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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.

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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


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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).


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