English Penny in the context of "Silver coin"

⭐ In the context of silver coinage, the English penny is considered…

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⭐ Core Definition: English Penny

The English penny (plural "pence"), originally a coin of 1.3 to 1.5 grams (0.042 to 0.048 troy ounces; 0.046 to 0.053 ounces) pure silver, was introduced c. 785 by King Offa of Mercia. These coins were similar in size and weight to the continental deniers of the period and to the Anglo-Saxon sceats which had preceded it.

Throughout the period of the Kingdom of England, from its beginnings in the 9th century, the penny was produced in silver. Pennies of the same nominal value, 1⁄240 of a pound sterling, were in circulation continuously until the creation of the Kingdom of Great Britain in 1707.

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πŸ‘‰ English Penny in the context of Silver coin

Silver coins are one of the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC. Before 1797, British pennies were made of silver.

As with all collectible coins, many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar and the Spanish Milled Dollar.

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