One pence is a unit of currency in the British pound system, representing one-hundredth of a pound. It is often denoted by the symbol "p" and is used in everyday transactions in the United Kingdom. The coin itself is made of copper-plated steel and features the image of Queen Elizabeth II on one side, while the reverse side displays a design that varies depending on the year of minting. The one pence coin is commonly used for small purchases, such as snacks or newspapers. Although its value is low, it plays a role in the overall economy by facilitating cash transactions. In recent years, the use of one pence coins has declined due to the rise of digital payments and inflation.