History of the threepence the possible advent of a decimal currency at the time (see florin), when the 3d at 1/80th of a pound would not have fitted within a decimal system). Currency silver threepences from 1838 to 1926 were of identical design and cannot usually be distinguished except in the best conditions when the higher striking standard of the maundy coins stand out; this resulted in the curious legal anomaly that when the currency was decimalised in 1971 "all" silver threepences from 1870 onwards were revalued at three new pence, not just the maundy coins. Threepences were produced with both the "young head"
Coins of Australia One Sovereign" on one side and Queen Victoria on the other, or "Sydney Mint, Australia, Half Sovereign", before starting in 1870 to mint gold coins of British design. One gold sovereign equaled £1. Federation in 1901 gave the Commonwealth a constitutional power to issue coins and removed this power from the States. British coins continued in use until 1910, when Australian silver coins were introduced. These included florins, shillings, sixpences and threepences. They had a portrait of King Edward VII on one side. Australian pennies and half-pennies were introduced into circulation the following year. In 1931 gold sovereigns stopped being