The British 1932 Penny was made of bronze and symbolized the economic struggles of the early 1930s. In 1932, the Great Depression was impacting global economies, and Britain was no exception. The British 1932 Penny was a vital part of daily transactions during this difficult period, as Britain worked to stabilize its economy.
Politically, the British 1932 Penny was minted during the reign of King George V, a time of rising political tensions, particularly with the growing popularity of Labour and trade unions. The coins design, featuring the image of Britannia on the reverse, reflected a strong national identity in the face of economic uncertainty.