Posted by: John Colby | Saturday September 20 2008

Old Money

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.

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Responses

  1. 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.


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