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The old penny, specifically the British penny, was first introduced in 785 AD during the reign of King Offa of Mercia. Over the centuries, various designs and materials have been used, but the term "old penny" often refers to the pre-decimal penny that was in use until the decimalization of the currency in 1971. The old penny was replaced by a new decimal penny worth one-hundredth of a pound in that year.

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2d ago

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