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According to one calculation, a pound sterling in 1400 was worth 542 pounds in 1999. Inflation since 1999 makes that 820 pounds and 53 pence in 2014. A shilling was therefore worth about 41 pounds in 2014 money and a penny was worth 3.5 pounds. You can see why they divided pennies into groats.

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Q: How much was a pound worth in the 1400?

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88

90 lire was one pound

estimated 8.709954 Euros

The old British monetary system had 20 shillings to the pound and 12 pence to the shilling. So it was, alternatively, worth 1/20 of a pound, or 12d.

In current (2013) USD, £1 in 1916 is the equivalent of approximately USD $75.78 today, or £47.34.

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A pound !

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