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The currency of England was unchanged from the middle ages until decimalisation in 1971. The currency was pounds, shillings and pence.
4 farthings = 1 penny (1d = 4 x ¼d)
12 pence = 1 shilling (1/- = 12d)
20 shillings = one pound (£1 = 20/-)
That gave £1 = 960 Farthings.
The farthing was abolished before decimalisation as its value had become so low.
There was also an alternative top-level unit, the guinea.
1 Guinea = 21 shillings. Large amounts were sometimes quoted in Guineas instead of pounds
Examples of how amounts were written:
2½d = Two and a half pence, pronounced: "Tuppence Ha'penny".
6d = Sixpence = half of a shilling.
10/- = 10 shillings
10/6 = 10 shillings and six pence
£5/7/6 = 5 pounds, 7 shillings and sixpence.
Since 1971, £1 = 100p (pence). The pound was unchanged by decimalisation, but its value has significantly decreased because of inflation.
Dagmar Bergstrom
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