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All years of issue of the Gibraltar Penny are still potentially in circulation so, unless they are part of a Proof or Uncirculated mint set or are individual Proof or Uncirculated coins and in absolute mint condition, they are worth 1 Penny in Gibraltar.

The Gibraltar currency (GIP) is pegged at par with the British Pound Sterling (GBP) and the Gibraltar decimal coinage is identical in dimensions and composition to the equivalent British Coins, being struck on the same blanks. Gibraltar currency is "legal tender" only in Gibraltar.

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