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Key Fact
Description
This is a British one penny coin from the reign of Queen Elizabeth II. The obverse features a right-facing bust of the young Queen Elizabeth II, designed by Mary Gillick, with the inscription "Elizabeth II D G REG F D". The reverse, designed by William Gardner, depicts a galleon or ship. The coin is made of bronze and has a plain edge. It was minted by the Royal Mint between 1953 and 1967.
History
This coin belongs to the decimal series of British currency, introduced after the pre-decimal system. The effigy of Queen Elizabeth II on this coin represents her early reign. The Royal Mint, Britain's oldest company, has been producing coins for over 1,100 years, establishing a long tradition of coinage design and production for the United Kingdom and other nations.
Facts
The design of the Queen's effigy on this coin was the first to be used on British coinage for over 200 years that was not a monarch with a crown. The reverse design of the galleon was changed in 1968 to the current "Double Rose" design with the introduction of decimal currency. This coin, therefore, represents a specific period in British numismatic history.
Value Fact
These one penny coins are widely available and generally have low collector value unless in exceptionally high grades or from specific rare mintages. Coins in circulated condition are typically worth a small amount, often less than a dollar, reflecting their commonality. However, uncirculated examples or those with minor errors might command slightly higher prices among collectors.

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