Gambian pound these were minted by the Royal Mint in denominations of 1, 3 and 6 pence, 1, 2 and 4 shillings, with 8 shillings added in 1970. All coins had Queen Elizabeth II's portrait on the obverse. The 8 Shillings coin of the Gambia is the only example of this denomination ever minted. With the exception of the Hippopotamus, the reverse designs of the pre-decimal coins were reused on the Gambia's decimal coins. On October 5, 1964, new banknotes were introduced by the Gambia Currency Board in denominations of 10 shillings, 1 and 5 pounds. All notes had a sailing boat
Penny (British pre-decimal coin) pennies" means specifically eight individual penny coins. Before Decimal Day in 1971 twelve pence made a shilling, and twenty shillings made a pound, hence 240 pence in one pound. Values less than a pound were usually written in terms of shillings and pence, e.g. 42 pence would be three shillings and sixpence (3/6), pronounced "three and six". Values of less than a shilling were simply written in terms of pence, e.g. eight pence would be 8d. This version of the penny was made obsolete in 1971 by decimalisation, and was replaced by the decimal penny, worth 2.4 old pence. The