Fourpence (British coin) Fourpence (British coin) The pre-decimal fourpence (4d), sometimes known as a groat (from Dutch "grootpennig" = "big penny") or fourpenny bit, was a coin worth one sixtieth of a pound sterling, or four pence. The coin was also known as a joey after the MP Joseph Hume, who spoke in favour of its introduction. It was a revival of the pre-Union coin. Before Decimal Day in 1971 there were two hundred and forty pence in one pound sterling. Twelve pence made a shilling, and twenty shillings made a pound. Values less than a pound were usually written in terms of
Decimal Day weights and measures.) Around the time of Decimalisation Day, "Decimal Adders" and other converters were available to help people convert between the old and new coins. The following is a table showing conversions between the decimal and pre-decimal systems. All pre-decimal coins (except for certain non-circulating coins such as crowns, sovereigns, and double florins which were explicitly excluded from demonetisation) are now no longer legal tender. Public outcry at the proposed demise of the old sixpence (6d), worth exactly p and originally slated for early withdrawal, postponed its withdrawal until June 1980. Shillings and florins, together with their same-sized 5p