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
Coins of the Manx pound the circulating coins. One reason for this is to increase sales to collectors, which can be an important source of income in small countries. The Manx pound matches the pound sterling and went decimal in 1971, with the UK, however since this date the Isle of Man has been at the forefront of coin innovation: The £1 coin was introduced on the Isle of Man in 1978, 5 years before the United Kingdom's equivalent, and there is currently a circulating £5 coin. Below are descriptions of some of the different designs in circulation from the Isle of Man. This page