Twopence (other)
The British twopence (2''d'') ( or ) coin was a denomination of sterling coinage worth two pennies or of a pound. It was a short-lived denomination in copper, being minted in only 1797 by Matthew Boulton's Soho Mint. These coins were made legal tender for amounts of up to one shilling by a proclamation of 26 July 1797. Short-lived twopence coins in silver were also minted in 1817, 1818 and 1820. Twopence coins were made redundant in 1860 with the advent of bronze coinage. History The minting of silver pennies for general circulation was halted by the British government in 1660, because the cost of silver had risen too high. By the late 18th century this policy had caused a deficiency in the number of circulating pennies, and many merchants and mining companies had taken to issuing their own copper tokens. For example, the Parys Mining Company on Anglesey issued huge numbers of tokens (although their acceptability was limited). In 1797 to alleviate this coin shortage, th ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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