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The British 1 Penny (Cartwheel) is the official currency of the United Kingdom, Jersey, England, the Isle of Man, Gibraltar, South Georgia and also the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
The pound was a unit of account in Anglo-Saxon England, and its origins date back to the reign of King Offa of Mercia (757–796).
In 1694 founded the Bank of England. Printed the first banknote in denominations of £10 notes in 1759, followed by £5 in 1793 and also £1 and £2 in 1797.
In 1855, introduced a new series in denominations of £5, £10, £20, £50, £100, £200, £300, £500, and also £1000.
Already in more recent times, The Bank of England introduced a polymer banknote series in denominations of £5 in 2016, followed by £10 in 2017, £20 in 2020, and also £50 in 2021.
The Bank of England oversees the monetary policy of the pound sterling and regulates the amount of money in circulation.
The 1 British Penny coin front design features a Laureate and draped bust of King George III right. Also a legend around on raised rim.
On the back, Seated figure of Britannia left, with trident and shield in left hand, olive branch in right, sea behind with ship to left, legend above and date below on raised rim.
The material of the coin its Copper.
Text: GEORGIUS III·D:G·REX. K, BRITANNIA.
The currency code for Pounds is GBP, and the currency symbol is £.
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