Before 1971, when Britain adopted a decimal currency system, financial transactions were carried out using pounds, shillings and pence. There were twelve pennies to the shilling and twenty shillings to the pound.
When researching old account books and leases (as is our wont) we sometimes have to convert old money to the new equivalents.
To cut a long story short I’ve produced a page of pre-decimal coinage equivalents and explanations.
Nice article.
It’s fascinating how,in a relatively short period of time,our financial establishment has gone through so many changes.
Hopefullyour current state of affairs changes quickly as well.
By: Mark on Wednesday March 25 2009
at 01:23:06 UTC