the new 5p came into circulation on june 1990.
when did the new 5p come into circulation?
june 1990
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some of the pre-decimalisation coins with exact decimal equivalent values continued in use after 1971 alongside the new coins, albeit with new names (the shilling became equivalent to the 5p coin, with the florin equating to 10p), and the others were withdrawn almost immediately. the use of florins and shillings as legal tender in this way ended in 1991 and 1993 when the 5p and 10p coins were replaced with smaller versions. indeed, while pre-decimalisation shillings were used as 5p coins, for a while after decimalisation many people continued to call the new 5p coin a shilling, since it remained of a pound, but was now counted as 5p (five new pence) instead of 12d (twelve old pennies). the pre-decimalisation sixpence, also known as a sixpenny bit or sixpenny piece, was equivalent to p, but was demonetised in 1980.
coins of the pound sterling