Decimal currency was officially introduced in Britain on "Decimal Day" the 15th of February, 1971, with the Half New Penny, 1 New Penny and 2 New Pence coins being issued. The 5 and 10 New Pence coins had been introduced much earlier in April, 1968, and the 50 New Pence coins were introduced in October, 1969. The new currency consisting of 100 Pence to the Pound replaced the old currency of Pounds, Shillings and Pence. 12 Pence to the Shilling, and 20 Shillings to the Pound.
The British Shilling converted to 5 New Pence at decimalisation. The Australian and New Zealand Shillings, amongst many others, converted to 10 cents at decimalisation.
There were 12 Pence to the Shilling and 20 Shillings to the Pound.
Two Such as the UK two pence decimal coin
12 pence =1 shilling 240 pence = 1 pound 20 shillings = 1 pound
Pence is the plural of Penny, so you have One Penny or, Two Pence, Five Pence, Fifty Pence, etc. From the introduction of British decimal coins in 1968, the new currency was designated as "New", ie. 1 New Penny, 2 New Pence, etc. until 1981. From 1982 onwards, the "New" was dropped.
2 pence
360 "old" pence was equivalent to £1/10/-, or One Pound, Ten Shillings. At decimalisation, One Pound became 100 "New" Pence and Ten Shillings became 50 "New" Pence. 360 "old" Pence converted to 150 "New" Pence or £1.50 in decimal currency.
British Sterling: 126 in new pence is £1.26p (one pound and 26p (pronounced as pee not pence)).
Prior to the full implementation of British decimal currency in 1971, general circulation coins were as follows - Halfpenny - equivalent to 0.208 New Pence Penny - equivalent to 0.416 New Pence Threepence - equivalent to 1.25 New Pence Sixpence - equivalent to 2.5 New Pence Shilling - converted to 5 New Pence in 1968 Florin (Two Shillings) - converted to 10 New Pence in 1968 Halfcrown - equivalent to 12.5 New Pence Crown (Five Shillings) - equivalent to 25 New Pence The 50 New Pence coin was introduced in 1969 replacing the Ten Shilling note.
British general circulation decimal coins, years of first issue - Half New Penny - 1971 Half Penny - 1982 1 New Penny - 1971 1 Penny - 1982 2 New Pence - 1971 2 Pence - 1982 5 New Pence - 1968 5 New Pence - 1982 10 New Pence - 1968 10 Pence - 1982 20 Pence - 1982 25 Pence (Crown) - 1972 50 New Pence - 1969 50 Pence - 1982 1 Pound - 1983 2 Pound - 1986 5 Pound (Crown) - 1990
At Britains conversion to decimal currency, the new coinage was referred to as "New Pence" to distinguish it from the old currency. The new coins included 1/2, 1, 2, 5, 10, 25 and 50 New Pence. From 1982 onwards, the word 'New" was dropped.
Immediately prior to Britains conversion to decimal currency in 1971, predecimal coins in circulation included the - Crown (Five Shillings) - equivalent to 25 New Pence Halfcrown (Two Shillings and Sixpence) - equivalent to 12.5 New Pence Florin (Two Shillings) - equivalent to 10 New Pence Shilling - equivalent to 5 New Pence Sixpence - equivalent to 2.5 New Pence Threepence - equivalent to 1.25 New Pence Penny - equivalent to 0.416 New Pence Halfpenny - equivalent to 0.208 New Pence The further back in time you go, the greater the variety of coins that were used.
At Britains conversion to decimal currency in 1971, the Threepence had no equivalent coin but was equal to 1.25 New Pence.
The 10 New Pence coin was not minted until 1968.
The first British 50 New Pence coin was issued in 1969.
The 10 New Pence coin was not introduced until 1968.