here it goes. Not too strange like the other ones but I was wondering why the "penny" was larger than the typical pennys and why it's still not the same size. Any other info would be great too Thanks.
nothing looks odd about that.Thats the penny in circulation now, all british coins have gotten smaller over the years as there value has decreased due to normal inflation,There is actually a call to disband anything under 5 pence now which couple more years can see that happening
There is nothing "normal" about inflation, unless you are making a broader statement about the result of mixing Power and Market. The pounds-shilling-pence system demonstrates what happens when political power extends to the money. What was a "shilling"? It was 1/12 of a pound. What was a pound, but 12 Troy ounces of silver. You would be hard pressed to find a shilling of 27 grams. It cost a lot of money to pay for the daydreams of the kings of England that they were also the kings of France. If you look at the relative values of gold and silver about 1800, the "pound" was about three ounces sterling. Of course, in our time, we see the dollar going through the same process. So, perhaps you are right, inflation is "normal." Michael
I'm going to take a WAG that by "typical pennys" you mean United States cents. Repeat after me: There is no such thing as a United States penny. The U.S. mints produce "cents", the British Royal Mint produces "pennys". As to relative sizes, U.S. cents have had a 19mm diameter since 1856, but from 1793 to 1856 they were 26-28mm across. English bronze pennies, on the other hand, were 30-31mm for many years, before decimalization. Silver pennies, only 1mm wide, have been minted both before and after the 1971 conversion from pence/shillings/pounds to new pence/pounds. (The "new" was dropped in 1982, once Brits had become accustomed to a 100 pence pound.) Your 1988 bronze KM#935 is the size adopted in 1971 and was one of 793,617 minted that year (including proofs). Tough as it is to grade from a picture, particularly dark bronze, yours probably is no better than VF, worth face value (about 1.8¢). They have nominal catalog values of 15¢ and 25¢ in XF and Unc.
