Friday, September 12, 2014

1973 British New Penny

Well New at the time. The term new was used from 1971 to 1981 in order to let the British public know that there was a new monetary system in use. 1971 marked the first year used the decimal system that replaced a confusing pre-decimal coinage.

Most countries have changed monetary systems in some way in the late 20th and early 21st centuries. The attitudes of the public were hesitant but accepting. Now in America it would be a protest filled debate that would drag on.

As time moves on coins and currency need updating for many reasons it is just the way of things. Bracing the public by using the term new is a good way. Changing a coin's size or metal is normal but refusing to see that money as real or calling it fiat is just paranoid delusion.

Here's the stats...
Type/Country: 1 New Penny / Great Britain
Year: 1973
Mintage: 280,196,000
Metal: Bronze
Value: $0.10 in VF (very-fine)

Do you have a coin from Great Britain and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.

1 dollars worth, for Comments/Questions click here.:

Unknown said...

I have new pence 1971 and to know is it worth anything