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Before decimalization, the Kingdom of the Netherlands briefly issued some 1 rijksdaalder coins. The gold 1 and 2 ducat and silver ducat (rijksdaalder) are still minted today as bullion coins. In 1817, the first coins of the decimal currency were issued, the copper 1 cent and silver 3 guilders.
- NLG
- guilder
- guilders
- ƒ
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound.
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What was the currency system before decimalisation?
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What was the British coinage system before decimalisation?
Whilst Britain and our nearest neighbour Ireland did not convert to decimalisation until 1971, this was not the first time Britain had considered decimalisation. As far back as 1824 Parliament had considered decimalising the British currency.
The pre-decimal system of pounds, shilling and pence, with 240 pennies in the pound, had been around for centuries before the UK moved over to the decimal system with just 100 pennies in a pound just fifty years ago. The decimal system is certainly simpler than old money, but do you know just how much easier it is now?
In these days of the decimalisation of currency, it is difficult to understand the currency used in Britain before the country 'went decimal' on 15 February 1971 ("1971, year of the con"). The following chart may help to explain it.
Nov 19, 2015 · A Brief History of the Royal Mint: Pre-Decimal Coinage. By Ron Drzewucki. November 19, 2015. By Ron Drzewucki – Modern Coin Wholesale ….. Click here for Part 1. Modern Coin Wholesale's Ron...
The symbols £sd were to become a convenient abbreviation for the pre-decimal system of currency used in Britain up to 1971. £ pounds. s shillings. d pence. The £ sign developed over the years from the letter L, the initial letter of the Latin word libra meaning a pound of money.
