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Refers to a British coin 38 millimeters in diameter that was originally struck as a commemorative of the monarch. Prior to decimalization, it had a value of five shillings and were struck as circulating coins even though few circulated. After decimalization, crowns were given the value of 25 pence. In 1990, it was changed to have a value of £5. Modern crown coins are struck for commemorative purposes and not intended for circulation. Many do not have a denomination except for the word "CROWN."
The official name of the coin that is one hundredth of a British pound. It is also a synonym for the U.S. one-cent coin.
Pound, or pound sterling, is the unit currency of the Great Britain. The pound was introduced by King Henry II to represent one troy pound of silver. Since a pound was made up of 240 pennyweights, the penny was introduced to represent one pennyweight of silver.