As We Buy and sell Pre-decimal coins every day and are always getting ask questions about our old money.
So here is a page to answer some of the most popular questions.
Pre-decimal money was based on the following;
12 pennies (d) to 1 shilling,
20 shillings to the pound (£)
so in turn there was 240 pennies (d) in the pound.
Pre-decimal currency was sometimes called LSD, which was written £-s-d. The pound symbol is an ornate L, from the Latin 'libra' - a pound. The penny symbol was 'd' for denarius, a Roman coin.
|L.S.D. (pounds, shillings and pence)||Decimal Equivalent|
|Farthing (quarter of an old penny)||10 per 1 p|
|Ha'penny (half an old penny)||5 per 1 p|
|Penny||2 and a half per 1 p|
|Thruppence (threepenny bit)||Slightly over 1 p|
|Sixpence (tanner)||2.5 p|
|Shilling (bob)||5 p|
|Florin (two bob)||10 p|
|Half crown||12.5 p|
|Ten Shilling Note (ten bob note)||50 p|
|£1 Note||100 p|
Slang for British Money
Some pre-decimalisation coins or denominations became commonly known by slang terms, perhaps the most well known being bob for a shilling, and quid for a pound. A farthing was a mag, a silver threepence was a joey and the later aluminium-bronze threepence was called a threepenny bit (pronounced threp'ny bit), a sixpence was a tanner , the two-shilling coin or florin was a two-bob bit, and the two shillings and sixpence coin or half-crown was a half dollar.
|tanner||sixpence - pre decimalisation|
|bob||a shilling - pre decimalisation|
|Oxford||5 shillings or a crown [cockney rhyming slang = Oxford Scholar]|
|nicker or quid||£1|
|lady||£5 (fiver). [cockney rhyming slang = Lady Godiva]|
|score||£20 [cockney rhyming slang = apple core ]|