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Altered to show Pre-decimalisation and Post-decimalisation as reasons for the change in the value of one pence.
==Great Britain==
==Great Britain==
The penny was originally made of silver, but now made of [[cupronickel]]. The plural is [[pence]] when referring to an amount of money, or pennies when referring to the coins. There are traditionally 240 pence to the [[pound]], or 100 [[new pence]].
The penny was originally made of silver, but now made of [[cupronickel]]. The plural is [[pence]] when referring to an amount of money, or pennies when referring to the coins. [[Pre-decimalisation]] there were 12 pence (written as 12d) to the shilling (written as 1s) and 20s to the pound, giving 240 pence to the [[pound]]. [[Post-decimalisation]] this was changed to 100 [[new pence]] in the pound, making one new pence equal to two-and-a-half old pence, five new pence equal to the shilling and ten new pence equal to two shillings. Indeed, even in the eighties it was still possible to find five pence coins marked as being worth one shilling, and ten pence coins marked as being worth two shillings.
==References==
==References==