Subsequent Changes
The decimal halfpenny (½p), introduced in 1971, remained in circulation until 1984, by which time its value had been greatly reduced by inflation. It was not struck, except for collectors' sets, after 1983 (those dated 1984 struck only as proofs or in Uncirculated Mint Sets) and was demonetised on 31 December 1984. The 50p piece was reduced in size in 1997, following the reduction in size of the 5p in 1990 and the 10p in 1992 (the large versions of each of the three are now demonetised). The 1p and 2p underwent a compositional change from bronze to plated steel in 1992. However, both coins remain valid back to 1971, the only circulating coins valid on Decimal Day still to be valid.
In 1982, the word "new" in "new penny" or "new pence" was removed from the inscriptions on coins, to be replaced by the number of pence in the denomination (i.e. "ten pence" or "fifty pence"). This coincided with the introduction of a new 20p coin, which, from the outset, simply bore the legend "twenty pence".
A new bi-metallic £2 coin was introduced in 1997, and continues to be minted. Before that date, commemorative £2 coins were minted in 1986, 1989, 1995 and 1996, but these are hardly ever found in circulation.
Designs on all coins of £1 and under were changed in 2008 from the Ironside heraldic designs to a set of interlocking designs by Dent, with individual coins making up a part of the shield (and the £1 coin showing the full shield).
Read more about this topic: Decimal Day
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