What is a pence?


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.

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.

Q&A Related to "What is a pence?"
A pence is a coin used by the British. Its value is much the same as an American penny. Pence can also mean more than one penny. It takes 100 pence to equal 1 British pound.
With a diameter of 18mm-which is slightly larger than the U.S. dime-the current 5 pence coin, in production since 1990, is a smaller version of the one introduced at the time of decimalization
Pence is used in referring to a sum of money rather than to the coi...
One british pound in currency.
1 Additional Answer
Ask.com Answer for: what is a pence
a plural of penny; used in referring to a sum of money rather than to the coins themselves (often used in combination): sixpence; The fare was 15 pence.
Source: Dictionary.com
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