One Penny (Ironside design, Steel), Coin Type from United Kingdom - detailed information

One Penny (Ironside design, Steel), Coin Type from United Kingdom (issued 1992 - 2008)
Coin TypeOne Penny (Ironside design, Steel)

The United Kingdom 1p coin was one of three new coins introduced into general circulation on the 15 February 1971 when the United Kingdom adopted a new decimal currency system. The other two new coins were the 1/2p and 2p coins (5p, 10p and 50p had been introduced earlier).

To avoid confusion between the old and new coinage all three coins initially had the word "NEW" incorporated into the reverse design; this was later removed.

The one penny coin is currently the lowest circulating denomination of the British (decimal) Pound Sterling, after the half penny was demonetised in 1984.

The first copper-plated steel 1p coins were struck in 1992, replacing the earlier bronze 1p. The reason for this change was the increase in the price of metals on the world markets. The coins have a mild steel core and are electroplated with copper - consequently they are magnetic. They retained the original design by Christopher Ironside until the introduction of the new 1p by Matthew Dent in 2008.

Coins of this type are still current and circulate in parallel with the new ones. One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt.

Obverse
United Kingdom / One Penny (Ironside design, Steel) - obverse photo

Effigy of the ruling British monarch, legend (in Latin), date.

The steel version of the one penny coin featuring the original design by Christopher Ironside was only issued during the reign of Queen Elizabeth II and carried two of her effigies: her Third Portrait by Raphael Maklouf (1992 - 1997), and her Fourth Portrait by Ian Rank-Broadley (1998 - 2008).

Obverse Inscription ELIZABETH · II D · G · REG · F · D · [year]
Reverse
United Kingdom / One Penny (Ironside design, Steel) - reverse photo

Within a beaded circle, a crowned portcullis with chains (an adaptation of the Badge of Henry VII and now the Badge of the Palace of Westminster); around above, the denomination ONE PENNY; below, the value as a numeral: 1.

Reverse Inscription 1 ONE PENNY
EdgePlainEdge InscriptionNone
Coin Type: One Penny (Ironside design, Steel) - (17) Coins
Coin NameMintageEffigyLegend
One Penny 1992 254,007,747 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1992
One Penny 1993 602,713,025 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1993
One Penny 1994 844,078,692 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1994
One Penny 1995 303,480,286 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1995
One Penny 1996 723,994,142 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1996
One Penny 1997 397,064,305 Queen Elizabeth II - Third Portrait ELIZABETH II D · G · REG · F · D · 1997
One Penny 1998 739,929,862 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 1998
One Penny 1999 891,608,840 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 1999
One Penny 2000 1,060,610,219 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2000
One Penny 2001 928,805,113 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2001
One Penny 2002 601,567,309 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2002
One Penny 2003 539,592,512 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2003
One Penny 2004 739,883,637 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2004
One Penny 2005 536,440,263 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2005
One Penny 2006 524,742,798 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2006
One Penny 2007 548,132,093 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2007
One Penny 2008 (Ironside design) 180,772,577 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G REG · F · D · 2008
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One Penny (Ironside design, Steel): Details
CountryUnited Kingdom
CurrencyPound Sterling
Sub-type ofOne Penny
From1992
To2008
Face Value1 (x Penny)
CurrentYes
MaterialCopper-plated steel
DesignerChristopher Ironside
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size20.300 mm
Thickness1.650 mm
Mass3.560 g
One Penny (Ironside design, Steel): Photos
ImageDetails
Coin, Great Britain, Elizabeth II, Penny, 1994
Copyright: NumisCorner.com
Source
Coin, Great Britain, Elizabeth II, Penny, 1994
Copyright: NumisCorner.com
Source