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Prior to decimalization in 1971 Britain used a system of pounds, shillings and pence. (âÂŁsdâ or âLSDâ). The smallest unit of currency was a penny, the plural of which was pence (or pennies). There were 12 pence in a shilling and 20 shillings in a pound. The pound came in the form of a paper bill, called a note, or a gold coin, called a sovereign.
1 farthing (the lowest value coin) = 1/4 pennyA haâpenny (Half penny â a copper coin) = 1/2 penny (pronounced âheipniâ)1 penny (a copper coin) = one of the basic units (1d)Threepence or Thruppenny Bit = 3 pence (pronounced âthrupenceâ)Sixpence (a silver coin also called a âtannerâ) = 6 pence1 shilling = 12 pence (1s)1 florin (a silver coin that numismatists regard as one of the most beautiful medieval English coins) = 2 shillingsA half-crown = 2 shillings and 6 pence1 crown = 5 shillings = 1/4 pound1 pound = 20 shillings = 240 pence (ÂŁ1)1 sovereign = a gold coin with a face value of one pound (about .24 ounces of 22 carat gold)
A âbobâ is slang for a shilling and âquidâ for a pound.
For those of you wondering:
Prior to decimalization in 1971 Britain used a system of pounds, shillings and pence. (âÂŁsdâ or âLSDâ). The smallest unit of currency was a penny, the plural of which was pence (or pennies). There were 12 pence in a shilling and 20 shillings in a pound. The pound came in the form of a paper bill, called a note, or a gold coin, called a sovereign.
1 farthing (the lowest value coin) = 1/4 pennyA haâpenny (Half penny â a copper coin) = 1/2 penny (pronounced âheipniâ)1 penny (a copper coin) = one of the basic units (1d)Threepence or Thruppenny Bit = 3 pence (pronounced âthrupenceâ)Sixpence (a silver coin also called a âtannerâ) = 6 pence1 shilling = 12 pence (1s)1 florin (a silver coin that numismatists regard as one of the most beautiful medieval English coins) = 2 shillingsA half-crown = 2 shillings and 6 pence1 crown = 5 shillings = 1/4 pound1 pound = 20 shillings = 240 pence (ÂŁ1)1 sovereign = a gold coin with a face value of one pound (about .24 ounces of 22 carat gold)
A âbobâ is slang for a shilling and âquidâ for a pound.