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
Decimal Day Day to enable them to give change immediately after the changeover. Banks were closed from 3:30 pm on Wednesday 10 February 1971 to 10:00 am on Monday 15 February, to enable all outstanding cheques and credits in the clearing system to be processed and customers' account balances to be converted from £sd to decimal. In many banks the conversion was done manually, as most bank branches were not yet computerised. February had been chosen for Decimal Day because it was the quietest time of the year for the banks, shops, and transport organisations. Many items were priced in both currencies