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1968 Ireland Penny - Lucky Irish Penny - NGC Genuine

1968 Ireland Penny - Lucky Irish Penny - NGC Genuine

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  • Last Year of Mintage for the Irish Penny

  • Mintage of 21,000,000

  • NGC Certified Genuine

The Irish penny, also known as the 'pingin' in Irish, was a denomination of the pre-decimal currency of Ireland. Here’s a detailed overview:

Historical Context

  • Introduction: The Irish penny was first introduced in 1928 following the establishment of the Irish Free State in 1922.

  • Decimalization: The Irish penny remained in circulation until decimalization on February 15, 1971, when it was replaced by the new decimal penny.

Design

  • Obverse: The obverse of the Irish penny featured an intricate design by the famous sculptor Percy Metcalfe. It typically showcased the Irish harp, which is the national symbol of Ireland. The harp design remained consistent throughout the coin’s history.

  • Reverse: The reverse side of the coin featured various designs:

    • The original series from 1928 to 1968 featured a hen and chicks, symbolizing the agricultural heritage of Ireland.

    • Later designs might have varied, but the hen and chicks remained the most iconic and recognized design for the Irish penny.

Composition and Size

  • Material: The Irish penny was initially made of bronze.

  • Weight and Diameter: It weighed 9.45 grams and had a diameter of 30.9 mm, making it a relatively large coin.

Circulation and Usage

  • Circulation: The Irish penny was widely used in everyday transactions and was a staple of Irish currency.

  • Value: It was worth 1/240th of an Irish pound, consistent with the British pre-decimal system.

Collectability

  • Historical Value: Today, the Irish penny is a sought-after collector’s item, particularly those in good condition or with rare minting years.

  • Cultural Significance: The designs on the Irish penny reflect Ireland's cultural and agricultural heritage, making it a significant piece of numismatic history.

Post-Decimalization

  • Legacy: After the decimalization in 1971, the old pennies were withdrawn from circulation. The new decimal penny, worth 1/100th of an Irish pound, was introduced, marking the end of the old coinage system.

In summary, the Irish penny is not only a piece of currency but also a piece of Ireland's cultural and historical identity, treasured by collectors and historians alike for its rich heritage and artistic design.

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