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Converts the pre-1971 subunits of the pound sterling to its modern decimal subunits. Also supports conversion of guineas (21 shillings) and marks (13s 4d; or 160d); if the main units (pounds, shillings, and pence), guineas, and marks are all used at once it returns the (decimalised) sum of all units.
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2/14/5
A sampler in the Guildhall Museum of Rochester illustrates the conversion between pence and shillings and shillings and pounds. Old till in Ireland, with "shortcut" keys in various £sd denominations (lower numbers) and their "new pence" equivalent (upper numbers) Toy coin, which teaches children the value of a shilling
A British gold sovereign with a face value of £1. Prior to decimalisation on 15 February 1971, £1 was made up of 240 pence.. A non-decimal currency is a currency that has sub-units that are a non-decimal fraction of the main unit, i.e. the number of sub-units in a main unit is not a power of 10.
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Amounts over a pound are normally spoken thus: "five pounds forty". A value with less than ten pence over the pound is sometimes spoken like this: "one pound and a penny", "three pounds and fourpence". The slang term "bit" has almost disappeared from use completely, although in Scotland a fifty pence is sometimes referred to as a "ten bob bit".