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What is a pence?

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Quick Answer

A pence is a piece of currency from the United Kingdom that bears some similarity to the penny in the United States, in that 100 pence is equal to 1 pound. Before the decimalization of the U.K. monetary system in 1971, 12 pence were equal to 1 pound.

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What is a pence?
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Full Answer

Although currency prices fluctuate, 1 pence is usually equivalent to the monetary value of two U.S. cents. British coin currency currently comes in denominations of 1 pence (also called a penny), 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound and 2 pounds. As of 2014, pounds and pence are more prevalent in the United Kingdom than the Euro.

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Related Questions

  • Q:

    How much is a three-pence coin worth?

    A:

    A threepence coin is a historical British coin worth one-eightieth of a pound sterling. The coin was worth the same as three pence. There were 12 pence in 1 shilling and 20 shillings in 1 pound, so there were 240 pence in 1 pound. According to the Royal Mint Museum, a threepence coin would probably be worth 14.4 pence in today's money.

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  • Q:

    How many pence are in a pound?

    A:

    There are 240 pence, or 20 shillings, in a pound. There are 12 pence in a shilling. These three values were part of the pre-decimal currency system once used across Europe, a system popularly known as "£sd."

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  • Q:

    How much are old three pence pieces worth?

    A:

    An old three pence piece is worth face value at around 3 pennies. It is an obsolete coin in the United Kingdom and is even more obsolete in the United States.

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  • Q:

    How big is a 2-pence piece?

    A:

    A 2-pence piece measures 25.9 millimeters, or 1.019 inches in diameter. The coin weighs 7.12 grams, or 0.251 ounces, and is made of copper, zinc and tin. The 2-pence piece coin was introduced in 1971 and is used in the United Kingdom as legal currency to purchase goods and services.

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