What is the amount of money of an elizabeth11 5 fence coin?
The 5 pence coin is worth only around 8 cents in US currency, or 5 pence in the UK.
Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money. The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender. The Federal Reserve decides how much money will be produced…
The highest denomination coin regularly issued by the Royal Mint is the non-circulating One Hundred Pound 1 ounce gold bullion coin. The coin has been issued in every year since 1987 and features various depictions of Britannia on the reverse. The highest general circulation coin is the Two Pound coin. Although the Five Pound coin is legal tender and was intended to be a non-circulating commemorative, many businesses refuse to accept them.