The Royal Mint issued British Pound coins in 16 different denominations, including this British predecimal penny coin. They are part of the predecimal and withdrawn Pound Sterling coins series. The Royal Mint started issuing these 0.00416 British Pound coins in 1797. They were withdrawn from circulation in 1970.

The old predecimal British penny is a large and heavy coin: It weighs 9.45 grams and measures 30.86mm across. It is worth the equivalent of 1/240 of a pound: There are 240 predecimal pennies to the Pound Sterling. A purse with 240 predecimal pennies, worth £1, has a weight of 2 kilos and 268 grams. Because the coin is so inconveniently large and heavy, the predecimal penny was often referred to as a ‘cartwheel’. The 1d coin is made of bronze and has a seated Britannia with shield and trident on the front side. On the back side of the predecimal one penny piece is the portrait of the Monarch.

Do you have a British predecimal penny coin? Here's how to exchange it for cash:

• Indicate how many 0.00416 British Pound coins you want to exchange
• Click on the 'Add to Wallet' button
• The exchange value has been added to your online wallet.

Repeat these steps for any other notes and coins you want to exchange. Complete checkout and get paid within 5 days of receiving your currencies. To exchange your British predecimal penny coin for cash: add it to your wallet now!