Decimal Day old coins were returned to the banks and in this way the bulk of them were quickly taken out of circulation. The new halfpenny, penny, and twopence coins were introduced on 15 February 1971. Within two weeks of Decimal Day, the old penny (1d) and old threepenny (3d) coins had left circulation, and old sixpences were becoming rare. On 31 August 1971, the 1d and 3d were officially withdrawn from circulation, ending the transition period. The government intended that in speech the new units would be called "new pence", but the public decided that it was clearer and quicker to
Two pence (British decimal coin) Two pence (British decimal coin) The British decimal two pence (2p) coin – often informally pronounced "two pee" – is a unit of currency equalling 2/100ths of a pound sterling. Its obverse has featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the year British currency was decimalised. Four different portraits of the Queen have been used on the coin, with the latest design by Jody Clark being introduced in 2015. The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008. One penny and two pence coins are