1 Penny (1p)

One Penny

United Kingdom · 1992

The obverse features the third portrait of Queen Elizabeth II wearing the George IV State Diadem, facing right. The inscription reads: ELIZABETH II D·G·REG·F·D·1992. The coin has a smooth edge and a bronze/copper appearance.

Country: United Kingdom
Year: 1992
Denomination: 1 Penny (1p)
Metal: Copper-plated steel

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Identified March 23, 2026More united kingdom coins →

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Overview

Historical significance

1992 was the first year that the UK one penny coin was transitioned from a bronze alloy to copper-plated steel due to the rising costs of metal. The design features the 'Third Portrait' of the Queen by Raphael Maklouf, which was used on British coinage from 1985 to 1997.

Estimated value

Face value (£0.01 / $0.013 USD), though uncirculated specimens may be worth slightly more to collectors.

Care & preservation

To preserve the copper plating, avoid cleaning with chemicals or abrasives. Store in a cool, dry place within a PVC-free coin holder to prevent oxidation and 'zinc rot' which can occur if the steel core is exposed.