At one time the United Kingdom had half and third farthings, farthings, halfpennies, and pennies. As inflationary pressures mounted the lowest of these denominations became non-functional and eventually were discontinued.
The third farthing was initially issued for circulation on Malta
Could the credit card be making the British penny irrelevant? According to a Bank of England analysis of the lowly denomination, the answer is yes.
The bank also noted there has also been a decline in the number of items priced ending in 99 pence.
Bank of England economists recently released a statement reading, “As inflation steadily erodes the purchasing power of low denomination coinage, the case for its removal becomes stronger