Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Halfpenny (Irish pre-decimal coin) Halfpenny (Irish pre-decimal coin) The halfpenny (d) () coin was the second smallest denomination of the pre-decimal Irish pound, worth of a pound or of a shilling. First issued in 1928 it ceased to be legal tender on 1 August 1969. The coin measured in diameter and weighed 5.66990 grams. The bronze coin was made up of 95.5% copper, 3% tin and 1.5% zinc. This was identical to the British halfpenny as both countries' pounds were pegged until 1979. The reverse design was by Percy Metcalfe, an English artist. The artist was given the choice of a boar, a sow