Groat (coin) Groat (coin) The groat is the traditional name of a long-defunct English and Irish silver coin worth four pence, and also a Scottish coin originally worth fourpence, with later issues being valued at eightpence and one shilling. The name has also been applied to any thick or large coin, such as the "Groschen" ("grosso"), a silver coin issued by Tyrol in 1271 and Venice in the 13th century, which was the first of this general size to circulate in the Holy Roman Empire and other parts of Europe. The immediate ancestor to the groat was the French "gros tournois" or
Decimal Day use pennies or threepenny pieces, to pay them in multiples of 6d (p, the lowest common multiple of the two systems). Bus companies (at that time many state-owned by the National Bus Company) were another exception, going decimal on Sunday 21 February. Decimal Day itself went smoothly. Criticisms included the small size of the new halfpenny coin and the fact that some traders had taken advantage of the transition to raise prices. Some used new pennies as sixpences in vending machines. After 15 February, shops continued to accept payment in old coins, but always issued change in new coins. The