Florin (British coin) angles. The new florin closely resembles the Gothic crown of 1847; the obverse for both was designed by the Chief Engraver of the Royal Mint, William Wyon, while the reverse of both was designed by William Dyce. Unlike the crown's Gothic script, the 1849 florin has Roman lettering. The 1849 florin, issued in silver, weighed 11.3 grams and had a diameter of 28 millimetres. The new coin made clear its value with the inscription on the reverse. To aid in the decimal experiment, the half crown (two shillings and sixpence, or one-eighth of a pound), near to the florin in
Penny (British decimal coin) mid-2000s caused the value of the copper in the pre-1992 coins (which are 97% copper) to exceed the coins' face value. For example, in May 2006, the intrinsic metal value of a pre-1992 1p coin was about 1.5 pence. During 2008, the value of copper fell dramatically from these peaks. As of 31 March 2016 there were an estimated 11,430 million 1p coins in circulation, with an estimated total face value of £114.299 million. The penny is the lowest value coin in circulation in the United Kingdom. The purchasing power of previous lowest-value coins is: The original reverse of the