In the British system, there are so many different denominations andnames for coins that one could easily become confused as to their relativevalues. This page hopes to clarify some of the more basic relationships.
British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the coins' designs. As of 14 October 2019, there were an estimated 29 billion coins circulating in the United Kingdom. Decimal coins are minted in copper-plated steel (previously bronze), nickel-plated steel, cupronickel and nickel-brass. The earliest coins used in the British Isles date to the 2nd century BCE, when invaders from Belgic Gaul on the other side of the English Channel brought gold staters with them. These coins resembled ancient Greek coins, bearing the likeness of Apollo on the obverse and a chariot on the reverse. The British currency is the pound sterling. The sign for the pound is GBP = Great British Pound We do not use the Euro.
The smallest denomination is a farthing. The next larger unit is a penny, or pence in the plural. Situated between these two units of currency is the most common small change coin of the colonial period, a halfpenny. Two farthings equals a halfpenny and two halfpence equal one penny.
The shilling, equal to twelve pence, becomes the common base for thelarger denominations. A crown equals five shillings. Situated between these two units is the half crown equal to two shillings and six pence. During colonial times the value of an item was often expressed in crowns.
In the Seventeenth century (less so in the Eighteenth century) the British refered to a mark. This did not represent a coin but rather it was a unit of account equal to 13s4d (160d) or two-thirds of a Unite Laurel Pound, which was valued at 20s (240d).
The next higher basic unit is the pound, in later times also called aquid, which equals twenty shillings (or four crowns). A gold sovereign is equivalent to a pound, while a gold guinea is worth one shilling more (twenty-one shillings).
Three of these denominations may be abbreviated to make the notationof monetary amounts simpler. Monopoly live wheel. Pounds may be expressed using the symbol '£'derived from the word 'libra' which is Latin for pound. Shillings areabbreviated with an 's,' (which comes from the roman coin the solidus which equalled twelve denarii) while pence are shown with a 'd' for denarius (which was a small denomination roman coin). For example, three pounds six shillings and three pence would be noted as £3 6s3d. Fractions of 1/2d and 1/4d were used to designate a halfpenny and a farthing.
The UK currency is the pound sterling (£/GBP). There are 100 pennies, or pence, to the pound. There are 100 pence (p) to the pound (£). Notes come in denominations of £5, £10, £20 and £50. Coin value - $1-3. 1 farthing 1806 (1806-1807) copper BRITANNIA / Britannia seated left GEORGIVS IIII D G REX / 1806 / Laureate head right Coin value - $3-4. George IV (1820-1830) 1 crown 1821 (1821-1822) silver 1821 / St. George slaying the dragon GEORGIUS IIII D G BRITANNIARUM REX F D / Laureate head left Coin value - $30-40.
The following chart shows the relationships in numeric form:
English Coins 1500
1 Gold Guinea = £1 1s = 21s = 252d
1 Gold Sovereign = £1 = 20s = 240d
1 Pound = £1 = 20s = 240d
1 Mark = 13s4d = 160d
1 Crown = 5s = 60d
1 Shilling = 1s = 12d
1 Sixpence = 6d
1 Threepence = 3d
1 Penny = 1d
1 Halfpence = 1/2d = 2 farthings
1 Farthing = 1/4d
See Full List On En.wikipedia.org
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|British Copper Introduction||Section Contents||British Silver Introduction|
British Coins And Their Value
English Coins Names
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