History of the 1971 2p coin The 1971 2p is special because they were the first to be introduced to the UK after decimalisation. This was when the UK switched from using old currency to the system we use today so they are rare. Pennies used to be divided into four farthings, including a farthing - a quarter of a penny - and a hapenny, which was half a penny. The value of the coin grew Britain decided to use pounds divided into 100 pennies rather than the pre-decimal system. 2p coins with New Pence embossed on it were then introduced.The item "4x Extremely Rare 1971 2p New Pence 2Pence Coin Valuable UK 2p Collectors Coin" is in sale since Thursday, May 30, 2019. This item is in the category "Coins\Coins\British\Decimal Coinage (c. The seller is "daniemaciuc-0" and is located in Birmingham. This item can be shipped worldwide.