1 Penny - Elizabeth II 3rd portrait; magnetic

Features

Issuer	United Kingdom
Queen	Elizabeth II (1952-2022)
Type	Standard circulation coin
Years	1992-1997
Value	1 Penny 0.01 GBP = USD 0.012
Currency	Pound sterling (decimalized, 1971-date)
Composition	Copper plated steel
Weight	3.56 g
Diameter	20.3 mm
Thickness	1.65 mm
Shape	Round
Technique	Milled
Orientation	Medal alignment ↑↑
Number	N# 860
References	KM# 935a, Tracy L. Schmidt (editor); 2019. Standard Catalog of World Coins / 2001-Date (14^th edition). Krause Publications, Stevens Point, Wisconsin, United States. And 5 more volumes. Sp# B4 Emma Howard (editor); 2021. Standard Catalogue of British Coins : Coins of England & the United Kingdom Pre-Decimal Issues (56^th edition). Spink & Son, London, United Kingdom. And 2 more volumes.

Obverse

Third crowned portrait of Queen Elizabeth II right, wearing the George IV State Diadem, legend around.

Script: Latin

Lettering:
ELIZABETH II D·G·REG·F·D·1996
RDM

Unabridged legend: Elizabeth II Dei Gratia Regina Fidei Defensatrix

Translation: Elizabeth the Second by the Grace of God Queen Defender of the Faith

Engraver: Raphael David Maklouf

Reverse

A crowned portcullis with chains (an adaptation of the Badge of Henry VII, now the Badge of the Palace of Westminster) with legend above and denomination below.

Script: Latin

Lettering:
ONE PENNY
1

Engraver: Christopher Ironside

Edge

Plain

Mint

Royal Mint, Llantrisant, United Kingdom (1968-date)

Comments

1992 saw the changeover from bronze to copper-plated steel for both the 1p & 2p to reduce the cost of production. Both bronze and copper-plated steel 1992 coins can be found, however those in Proof & Brilliant Uncirculated sets were struck in bronze, while circulation strikes were copper-plated steel.

Reverse die varieties:

Type A (1992-94) Junctions of portcullis bars are raised dots;
Type B (1992-97) Junctions of portcullis bars are incuse circles;

Information has been received to suggest that 1993-97 BU and Proof sets were struck with Type B but this is yet to be confirmed.

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Date	Mintage	G	VG	F	VF	XF	AU	UNC	Frequency
Undetermined
1992	253 867 000	$ 0.05	$ 0.06	$ 0.11	$ 0.12	$ 0.12	$ 0.12	$ 0.29	28%	Reverse varieties (see comments)
1993	56 945								0.8%	BU
1993	66 080							$ 1.50	1.2%	Proof
1993	602 590 000	$ 0.04	$ 0.05	$ 0.08	$ 0.12	$ 0.14	$ 0.25	$ 0.50	47%	Reverse varieties (see comments)
1994	177 971							$ 0.52	1.4%	BU
1994	66 720							$ 1.10	1.4%	Proof
1994	843 834 000	$ 0.04	$ 0.06	$ 0.11	$ 0.11	$ 0.16	$ 0.16	$ 0.21	55%	Reverse varieties (see comments)
1995	303 314 000	$ 0.05	$ 0.05	$ 0.09	$ 0.11	$ 0.14	$ 0.17	$ 0.36	32%
1995	105 647							$ 0.52	0.5%	BU
1995	60 639							$ 2.80	1.1%	Proof
1996	723 840 000	$ 0.04	$ 0.05	$ 0.11	$ 0.11	$ 0.14	$ 0.19	$ 0.23	50%
1996	86 501							$ 0.95	0.6%	BU
1996	67 581							$ 1.20	1.3%	Proof
1997	396 874 000	$ 0.03	$ 0.06	$ 0.06	$ 0.12	$ 0.16	$ 0.20	$ 0.20	37%
1997	109 557								0.5%	BU
1997	80 748							$ 1.20	1.3%	Proof

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

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