Penny Venetian Red Penny Venetian Red The Penny Venetian Red was a British postage stamp equal to the value of one penny. Issued in 1880, it was designed and surface-printed by security printing company De La Rue. It superseded the Penny Red that had been used in Great Britain since 1841, and was the third one-penny stamp to enter regular usage in the country. The Venetian Red was aesthetically similar to the Penny Red and Penny Black that had come before it, but was instead coloured a venetian red and had a square framing. Close to 1.5 million Venetian Reds were printed during
Penny in 1816), among them being the shilling, six-pence of silver, the penny, half-penny, and quarter-penny in copper, were introduced to the Cape. Later two-shilling, four-penny, and three-penny coins were added to the coinage. The size and denomination of the 1816 British coins, with the exception of the four-penny coins, were used in South Africa until 1960. Handling and counting penny coins entail transaction costs that may be higher than a penny. It has been claimed that, for micropayments, the mental arithmetic costs more than the penny. Changes in the price of metal commodity, combined with the continual debasement of paper