"<a href=""https://www.youtube.com/watch?v=rssBd3fX8fw&amp;t=0m56s"">0:56</a> "the face value is a penny"<br>Is it though? One penny is of course the value written on the face", however that's 1 pre-decimal penny (1/240th of a pound). Obviously that's not legal tender, but the Bank of England will accept these coins for "face value" but I presume you actually get 0.41666... pence because that's what the "face value" value is in today's money.