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 On 31 August 1971, the 1d and 3d were officially withdrawn from circulation, ending the transition period.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
Coins of the pound sterling Maundy money is a ceremonial coinage traditionally given to the poor, and nowadays awarded annually to deserving senior citizens. There are Maundy coins in denominations of one, two, three and four pence. They bear dates from 1822 to the present and are minted in very small quantities. Though they are legal tender in the UK, they are never encountered in circulation. The pre-decimal Maundy pieces have the same legal tender status and value as post-decimal ones, and effectively increased in face value by 140% upon decimalisation. Their numismatic value is much greater. Maundy coins still bear the original portrait of