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
Twopence (British pre-decimal coin) below and to the right. Above, on the rim, is incused the word , and on the rim below the image is incused the date . The reverse was also designed by Kuchler. The word appears next to the shield, indicating that the coin came from the Soho Mint. Twopence (British pre-decimal coin) The pre-decimal twopence (2d) was a coin worth one one-hundred-and-twentieth of a pound sterling, or two pence. It was a short-lived denomination, only being minted in 1797 by Matthew Boulton's Soho Mint. Before Decimal Day in 1971, two hundred and forty pence equaled one pound sterling. Twelve