There were 240 old Pence in an old Pound.
12 Pence to the Shilling, 20 Shillings to the Pound.
50 pence was equal to 10 shillings in the pre-decimal currency. When Britain was on the gold standard, it was equal to a half-sovereign, a small gold coin equal to half of a pound (or 10 shillings since there were 20 shillings in the pound). After the end of the gold standard, it was largely replaced with the 10 shilling note until decimalisation when it was replaced with the 50p coin.
Depends on the country In United Kingdom there was a farthing - a quarter of a penny - up to the first half of last century. As there were 240 pennies to a pound, there were 960 farthings. They had a picture of a wren bird on the back
Before the Euro, Italians used the Lira.
It is not known. Homer may not even have existed.
Old is to ancient as new is to current. Other words for old include retro, vintage, aged, and used. Other words for new include fresh and unused.
240 pennies in an old pound
PENCE
360 "old" pence was equivalent to £1/10/-, or One Pound, Ten Shillings. At decimalisation, One Pound became 100 "New" Pence and Ten Shillings became 50 "New" Pence. 360 "old" Pence converted to 150 "New" Pence or £1.50 in decimal currency.
old pence in the pound
shilling 1/20 of a pound 12 pence = 1 shilling 240 pence = 1 pound
The Sovereign face value = 1 Pound or 20 Shillings - now 1 Pound The Half-Sovereign face value = 10 Shillings - now 50 Pence The old Crown of Five Shillings = 25 Pence The Halfcrown = 12.5 Pence The Florin of Two Shillings = 10 Pence The Shilling = 5 Pence The Sixpence = 2.5 Pence The Threepence = 1.25 Pence The old Penny = 0.416 Pence The old Halfpenny = 0.208 Pence The Farthing = 0.104 Pence
Before the British currency reform, there were 12 pence in a shilling, and 20 shillings in a pound, so there were 240 pence in a pound. That system was dropped in 1971, when the UK converted to "new pence" (worth 2.4 old pence), making 100 new pence per pound. The shilling was replaced with a 5 new pence coin (worth the same amount as the former shilling, 1/20th of a pound).
In the old currency, there were 12 Pence in a Shilling and 20 Shillings in a Pound. At Britains conversion to decimal, One Pound changed from One Pound of 240 (old) Pence, to One Pound of 100 (new) Pence. Ten Shillings became 50 New Pence Two Shillings became 10 New Pence One Shilling became 5 New Pence Later on, two further coins were introduced - 25 (New) Pence was the equivalent of the old Crown (Five Shillings) 20 (New) Pence was equivalent to 4 Shillings. There was no new decimal coin for the other old denominations. A Halfcrown converted to 12.5 New Pence Sixpence converted to 2.5 New Pence Threepence converted to 1.25 New Pence One old Penny converted to 0.416 New Pence One old Halfpenny converted to 0.208 New Pence
240 Old Pence in the pound
A dinarius (abbreviation = d) is the basic unit of Romano currency which was referred to in the UK as 'pence' (NOT NEW Pence) which was short for pennies. NEW Pence was a change in UK currency in 1971 that transformed the system of basic monetary unit to NEW Pence (p) of which there are 100p to the decimal Pound. The old unit of penny (pence) was transformed into the new currency by a factor of x2.4 making the old Pound of 240d into a NEW Pound of 100p.
A 12 pence coin does not exist, but in old British money 12 pence equalled 1 Shilling and 20 Shillings equalled 1 Pound (£).
In the old currency, One Guinea was equal to 21 Shillings or One Pound and One Shilling. In the new currency, One Guinea is equal to One Pound and Five Pence.