"Pounds Shillings and Pence", Brilliant Uncirculated coin Collection, containing the last of the British LSD coinage, issued by the Royal Mint. The British coinage has evolved over a period of nearly 1,500 years. The penny came first, in the seventh century, in the form of small silver coins known as scattas. Within a hundred years or so these scattas had been superseded by a larger, heavier penny. It remained virtually the only coin in circulation for 500 years. The simplicity of a coinage with a single denomination was slowly transformed. Silver halfpennies and farthings were added, while in the middle of the fourteenth century a large silver groat, Fourpence, established itself. During the reign of Henry VII, the shilling and the pound appeared as coins, the former in silver and the pound as a gold sovereign. It was after the Second World War that, the coinage of today replaced silver with a cheaper alloy of copper and nickel. The coins in this set circulated in the last few years, before Decimalisation. GRADE: The coins in these sets had been purchased from the secondary coin market. Only Choice coins were purchased, and encased within this descriptive folder to commemorate twenty years of Decimalisation, issued by the Royal Mint.