What was the currency in the Victorians?

Answer 1

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.