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 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