The Irish Free State (Saorstát Éireann) introduced its own currency, the Free State pound, in 1928, pegged 1:1 to sterling. The currency was based on a gold standard and used the £sd system, featuring distinctive coins and notes. Eight denominations were issued, with coins resembling British ones but thicker. While sterling remained widely accepted, Irish coins had limited recognition in the UK. A notable 1966 commemorative coin featured a Gaelic harp and a hare, reflecting Ireland’s agricultural history, making it appealing for collectors.
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