There were 12 Pennies in a Shilling, and 20 Shillings in a Pound.
A shilling at time of decimalisation was worth 5p
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Under pre-decimal currency in the UK, a shilling was worth twelve pence, and a sixpence worth six pence. The UK adopted decimal currency in 1971.
A Threepence represents three pennies. There are twelve pennies in a Shilling, so there are four Threepences in a Shilling.
There have always been 12 Pence to the Shilling since the Shilling was first introduced.
In 1802, a shilling was worth 12 pence in British currency. This was part of the pre-decimal system where there were 20 shillings in a pound. Therefore, a shilling was equivalent to 1/20th of a pound. The value of a shilling in terms of purchasing power would have varied depending on the economic conditions of the time.