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The one penny coin is currently the lowest circulating denomination of the British (decimal) Pound Sterling, after the half penny was demonetised in 1984. It 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. Bronze was replaced for new coins with copper-plated steel in 1992. In 2008, a new design was introduced. The original coins are still current though, and circulate in parallel with the new ones. Coins issued in 1976 have now been circulating for 48 years. 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. | ||||||||||||
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Variety | Proof | |
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Mintage | Issued: 100,000 (included in total) | |
In Set |
The Coinage of Great Britain & Northern Ireland 1976, mintage 100,000
6 coins: Fifty New Pence, Ten New Pence, Five New Pence, Two New Pence, One New Penny, Half New Penny |
Source | Edition | About | Link | Notes |
---|---|---|---|---|
Royal Mint | 28th March 2019 | Mint | link | |
Royal Mint | 28th March 2019 | Mintage | link | Circulation mintage |
Spink, Coins of England and the United Kingdom | Mintage | Proof mintage | ||
Spink, Coins of England and the United Kingdom | Varieties | Proof FDC |
London Mint Office coins. |
Country | United Kingdom |
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Currency | Pound Sterling |
Coin Type | One Penny (Ironside design, Bronze) |
Issued | 1976 |
Monarch | Queen Elizabeth II |
Effigy | Queen Elizabeth II - Second Portrait, by Arnold Machin |
Face Value | 1 (x Penny) |
Circulation Mintage | 300,160,000 (300.2 million) |
Total Mintage | 300,260,000 (300.3 million), Rarity: C (Common) |
Current | Yes |
Material | Bronze |
Designer | Christopher Ironside |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Medal Alignment (Axis 0) |
Size | 20.3200 mm |
Thickness | 1.5200 mm |
Mass | 3.5640 g |
OCC ID | NRWK-ZOJN-CWGK-OXGL |
Buy gold and silver bullion online! |
Source | Reference ID |
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Spink, Coins of England and the United Kingdom | B1 (was 4237) |
Krause, Standard Catalog of World Coins | Great Britain KM# 915 |