Old currency is returned to the banks, the banks return it to the mint or other issuing authority, where it is melted down and sometimes used for making new coins.
On the 14th of February, 1966, decimal currency was introduced in Australia and the Pounds, Shillings and Pence were progressively withdrawn. The bank notes were destroyed and the coins melted down.
In the predecimal currency, there were 20 Shillings in One Pound. Therefore there would be 200,000 Shillings in £10,000 (predecimal).
In predecimal currency, there were 480 Halfpennies in a Pound.
New Zealand's decimal currency was introduced on the 10th of July, 1967. All predecimal currency was progressively withdrawn from circulation from that date.
In predecimal currency, there were 12 Pence in a Shilling. In decimal currency, 12 Pence is 12% of a Pound (GBP).
In predecimal currency, 13 Pence was One Shilling and 1 Penny.
In predecimal currency, there has always been 20 Shillings to One Pound.
If you refer to 1 Shilling and 10 Pence (1s 10d or 1/10) in predecimal currency, it converted to 9.16 Pence in decimal currency.
The British predecimal Halfpenny, Penny, Threepence and Sixpence did not have an equivalent coin in decimal currency.
The British predecimal shilling and the predecimal shillings of all Commonwealth countries have been out of circulation for over 20 years and up to 50 years and therefore no longer have an exchange rate with any current currency. There are only four countries currently using the shilling as their major unit of currency being Kenya, Somalia, Tanzania and Uganda. See the link to Universal Currency Converter below for current exchange rates.
The British predecimal shilling and the predecimal shillings of all Commonwealth countries have been out of circulation for over 20 years and up to 50 years and therefore no longer have an exchange rate with any current currency. There are only four countries currently using the shilling as their major unit of currency being Kenya, Somalia, Tanzania and Uganda. See the link to Universal Currency Converter below for current exchange rates.
None. A Threepence represented three Pennies in the various British based predecimal currencies. There were 240 predecimal Pennies in a predecimal Pound, so there were 80 Threepences in a predecimal Pound. At the time of Britains changeover to decimal currency in 1971, the old redundant Threepence became the equivalent of 1.25 New Pence. There are 100 New Pence in the British decimal Pound.