Decimal Day and 10p coin equivalents, co-existed in circulation as valid currency until the early 1990s. In theory this included coins dating back to 1816; in practice the oldest were dated 1947, when these coins stopped containing silver. The coins were withdrawn when smaller 5p and 10p coins were introduced in 1990 and 1992 respectively. The face value of Maundy money coins was maintained, increasing all their face values by a factor of 2.4, as the coins continued to be legal tender as new pence. The numismatic value of each coin, though, greatly exceeds face value. The decimal halfpenny (p), introduced in
Coins of the pound sterling 10p and 50p coins. The pound coin (£1) was introduced in 1983 to replace the Bank of England £1 banknote which was discontinued in 1984 (although the Scottish banks continued producing them for some time afterwards; the last of them, the Royal Bank of Scotland £1 note, is still in production ). The designs on the one pound coin change annually in a largely five-year cycle. The decimal half penny coin was demonetised in 1984 as its value was by then too small to be useful. The pre-decimal sixpence, shilling and two shilling coins, which had continued to circulate alongside