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
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