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D Day delivers new UK currency (BBC News, On this Day, 15 February 1971) Britain to go decimal in 1971 ( BBC News , On this Day, 1 March 1966) Decimalisation ( Royal Mint )
11 February – The UK – along with the USA, the USSR and others – signed the Seabed Treaty, outlawing nuclear weapons on the ocean floor. 15 February Decimalisation: Decimal Day: the UK and the Republic of Ireland both switched to decimal currency. [6]
Up until then, the pound had consisted of 20 shillings each of 12 pennies; this change formally taking place on 15 February 1971 (a day known as Decimal Day). All decimal coins subsequently issued by the Royal Mint included the text "NEW PENCE" on the reverse (or "NEW PENNY" in the case of the 1 ⁄ 2 p and 1p coins), [2] a term that was in ...
The remaining decimal coins – at the time, the half penny (1 ⁄ 2 p), penny (1p) and two pence (2p) — were issued in 1971 at decimalisation. A quarter-penny coin, to be struck in aluminium, was proposed at the time decimalisation was being planned, but was never minted.
The British decimal halfpenny (1 ⁄ 2 p) coin was a denomination of sterling coinage introduced in February 1971, at the time of decimalisation, and was worth 1 ⁄ 200 of one pound. It was ignored in banking transactions, which were carried out in units of 1p.
Decimal Day was set as 15 February 1971, and a whole range of new coins were introduced. Sixpences continued to be legal tender , with a value of 2 + 1 ⁄ 2 new pence, until 30 June 1980. [ 12 ]
The old pennies quickly went out of use after Decimal Day, 15 February 1971—there was no exact decimal equivalent of them, and the slogan "use your old pennies in sixpenny lots" explained that pennies and "threepenny bits" were only accepted in shops if their total value was six old pence (exactly 2 + 1 ⁄ 2 new pence). The old penny was ...
The UK abandoned the old penny on Decimal Day, 15 February 1971, when one pound sterling became divided into 100 new pence. This was a change from the system used in the earlier wave of decimalisations in Australia, New Zealand , Rhodesia and South Africa , in which the pound was replaced with a new major currency called either the "dollar" or ...
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