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Pounds, shillings and pence

One pound equalled 20 shillings (20/-)

One shilling was 12 pennnies or pence (12d)

The format for writing and amount was this: if you had 5 pounds, 14 shillings and 7 pence, you would write L5/14/7 or L5/14s/7d (where the L would be the pound symbol which is a script L with one or two horizontal lines through it, like the vertical line or lines through the S to represent a dollar).

The letter symbols for pounds shillings and pence (L, s and d) stood for the old Roman Libra (a pound), sestertius (a Roman coin) and denarius (another Roman coin).

The pound originated in Saxon times when it was a literal pound of silver in the form of a rod which could be cut into 240 slices, each of which weighed a pennyweight and were then struck as coins to make silver pennies. The silver penny survived up to the middle of the 17th century when it was replaced by a copper coin (actually a bronze alloy of high copper content).

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