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The British decimal twenty pence coin (often shortened to 20p in writing and speech) is a denomination of sterling coinage worth 1 ⁄ 5 of a pound. Like the 50p coin, it is an equilateral curve heptagon. [1] Its obverse has featured the profile of the British monarch since the coin's introduction on 9 June 1982. [1]
The coin was reduced in size in 1992. Twenty pence: 20p Introduced in 1982. Twenty-five pence: 25p A commemorative coin issued between 1972 and 1981 as a post-decimal continuation of the old crown. From 1990 it was replaced in the commemorative role by the £5 coin. Fifty pence: 50p
The twenty pence (20p) coin was introduced in 1982 to fill the gap between the 10p and 50p coins. The pound coin (£1) was introduced in 1983 to replace the Bank of England £1 banknote which was discontinued in 1984 (although the Scottish banks continued producing them for some time afterwards; the last of them, the Royal Bank of Scotland £1 ...
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During the decimal era, crowns were converted to twenty-five pence. 50p and £2 coins made after 1996 circulate normally and can be found in change. Usually about 5 million of each of these are the commemorative issue, the rest being of the standard design. Since 1982 all of these have also been produced as sterling silver and 22 carat gold proofs.
The coin was provided to relieve the expense of creating the lower value coins and also to assist the public and traders alike by creating higher value coin which could assist in the removal of some five and ten pence coins. In 1982 the Minister for Finance, Ray MacSharry, announced that a twenty or twenty-five pence coin might be introduced. [1]