By Patricia, Emily and Kelly

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Presentation transcript:

By Patricia, Emily and Kelly MONEY, MONEY,MONEY By Patricia, Emily and Kelly

2 Farthings Two farthings= 1 half penny It phased out in early 1960s The penny was further subdivided Into 2 half pennies or four farthings (quarter pennies) The farthing = to a quarter of a penny, hence of the penny-farthing bicycle

Shilling Shilling= 12 pence(12d). 240 pennies= (240d) 1 pound. A shilling frequently called “bob" (origin unknown). This was the lowest value coin to survive decimalisation, before being placed by a smaller 5 pence piece.

Guineas 1 Guinea was 21 shillings- that’s 1 pound and 1 shilling. There was no guinea coins, but you might still find bills in guineas from solicitors, accountants and other professionals and if you are on holiday you might have to settle your hotel bill in guineas. It was a way of sounding posh and also making a bill seem a little bit smaller than it actually was.- a bit like £9.99 instead of £10!

Today's present system 100p=£1.00 Therefore 100p=240d 1p=2.4d 5p=1/-