Penny Lilac Penny Lilac The Penny Lilac was the basic penny postage stamp of Great Britain from its first issue on 12 July 1881 and was used until 1901. It superseded the short lived Penny Venetian Red because the Customs and Inland Revenue Act of 1881 necessitated new stamps that were also valid as revenue stamps, and so the Penny Lilac was issued in that year, inscribed "POSTAGE AND INLAND REVENUE". All previous stamps had been inscribed merely "POSTAGE". This stamp remained the standard letter stamp for the remainder of Queen Victoria's reign, and very large quantities were printed. The oval design
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