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
Farthing (English coin) Farthing (English coin) A farthing (derived from the Anglo-Saxon "feorthing", a "fourthling" or "fourth part") was a coin of the Kingdom of England worth one quarter of a penny, of a pound sterling. Such coins were first minted in England in silver in the 13th century, and continued to be used until the Kingdom of England was merged into the new Kingdom of Great Britain in 1707. Early farthings were silver, but surviving examples are rare. The first copper farthings were issued during the reign of King James I, who gave a licence for minting them to John Harington, 1st