Penny,Numismatic and Other Details

Penny Black : A British stamp first produced in 1840. It cost one penny and had a picture of Queen Victoria on it. Because it was the first stamp in the world there was no need to print the word ‘Britain’ on it, and even today British stamps do not have the country’s name on them. Penny Blacks are now quite rare and highly valued.
Penny: - senses 1 and 2, pennies are used to refer to the coins, and pence to refer to an amount of money. In sense 3, the plural is pennies.
A small British coin and unit of money. There are 100 pence in one pound (£1):He had a few pennies in his pocket. Ç That will be 45 pence, please. Ç They cost 20p each.
A British coin in use until 1971. There were twelve pennies in one shilling.
Numismatics: - the study of coins and medals
Numismatist: - person who collects or studies coins or medals.
Philatelist: - a person who collects or studies stamps.
Philately: - the collection and study of stamps.

The East India Company
An English company started in 1600 to develop trade in the East Indies (= the islands off the south-east coast of Asia, including Java and Borneo). By the 18th century it had its own army and political service, and was responsible for the administration of parts of India. In the early 19th century the company founded the modern Singapore, which became a British colony in 1826. The East India Company continued to increase its power in India, but after the Indian Mutiny in 1858 the British government took over its work there, and the company ceased to exist.