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How many old pennies in a 1.00?

Updated: 9/15/2023
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15y ago

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You didn't specify what "1.00" refers to, so I added your question to British Coins and Australian Coins because those would be the two major countries that would probably fit.

In the old British system, £1 sterling equalled 240 pence. When the decimal pound was adopted during the period 1968-71, old pennies were replaced with "new pence" worth 2.4 times as much, so there would be 100 new pennies in a pound. (FWIW, in 1982 the word "new" was dropped).

The old Australian system was similar, but Australia decided to create a new currency, the Australian Dollar (A$) at the rate of A£1 = A$2; the dollar is divided into 100 cents. That is, 1 Australian dollar was worth half a pound or 120 old pennies. That meant that an Australian cent was worth 1.2 old pennies at the time of conversion.

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15y ago
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Q: How many old pennies in a 1.00?
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