The pre-decimal
penny (
1d) was a
coin worth one two-hundred-and-fortieth of a
pound sterling. Its symbol was
d, from the Roman
denarius. It was a continuation of the earlier
English penny, and in
Scotland it had the same monetary value of one pre-1707 shilling. The penny was originally minted in silver, but from the late eighteenth-century onward it was minted in copper, and then after 1860 in bronze.