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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.

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16y ago

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What happened to Australian predecimal currency?

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of February, 1966, decimal currency was introduced in Australia and the Pounds, Shillings and Pence were progressively withdrawn.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.


How many shillings is 10000 Pounds?

In the predecimal currency, there were 20 Shillings in One Pound. Therefore there would be 200,000 Shillings in £10,000 (predecimal).


How much were halfpennies in pounds?

In predecimal currency, there were 480 Halfpennies in a Pound.


When were New Zealand Pennies withdrawn from circulation?

New Zealand's decimal currency was introduced on the 10th of July, 1967. All predecimal currency was progressively withdrawn from circulation from that date.


What do twelve pence make?

In predecimal currency, there were 12 Pence in a Shilling. In decimal currency, 12 Pence is 12% of a Pound (GBP).


How much is 13 pence in shilling?

In predecimal currency, 13 Pence was One Shilling and 1 Penny.


How can you transfer a pound to shillings from the 1930s?

In predecimal currency, there has always been 20 Shillings to One Pound.


How much is 1 and ten pence in British currency?

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.


What two coins do not have an equivalent?

The British predecimal Halfpenny, Penny, Threepence and Sixpence did not have an equivalent coin in decimal currency.


How much is a shilling worth in US dollars?

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.


How much is a dollar worth in a shilling?

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.


How many threepence equal a dollar?

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.