Penny (English Coin)

Penny (English Coin)

The English Penny, originally a coin of 1.3 to 1.5 g pure silver, includes the penny introduced around 785 by King Offa of Mercia. His coins were similar in size and weight to the continental deniers of the period, and to the Anglo-Saxon sceats which had gone before it, which were probably also called "pence".

Throughout the period of the Kingdom of England, from its beginnings in the 9th century, the penny was produced in silver. Pennies of the same nominal value, one 240th of a pound sterling, were in circulation continuously until the creation of the Kingdom of Great Britain in 1707.

Read more about Penny (English Coin):  History, Pennies By Period

Famous quotes containing the word penny:

    With one hand he put
    A penny in the urn of poverty,
    And with the other took a shilling out.
    Robert Pollok (1798–1827)