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In 1976, 50 new pence was equivalent to half a pound (£0.50) in the UK's decimal currency system, which was introduced in 1971. At that time, the purchasing power of 50 new pence would have been significantly higher compared to today, allowing for more goods and services to be purchased. To provide a specific comparison, £0.50 in 1976 would be comparable to several pounds today when adjusted for inflation.

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