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45 Years Of Decimal Coins

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NumisRob's Avatar
United Kingdom
17980 Posts
 Posted 02/15/2016  02:43 am Show Profile   Check NumisRob's eBay Listings Bookmark this topic Add NumisRob to your friends list Get a Link to this Message Number of Subscribers
Happy 45th birthday to Decimal Currency in the UK!


The oldest coins in normal circulation in the UK are now 45 years old!

45-Years-Of-Decimal-Coins
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/15/2016  06:03 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Australia, on Valentines Day, 14th February 1966, officially converted to decimal currency. The paper curency also had to change. Australia changed from Pounds to Dollars.

The 50th Anniversary was yesterday.

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I was living in the U.K. (April 1970 to December 1971), when the conversion to decimal currency took place in that Country.

There were coins dated 1971 circulating in 1968, that were of the same module, that circulated alongside the old currency. This strategy was employed to get the Public used to the new designs.

The new denominations that circulated alongside the old ones were the 5P and the 10P. The old Penny, Threepence Sixpence and Halfcrown were quickly withdrawn after 14th February 1971.
The new 1/2 P, 1 P, and 50P were quickly introduced.
The 20 P was introduced many years later.

There was no need to change the circulating paper currency in the U.K., at the time of the conversion to decimal, and remained on the Pound, and have done so to this day.
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NumisRob's Avatar
United Kingdom
17980 Posts
 Posted 02/15/2016  12:18 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Sel - happy 50th anniversary to Australia!

The British half, one and two pence coins were actually struck from 1968 and were available in plastic wallets from banks for a small premium over face value - with 1968-dated 5p and 10p coins. 1971-dated coins did not actually become legal tender until February 15, 1971. The 50p was introduced on October 14, 1969 to replace the ten-shilling note.

I remember how clean and shiny all the bronze coinage looked for a while, and also how surprisingly quickly the old penny and threepenny bit disappeared. Even the sixpence, which was reprieved owing to its extensive use in slot machines, became scarce after a few months, and after 1972 it was quite an event to get one in change - although they were not actually demonetised until 1980!

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