Britian First Decimal Coin Set Presentation Collection Uncirculated Bronze 1971
Great Britains First Ever De cimal Coin Set. Brittan's first ever Decimal Coin Set in a Presentation Wallet with Card Contains Silver Coloured Cupro Nickle 10p and 5p dated 1968 and Bronze 2p, 1p & 1/2p dated 1971 all UnCirculated Issued by the Royal Mint In Very Good Condition Considering it is over 40 years old.
Would make an Excellent Christmas Presents or Collectible Keepsake Souvenir. Check out my other items.
For that Interesting Conversational Piece, A Birthday Present, Christmas Gift, A Comical Item to Cheer Someone Up or That Unique Perfect Gift for the Person Who has Everything.... You Know Where to Look for a Bargain! Please Take a Moment Click Here to Check Out My Other items. Please Do Not Click Here. Click Here to Add me to Your List of Favourite Sellers.And I Will Reply ASAP. The Countries I Send to Include. Minor Pacific Islands (US) U. Virgin Islands (US) Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Wallis and Futuna (FR) Yemen Zambia Zimbabwe. Decimal Day (15 February 1971) was the day the United Kingdom and Ireland decimalised their currencies.
Under the old currency of pounds, shillings and pence, the pound was made up of 240 pence (denoted by the letter d for Latin denarius and now referred to as "old pence"), with 12 pence in a shilling and 20 shillings (denoted by s for Latin solidus) in a pound. The loss of value of the currency meant that the penny, with the same diameter as the U.Half dollar, was of relatively slight value, while the farthing, which was worth one-quarter of an old penny, had been demonetised on 1 January 1961. Following the rejection by Parliament of Lord Wrottesley's proposals to decimalise sterling in 1824 (prompted by the introduction in 1795 of the decimal French franc), little practical progress towards decimalisation was made for over a century, with the exception of the two-shilling silver florin (worth 1/10 of a pound) first issued in 1849. A double florin or four-shilling piece was a further step in that direction but failed to gain acceptance and was struck only from 1887 to 1890. The Decimal Association was founded in 1841 to promote decimalisation and metrication, both causes that were boosted by a realisation of the importance of international trade following the 1851 Great Exhibition.
It was as a result of the growing interest in decimalisation that the florin was issued. In their preliminary report, the Royal Commission on Decimal Coinage (18561857) considered the benefits and problems of decimalisation but did not draw any conclusion about the adoption of any such scheme.
[1] A final report in 1859 from the two remaining commissioners, Lord Overstone and Governor of the Bank of England John Hubbard came out against the idea, claiming it had "few merits". [2] In 1862, the Select Committee on Weights and Measures favoured the introduction of decimalisation to accompany the introduction of metric weights and measures. [3] The decimalisation movement even entered fiction. In Anthony Trollope's Palliser novels (and more so in the television series based on them), Plantagenet Palliser is a passionate advocate of decimalisation, a cause the other characters seem to find intensely boring.Palliser's scheme would have divided the shilling into ten (presumably revalued) pennies. This would have changed the threepence into 2.5 new pence, the sixpence into fivepence and the half crown into a two shilling, five pence piece. It would also have required the withdrawal and reissuance of the existing copper coinage. At the end of the fifth book in the series, The Prime Minister, Palliser (now Duke of Omnium) muses that the reform will not be accomplished, since it can only be done by a Chancellor of the Exchequer sitting in the House of Commons, and the Duke now sits in the House of Lords. The Royal Commission on Decimal Coinage (191820), chaired by Lord Emmott, reported in 1920 that the only feasible scheme was to divide the pound into 1000 mills (the pound and mill system), first proposed in 1824 but that this would be too inconvenient.
A minority of four members disagreed, saying that the disruption would be worthwhile. A further three members recommended that the pound should be replaced by the Royal, consisting of 100 halfpennies i. There would be 4.8 Royals to the former pound.
[4] Finally, in 1960, a report prepared jointly by the British Association for the Advancement of Science and the Association of British Chambers of Commerce, followed by the success of decimalisation in South Africa, prompted the Government to set up the Committee of the Inquiry on Decimal Currency (Halsbury Committee) in 1961, which reported in 1963. [5] The adoption of the changes suggested in the report was announced on 1 March 1966. The Decimal Currency Board (DCB) was created to manage the transition, although the plans were not approved by Parliament until the Decimal Currency Act in May 1969.
Former Greater London Council leader Bill Fiske was named as the Chairman of the Decimal Currency Board. Consideration was given to having a new unit of currencysuggested names included the new pound, the royal or the nobleworth ten shillings in the old currency which would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when Australia and New Zealand decimalised in the 1960s, adopting respectively the Australian dollar and New Zealand dollar equal in value to 10s).
In the event, it was decided by Halsbury that the pound sterling's importance as a reserve currency meant that the pound should remain unchanged. Queen Elizabeth II 1952 - present day. The item "Britian First Decimal Coin Set Presentation Collection Uncirculated Bronze 1971" is in sale since Saturday, January 10, 2015. This item is in the category "Collectables\Vintage/ Retro\1970s". The seller is "notinashyway" and is located in Look at my other Items.This item can be shipped worldwide.
- Era / Type: 1970s