1 Penny

Brief Description

The coin features a crowned portcullis with chains, a symbol derived from the Badge of Henry VII, and inscribed with '1 PENNY' below. While the Queen's effigy is on the obverse, it is not visible in the provided image.

Historical Significance

This coin represents the 'new penny' introduced during decimalisation in the United Kingdom on Decimal Day, 15 February 1971. It replaced the old pre-decimal penny and was a fundamental part of the UK's transition to a decimal currency system, aligning it with many other countries globally. The design remained in use for several decades, signifying a significant era in British monetary history.

Estimated Value

In circulated condition, these coins generally have very little numismatic value beyond their face value, typically ranging from a few cents to under a dollar, depending on the year, mint mark, and condition. Uncirculated or proof examples might fetch slightly higher prices, but they are not considered rare.

Care Instructions

To preserve the coin, handle it by its edges to avoid transferring oils from your skin. Store it in a cool, dry place, ideally in an inert holder like Mylar flips or coin capsules, to protect it from environmental damage, moisture, and scratches. Avoid cleaning the coin, as this can often decrease its value and damage its original surface.

Created At: 2025-09-06T10:53:22.194812