Pre decimal money

Pounds, Shillings and Pence

Most of you have probably heard your grandparents talk about pounds, shillings and pence without having any real understanding of what they were going on about. You may also have heard of exotic sounding coins like the 'tanner', the 'bob' and the 'half-crown'.

The old currency system, based on pounds, shillings and pence, was phased out in Britain and the Irish Republic in the early 1970s, following the adoption of decimal currency in February 1971.

Under the old system there were 12 pence (d) to the shilling and twenty shillings or 240d to the pound.
The old system of currency: -

12d=ls

(12 pence equals one shilling (1/-)

20s=£l

(20 shillings (20/-) equals one pound)

Therefore

240d=£l/-/-

The Present System

100p=£1.00

Therefore

100p=240d

lp=2.4d

5p=l/-

Conversion Table

5p=l/-

30p=6/-

55p=ll/-

80p=16/-


10p=2/-

35p=7/-

60p=12/-

85p=17/-

15p=3/-

40p=8/-

65p=13/-

90p=18/-

20p=4/-

45p=9/-

70p=14/-

95p=19/-

25p=5/-

50p=10/-

75p=15/-

l00p=£l/-/-
The main coins that were used were as follows: -

Coin

Old Value

New Value

Comments

Farthing

¼d

0.1p

Phased out in early 1960s

Half-penny

½d

0.2p

 

Penny

1d

0.4p

 

Three-penny

3d

1.25p

 

Groat

4d

1.7p

Phased out in 19th Century

Sixpence (or tanner)

6d

2.5p

 

Shilling (or bob)

1s

5p

 

Florin or two shilling piece

2s

10p

 

Half-crown (or half-dollar)

2s 6d

12.5p

 

Double-florin

4s

20p

Phased out in 19th Century

Crown (or dollar)

5s

25p

(Rarely found in change)

Half-Sovereign

10s

50p

Replaced by ten shilling note

Sovereign

20s or £1

100p

Replaced by pound note

Guinea

21s

105p

(Rarely found in change)

If you would like to see what the coins actually looked like then follow this link:

http://www.bignell.uk.com/up_to_dec.htm

Thanks to Staffs.ac.uk for the above information.