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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). The one penny coin is currently the lowest circulating denomination of the British (decimal) Pound Sterling, after the half penny was demonetised in 1984. Between 1971 and 1991, one penny coins were made of bronze. The first copper-plated steel 1p coins were struck in 1992. 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. Coins issued in 2002 have now been circulating for 22 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 | In mint sets | |
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Mintage | Issued: 60,539 (included in total) | |
In Set |
2002 United Kingdom Brilliant Uncirculated Coin Collection, mintage 60,539
8 coins: £2 Technology, £1 English Lions, 50p, 20p, 10p, 5p, 2p, 1p - variety: 2002 United Kingdom Brilliant Uncirculated Coin Collection - Baby Gift Set, mintage unknown (included in the above set) - variety: United Kingdom 2002 Wedding Coin Collection, mintage unknown (included in the above set) | |
Variety | Proof FDC | |
Mintage | Issued: 60,770 (included in total) | |
In Set |
United Kingdom Proof Collection 2002, mintage 30,884
9 coins: £5 Queen Victoria, £2 Technology, £1 English Lions, 50p, 20p, 10p, 5p, 2p, 1p - variety: 2002 United Kingdom Proof Set (Gift), mintage 1,544 (not included in the above set) - variety: United Kingdom Proof Collection 2002 (Deluxe), mintage 23,342 (not included in the above set) - variety: United Kingdom Proof Collection 2002 (Executive), mintage 5,000 (not included in the above set) | |
Variety | Gold Proof FDC | |
Images | ||
Mintage | Issued: 2,002 | |
Material | 0.9167 Gold | |
In Set |
Golden Jubilee Gold Proof Set 2002, mintage 2,002
13 coins: Maundy Fourpence, Maundy Threepence, Maundy Twopence, Maundy Penny, £5 Queen Victoria, £2 Technology, £1 English Lions, 50p, 20p, 10p, 5p, 2p, 1p |
Source | Edition | About | Link | Notes |
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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 and sets mintage | ||
Spink, Coins of England and the United Kingdom | Varieties | Proofs, mint sets |
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Country | United Kingdom |
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Currency | Pound Sterling |
Coin Type | One Penny (Ironside design, Steel) |
Issued | 2002 |
Monarch | Queen Elizabeth II |
Effigy | Queen Elizabeth II - Fourth Portrait, by Ian Rank-Broadley |
Face Value | 1 (x Penny) |
Circulation Mintage | 601,446,000 (601.4 million) |
Total Mintage | 601,567,309 (601.6 million), Rarity: C (Common) |
Current | Yes |
Material | Copper-plated steel |
Designer | Christopher Ironside |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Medal Alignment (Axis 0) |
Size | 20.3000 mm |
Thickness | 1.6500 mm |
Mass | 3.5600 g |
OCC ID | RDKL-MOMK-CYPA-ONZB |
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Source | Reference ID |
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Spink, Coins of England and the United Kingdom | B5 (was 4710) |
Krause, Standard Catalog of World Coins | Great Britain KM# 986, KM# 986c (Gold Proof) |