History of the Threepence

The threepence, often abbreviated as “3d,” is a small British denomination coin that has played a significant role in the history of currency. Throughout its existence, it has evolved in design, composition, and usage. This guide explores the fascinating history of the threepence coin from its inception to its eventual retirement.

Make sure you discover our guide on the rarest coins in the UK for more information on Britain’s eclectic coinage throughout history.

The threepence coin, often abbreviated as “thruppence” or “threepenny bit,” has a long history dating back centuries. Its origins can be traced to medieval England when silver pennies were commonly divided into smaller fractions to facilitate everyday transactions. These fractions were typically cut or broken from a larger coin; a practice known as “cut coinage.” However, this method often led to uneven divisions and the potential for fraud.

To address these problems, the first official threepence coin was minted during the reign of Edward VI in the mid-16th century. This marked the beginning of the threepence’s status as a legitimate denomination, recognised by the Crown. The coin continued to evolve over the years, with various monarchs introducing their own designs and variations.

Threepence Characteristics

• Size and Shape: One of the most distinctive features of the threepence coin is its unique size and shape. Unlike most coins, which are typically round, the threepence coin has an equilateral curve heptagon shape. This shape made it easily distinguishable from other coins in circulation, reducing the chances of fraud. This 12-sided coin is known as Britain’s first non-circular coin ever to be created.
• Material and Design: Threepence coins were traditionally made of silver, adding to their allure. The obverse side typically featured the reigning monarch’s portrait, while the reverse displayed various intricate designs. These designs often reflected the cultural and historical elements of the time, making threepence coins a miniature canvas of British history.
• Iconic Portraits: Throughout its history, threepence coins featured the likenesses of several British monarchs, from Queen Victoria to Queen Elizabeth II. Each portrait provides a glimpse into the era it represented, capturing the essence of the time’s fashion, style, and culture.
• Unique Denomination: The threepence coin’s denomination set it apart from other coins. Its value was small, making it ideal for minor transactions and small purchases. People often used threepence coins for various purposes, such as paying for public transportation, buying sweets, or tipping.

While the threepence coin is no longer in circulation, it remains a cherished relic of the past like many old British coins, treasured by collectors and history enthusiasts worldwide. Its unique design, historical significance, and role in everyday life have made it a sought-after piece of numismatic history. Many coin collectors covet the threepenny bit, especially if they’re of high grade.

Threepence in pop culture

The threepence has appeared in literature, films, and popular culture worldwide, further cementing its place in the hearts of many. For example, in Charles Dickens’ “A Christmas Carol,” the character Scrooge famously exclaims, “I don’t make merry myself at Christmas, and I can’t afford to make idle people merry.” He then gives a young boy a threepence coin to buy a turkey, symbolising his transformation from a “scrooge” to a generous man.

How much are threepenny bits worth?

The value of a threepenny bit today depends on several factors, including:

1. Collectible Value: If you have an old threepenny bit in good condition, it may have some collectible value. Collectors often seek out coins in excellent condition, and rare or historically significant threepenny bits may be worth more.

2. Metal Content: Threepenny bits minted before 1947 were made of silver and may have intrinsic value based on their metal content. These coins are typically 92.5% silver (sterling silver). The actual value of the silver will fluctuate with market prices for precious metals.

3. Numismatic Value: The rarity, condition, and historical significance of a specific threepenny bit can greatly affect its value to collectors. Some threepenny bits from certain years or with specific minting errors can be worth more than others.

Rare threepenny coins are highly sought after, especially 1945 dated coins. These coins were struck but were supposed to have been melted down and only two coins are known to still exist. The first sold for £260 in 1970 and the second was sold in March 2020 at auction, fetching an incredible £50,000.

If you have a common, well-circulated threepenny bit, it may not have significant collectible or metal value, and it might only be worth a few pounds. Taking your collection to a professional coin grading service will help you understand the value of your coins.

Not just a piece of history, the threepence coin is coveted by collectors and coin lovers alike for its connection to the past. As with all fascinating coins, the threepence makes for a wonderful gift for friends and loved ones, especially to commemorate a special occasion like a wedding, graduation or retirement.

Our collection of coin necklaces, coin keyrings and accessories are created with unique coins that can be treasured for a lifetime. Why not choose a special one-of-a-kind coin with meaning to gift to your family and friends, celebrating who they are with a coin that’s minted with their birth year.

Alternatively, if you’re looking to own your own piece of history and want to treat yourself to a special coin, a threepence coin makes for a wonderful keepsake. Keepsake coins can be collected and passed down to future generations, coveted for their uniqueness and fascinating history. You can find out more about keepsake coins with our guide, and if you’re intrigued, discover the symbolism of coins to learn about their meaning.

The threepence coin, with its unique design, historical significance, and cultural impact, stands as a testament to numismatic history. It offers a fascinating glimpse into the evolution of currency and the way societies have conducted everyday transactions over the centuries. While it may no longer circulate as legal tender, the threepence coin remains a cherished keepsake coin, reminding us of the days when even small change had a unique charm and a story to tell.