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It is worth 2 pence. The DG stands for Dei Gratia, Latin for "By the Grace of God", the Reg stands for Regina, the Latin for Queen, FD stands for Fidei Defensor, Latin for "Defender of the Faith". The reason it says "New Pence" is because before decimilization in 1971, Britain used a system involving shillings, pennies, crowns, half-crowns, florins, farthings, etc. and the "New Pence" was there to remind people it was decimal currency because many of the older coins were demonetized.

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