Penny (British decimal coin)

The British decimal one penny (1p) coin is a unit of currency equalling one-hundredth of a pound sterling. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised. Four different portraits of the Queen have been used on the obverse; the latest design by Jody Clark was introduced in 2015. The second and current reverse, designed by Matthew Dent, features a segment of the Royal Shield and was introduced in 2008.[1] The penny is the lowest value coin (in real terms) ever to circulate in the United Kingdom.

One penny
United Kingdom
Value0.01 pound sterling
Mass3.56 g
Diameter20.3 mm
Thickness(Bronze) 1.52 mm
(Steel) 1.65 mm
CompositionBronze (1971–1991)
Copper-plated steel (1992–)
Years of minting1971–present
DesignQueen Elizabeth II
DesignerJody Clark
Design date2015
DesignSegment of the Royal Shield
DesignerMatthew Dent
Design date2008

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.

1p coins are legal tender only for amounts up to the sum of 20p when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions.

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