About: Fourpence (British coin)
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The British fourpence coin, sometimes known as a groat (from Dutch grootpennig = "big penny") or fourpenny bit, was a denomination of sterling coinage worth 1/60 of one pound or 1/3 of one shilling. The coin was also known as a joey after the MP Joseph Hume, who spoke in favour of its introduction. It was a revival of the pre-Union coin. Before Decimal Day in 1971, sterling used the Carolingian monetary system, under which the largest unit was a pound divided into 20 shillings, each of 12 pence.
