 100 pence to the British pound sterling. Prior to that, the United Kingdom used the pre-decimal system, where there were 240 pence to a pound, there were 12 pence to a shilling, and therefore 20 shillings to a pound and the older currency has since been demonetized and in many cases has high collector value.


How many British Two Pound coins have been made?

Including the 1986 to 1996 commemorative Two Pound coins, the Royal Mint advises that 377,859,047 British Two Pound coins have been minted up to and including the 2008 issue.