Queen Elizabeth Coin Worth Money - 1979 New Penny Review | UK Rare Error Coin

This video is about the review of a rare error coin of Queen Elizabeth II from United Kingdom. Prior to 1971, the United Kingdom had been using the pounds, shillings, and pence currency system. Decimalization was announced by Chancellor James Callaghan on 1 March 1966; one pound would be subdivided into 100 pence, instead of 240 pence as previously was the case. This required new coins to be minted, to replace the pre-decimal ones. The original specification for the 1p coin was set out in the Decimal Currency Act 1969, which was replaced by the Currency Act 1971. The new 1p coins began production in December 1968 in the newly built Royal Mint facility in LIantrisant, South Wales. 1,521,666,250 1p coins were minted between 1968 and the end of 1971. On 15 February 1971, the United Kingdom officially switched to a decimal currency and the new coins entered circulation. The coins continue to be minted at this facility today.

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