Penny Venetian Red of "POSTAGE" and "ONE PENNY" that its predecessors bore. It was decided that a new colour would also be desirable to defend against improper re-use; a fugitive lilac ink was used that would run and spoil the stamp if one attempted to wash off the cancellation. The Lilacs broke the tradition of using corner letters and instead had either fourteen or sixteen dots in each corner. 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.
Penny (English coin) Penny (English coin) The English penny (plural "pence"), originally a coin of pure silver, was introduced around the year 785 by King Offa of Mercia. These coins were similar in size and weight to the continental "deniers" of the period and to the Anglo-Saxon sceats which had preceded it. Throughout the period of the Kingdom of England, from its beginnings in the 9th century, the penny was produced in silver. Pennies of the same nominal value, one 240th of a pound sterling, were in circulation continuously until the creation of the Kingdom of Great Britain in 1707. The name "penny"