Great Britain 2 Pence and 2 New Pence 1971 to Date

These coins are worth face value: 2 pence in the UK. Use xe.com to figure exchange rates between currencies of various countries.

The "New" designation comes from coins minted on Decimal Day and for several years after. "Decimal Day" is the name that was given to 15 February 1971 in the United Kingdom. It was the day that the UK converted to a decimal-based system of currency from the old pound-shilling-pence system. In the old system, 1 pound = 240 pence. In the new (decimal) system, 1 pound = 100 pence. For coin collectors, the "New" designation is not important.

Some years, these coins were struck only in the hundreds of thousands (compared to tens of millions for many modern coins). It could be an interesting and very cheap collecting idea to try to assemble a full set of these 2 pence.
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