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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
An Act for railing the Sum of One million two hundred and sixteen thousand six hundred and sixty six Pounds Thirteen Shillings and Four pence Irish Currency, by Treasury Bills, for the Service of Ireland for the Year One thousand eight hundred and twelve. (Repealed by Statute Law Revision Act 1873 (36 & 37 Vict. c. 91))
An old value of 7 pounds, 10 shillings, and sixpence, abbreviated £7-10-6 or £7:10s:6d. became £7.52 1 / 2 p. Amounts with a number of old pence which was not 0 or 6 did not convert into a round number of new pence. The Irish pound had the same £sd currency structure, and the same decimalisation was carried out.
The British pre-decimal penny was a denomination of sterling coinage worth 1 ⁄ 240 of one pound or 1 ⁄ 12 of one shilling.Its symbol was d, from the Roman denarius.It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling.
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4]
£sd (occasionally written Lsd, spoken as "pounds, shillings and pence" or pronounced / ɛ l. ɛ s ˈ d iː / ell-ess-DEE), is the popular name for the pre-decimal currencies once common throughout Europe.
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".
Carolingian denarius (Denier) The Carolingian monetary system, also called the Carolingian coinage system [1] or just the Carolingian system, [2] was a currency structure introduced by Charlemagne in the late 8th century as part of a major reform, the effects of which subsequently dominated much of Europe, including Britain, for centuries.