Decimal Day remain valid back to 1971, the only circulating coins valid on Decimal Day still to be valid. In 1982, the word "new" in "new penny" or "new pence" was removed from the inscriptions on coins, to be replaced by the number of pence in the denomination (i.e. "ten pence" or "fifty pence"). This coincided with the introduction of a new 20p coin, which, from the outset, simply bore the legend "twenty pence". A £1 coin was introduced in 1983, and a £2 coin in 1997. When the old pounds, shillings, and pence system was in operation, the United Kingdom and
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