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The British Royal Mint commemorates in 2021 the 50th anniversary of the passage of its currency to the decimal system with the issuance of a 50 pence coin. February 15, 1971 was chosen as Decimal Day, the day the UK would officially switch to the decimal system.
Before decimalization, the pound was divided into 20 shillings, and the shilling into 12 pence, making a total of 240 pence of a pound. The new decimal system did not change the value of a pound, the value of the pound remained intact, but now it was divided into 100 new pennies instead of 240 of the old.
The design by Dominique Evans marks the 50th anniversary with a tribute to the coins that were replaced on Decimal Day.
Since the Chancellor of the Exchequer announced that the UK would change its currency to a decimal system, the Royal Mint staff had spent four years carefully preparing for the occasion. New currencies had been introduced little by little to help the transition and a wide campaign was launched to resolve the doubts of the citizenship before Decimal Day. This included everything from billboards and informational brochures to television campaigns, including a Max Bygraves song called 'Decimalisation'.
Banks then were not computerized as they are now and had to make the change manually. The Royal Mint even had to find a new and larger site away from its historic Tower Hill headquarters to make enough coins for the entire country. However, despite these significant challenges, when the day finally came, everything went well and the system was successfully adopted.
Features
Face value: 50p
Alloy: Cupronickel
Diameter: 27.3 mm
Weight: 8 g
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