🎈$5 add on - 1971 1/2 New Penny

Although these coins were not released until Decimalisation Day on 15th February 1971, HRH Philip, Duke of Edinburgh struck 6 of the new halfpennies at the opening of the new Royal Mint in Llantrisant, Glamorgan on 17th December 1968. The production of the ½ New Penny was necessary since the old sixpence (with a decimal face value of 2.5p) continued in use up until 1980 and merchants had the ability to charge in nearly as small units as they could previously with the old money. The Treasury continued to argue that the halfpenny was important in the fight against inflation until the coin became uneconomical to produce and consequently was demonetised and withdrawn from circulation in December 1984. Banks sent unused stocks back to the Royal Mint to be melted down, therefore less of the original mintage remains. Christopher Ironside designed all six new denominations for decimalisation for which he was awarded the OBE in 1971. 🎈Check out my FREE, $5 and $10 add-on items! 💥New to Poshmark? Sign up with code JANNO4761 and get $15!💥