New Penny

Penny (British decimal coin)

The British decimal penny (1p) is a denomination of sterling coinage worth 1⁄100 of one pound, or one penny. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised, until her death on 8 September 2022. A new portrait featuring King Charles III was introduced on 30 September 2022, designed by Martin Jennings. Four different portraits of the Queen were used on the obverse; the last design by Jody Clark was introduced in 2015. The second reverse, designed by Matthew Dent, features a segment of the Royal Shield and was used from 2008 to 2022. The third and current reverse, featuring a hazel dormouse, was introduced in 2023 following the accession of Charles III. The penny is the lowest value coin ever to circulate in the United Kingdom.

Penny

A penny is a coin or a unit of currency in various countries. Borrowed from the Carolingian denarius, it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny unit and the de facto name of the American one-cent coin.

new penny

Noun

1. Following decimalisation, the name given to the coin worth one hundredth of a pound; now known simply as the penny. Symbol: p