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<p>[QUOTE="lordmarcovan, post: 11330046, member: 10461"]It is <i>now</i>, since the UK went to a decimal system in 1970, but before that, as [USER=29458]@daveydempsey[/USER] mentioned, they were on the old non-decimal Sterling standard of pounds, shillings, and pence. The predecimal penny was not 1/100 of a pound as the modern UK “penny” is today.</p><p><br /></p><p>The modern decimal British penny (1/100 of a pound) is essentially a <i>cent</i> now, though I expect the old “penny” name still hangs on, just as it always has here in the US, with our cents.</p><p><br /></p><p>[USER=29458]@daveydempsey[/USER] - do they even still make penny coins, outside of mint and proof sets and Maundy sets? I know the halfpenny is a thing of the past. I don’t recall seeing any pennies when I was in Essex in 2013.[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 11330046, member: 10461"]It is [I]now[/I], since the UK went to a decimal system in 1970, but before that, as [USER=29458]@daveydempsey[/USER] mentioned, they were on the old non-decimal Sterling standard of pounds, shillings, and pence. The predecimal penny was not 1/100 of a pound as the modern UK “penny” is today. The modern decimal British penny (1/100 of a pound) is essentially a [I]cent[/I] now, though I expect the old “penny” name still hangs on, just as it always has here in the US, with our cents. [USER=29458]@daveydempsey[/USER] - do they even still make penny coins, outside of mint and proof sets and Maundy sets? I know the halfpenny is a thing of the past. I don’t recall seeing any pennies when I was in Essex in 2013.[/QUOTE]
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