Decimal Day remain unchanged. Under the new system, the pound was retained but was divided into 100 new pence, denoted by the symbol "p". New coinage was issued alongside the old coins. The 5p and 10p coins were introduced in April 1968 and were the same size, composition, and value as the shilling and two shillings coins in circulation with them. In October 1969 the 50p coin was introduced, with the 10s note withdrawn on 20 November 1970. This reduced the number of new coins that had to be introduced on Decimal Day and meant that the public was already familiar with
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