The British halfpenny coin was worth 1/480th of a pound sterling. At first in its 700-year history it was made from silver, but as the value of silver increased the coin was made from base metals. It was finally abandoned in 1969 as part of the process of decimalising the British currency. "Halfpenny", colloquially written ha'penny, was pronounced ; "1 ½d" was spoken as a penny ha'penny or three ha'pence . It was long considered that the first halfpenny coins were produced in the reign of King Edward I (1272–1307), with earlier requirements for small change being provided by "cut coinage"; that is, pennies cut into halves or quarters, usually along the cross which formed a prominent part of the reverse of the coin. However, in recent years metal detectorists have discovered a few halfpennies of Kings Henry I (1100–1135) and Henry III (1216–1272) – these are extremely rare and very little is known about them; they have all been found in the London area, where they circulated alongside the more common cut coinage, and while it is possible that these coins were patterns or trials, it is clear that they did see circulation. It is possible that there are other coins or issues still to be discovered. Early halfpennies A few King Henry I silver halfpennies have been discovered recently. The issue is possibly a pattern or trial, but it is obvious that several specimens entered circulation. The obverse features an uncrowned front-facing bust of the king, with the inscription HENRIC REX – King Henry – while the reverse features a cross with the identification of the moneyer GODWIN A ON WI – Godwin of Winchester. The fact that round halfpennies were issued by Henry I was mentioned by both John of Worcester and Geoffrey of Monmouth. Two issues, both struck at the London mint, have been discovered recently. Both are in the short-cross style of King Henry III, produced between 1216 and 1247, and are similar in design to the pennies, but only half the size. The obverse shows a crowned bust of the king holding a sceptre, with the inscription HENRICUS REX, while the reverse shows a small cross with four pellets in each quarter with the moneyer's inscription TERRI (or ELIS) ON LUND – Terry (or Elis) of London. Edwardian and Henrician halfpennies King Edward I (1272–1307) successfully introduced the halfpenny as part of his new