<Tr> <Th> Designer </Th> <Td> Christopher Ironside </Td> </Tr> <Tr> <Th> Design date </Th> <Td> 1971 </Td> </Tr> <P> The British decimal halfpenny (​ ⁄ p) coin was introduced in February 1971, at the time of decimalisation, and was worth one two - hundredth of a pound sterling . It was ignored in banking transactions, which were carried out in units of 1p . </P> <P> The decimal halfpenny had the same value as 1.2 pre-decimal pence, and was introduced to enable the prices of some low - value items to be more accurately translated to the new decimal currency . The possibility of setting prices including an odd half penny also made it more practical to retain the pre-decimal sixpence in circulation (with a value of ​ 2 ⁄ new pence) alongside the new decimal coinage . </P>

When did they stop making 1 cent coins