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British Half Penny Coin
The British decimal halfpenny (p) coin was a denomination of sterling coinage introduced in February 1971, at the time of decimalisation, and was worth of one pound. It was ignored in banking transactions, which were carried out in units of 1p. The decimal halfpenny had the same value as 1.2 pre-decimal pence, and was introduced to enable the prices of some low-value items to be more accurately translated to the new decimal currency. The possibility of setting prices including an odd half penny also made it more practical to retain the pre-decimal sixpence in circulation (with a value of new pence) alongside the new decimal coinage. The halfpenny coin's obverse featured the profile of Queen Elizabeth II; the reverse featured an image of St Edward's Crown. It was minted in bronze (like the 1p and 2p coins). It was the smallest decimal coin in both size and value, the size being in proportion to 1p and 2p coins. The halfpenny soon became Britain's least favourite coin. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bronze
Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminium, manganese, nickel, or zinc) and sometimes non-metals (such as phosphorus) or metalloids (such as arsenic or silicon). These additions produce a range of alloys some of which are harder than copper alone or have other useful properties, such as strength, ductility, or machinability. The archaeological period during which bronze was the hardest metal in widespread use is known as the Bronze Age. The beginning of the Bronze Age in western Eurasia is conventionally dated to the mid-4th millennium BCE (~3500 BCE), and to the early 2nd millennium BCE in China; elsewhere it gradually spread across regions. The Bronze Age was followed by the Iron Age, which started about 1300 BCE and reaching most of Eurasia by about 500 BCE, although bronze continued to be much more widely used than it is in modern times. Because historica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Introduced In 1971
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1971 Establishments In The United Kingdom
* The year 1971 had three partial solar eclipses (Solar eclipse of February 25, 1971, February 25, Solar eclipse of July 22, 1971, July 22 and Solar eclipse of August 20, 1971, August 20) and two total lunar eclipses (February 1971 lunar eclipse, February 10, and August 1971 lunar eclipse, August 6). The world population increased by 2.1% this year, the highest increase in history. Events January * January 2 – 1971 Ibrox disaster: During a crush, 66 people are killed and over 200 injured in Glasgow, Scotland. * January 5 – The first ever One Day International cricket match is played between Australia and England at the Melbourne Cricket Ground. * January 8 – Tupamaros kidnap Geoffrey Jackson, British ambassador to Uruguay, in Montevideo, keeping him captive until September. * January 9 – Uruguayan president Jorge Pacheco Areco demands emergency powers for 90 days due to kidnappings, and receives them the next day. * January 12 – The landmark United States televis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Halfpenny (Irish Decimal Coin)
The decimal halfpenny (p) () coin was the smallest denomination of the Irish pound. It was first issued when the Irish currency was decimalised on Decimal Day, 15 February 1971. It was one of three new designs introduced all in bronze and featuring ornamental birds on the reverse. The coin value was weakened by inflation and very few were produced beyond the initial run for 1971. It was removed from circulation and demonetised on 1 January 1987. Overview The main reason that halfpennies were issued was that when shillings were decimalised they were worth five new pence, so a sixpence (half of a shilling) yielded a value of new pence. Its dimensions and appearance were the same as the British coin of the same denomination as the pounds of Britain and Ireland were pegged until 1979. The coin was designed by the Irish artist Gabriel Hayes and the design is adapted from the manuscript Cologne Collectio Canonum (Cologne, Dombibliothek Cod. 213) in Cologne. The coin has a diamete ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Threepence (British Coin)
The British threepence piece, usually simply known as a threepence, ''thruppence'', or ''thruppenny bit'', was a denomination of sterling coinage worth of one pound or of one shilling. It was used in the United Kingdom, and earlier in Great Britain and England. Similar denominations were later used throughout the British Empire and Commonwealth countries, notably in Australia, New Zealand and South Africa. The sum of three pence was pronounced variously , or , reflecting different pronunciations in the various regions of the United Kingdom. The coin was often referred to in conversation as a , or bit. Before Decimal Day in 1971, sterling used the Carolingian monetary system, under which the largest unit was a pound divided into 20 shillings, each of 12 pence. The brass threepence coin was withdrawn in 1971 due to decimalisation and replaced by the decimal new penny, with 2.4''d'' being worth 1p. Early threepences The three-pence (3d) coin first appeared in Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium
Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has a great affinity towards oxygen, passivation (chemistry), forming a protective layer of aluminium oxide, oxide on the surface when exposed to air. It visually resembles silver, both in its color and in its great ability to reflect light. It is soft, magnetism, nonmagnetic, and ductility, ductile. It has one stable isotope, 27Al, which is highly abundant, making aluminium the abundance of the chemical elements, 12th-most abundant element in the universe. The radioactive decay, radioactivity of aluminium-26, 26Al leads to it being used in radiometric dating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Girls Of Great Britain And Ireland Tiara
Elizabeth II owned a historic collection of jewels – some as monarch and others as a private individual. They are separate from the gems and jewels of the Royal Collection, and from the coronation and state regalia that make up the Crown Jewels. The origin of a distinct royal jewel collection is vague, though it is believed the jewels have their origin somewhere in the 16th century. Many of the pieces are from overseas and were brought to the United Kingdom as a result of civil war, coups and revolutions, or acquired as gifts to the monarch. Most of the jewellery dates from the 19th and 20th centuries. The Crown Jewels are worn only at coronations ( St Edward's Crown being used to crown the monarch) and the annual State Opening of Parliament (the Imperial State Crown). At other formal occasions, such as banquets, Elizabeth II wore the jewellery in her collection. She owned more than 300 items of jewellery, including 98 brooches, 46 necklaces, 37 bracelets, 3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth II
Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. She had been queen regnant of List of sovereign states headed by Elizabeth II, 32 sovereign states during her lifetime and was the monarch of 15 realms at her death. Her reign of 70 years and 214 days is the List of monarchs in Britain by length of reign, longest of any British monarch, the List of longest-reigning monarchs, second-longest of any sovereign state, and the List of female monarchs, longest of any queen regnant in history. Elizabeth was born in Mayfair, London, during the reign of her paternal grandfather, King George V. She was the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon Abdication of Edward VIII, the abdic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Coinage
The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling ( symbol "£", commercial GBP), and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 pence (shown on coins as "new pence" until 1981). Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound. British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the coins' designs; however they also have to be accepted by the reigning monarch. In addition to the circulating coinage, the UK also mints commemorative decimal coins ( crowns) in the denomination of five pounds, ceremonial Maundy money in denominations of 1, 2, 3 and 4 pence in sterling (.925) silver and bullion coinage of gold sovereigns, half sovereigns, and gold and silver Britannia coins are also produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Withdrawal Of Low-denomination Coins
The withdrawal of a country's lowest-denomination coins from circulation (usually a one- cent coin or equivalent) may either be through a decision to remove the coins from circulation, or simply through ceasing minting. Reasons This withdrawal may be due to the high cost of production, since the coin may be worth less than its cost of production. For example, when Canada phased out its penny in 2012, its production cost was 1.6 cents per penny. Other reasons include low purchasing power and low utility. Often coins are withdrawn after their purchasing power has been eroded after decades of inflation. In Switzerland, the 1 Rappen coin had fallen into disuse by the early 1980s, but was still produced until 2006, albeit in ever decreasing quantities. Conversely, the British Treasury department initially argued for the retention of the ''decimal'' halfpenny, on the grounds that its withdrawal would drive up inflation. In some countries, such as New Zealand, withdrawn coins are decl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
