I have been watching Coronation Street for as long as I can remember, but I still haven't figured out yet what a shilling is?
In Canada, we use the following currency:
1 dollar = 100 cents dollar coin is called a 'loonie'
2 dollar coin is called a twonie
1 quarter = 25 cents
1 dime = 10 cents
1 nickel = 5 cents
1 penny = 1 cent
we also have a 50 cent piece, but it is rare
we have 5, 10, 20, 50 and 100 dollar bills
what is a sovereign?, a shilling? do you still use ha'penny?
how is a pound broken down? are you folks moving to metric?
2006-10-01 05:43:46 · 12 answers · asked by soobee 4 in Business & Finance ➔ Other - Business & Finance
Prior to 1970, the UK used the pounds/shillings/pence system. I will try to explain the popular names for the coins of the era:
12 pence = 1 shilling
240 pence = 20 shillings = 1 pound
1 crown = 5 shillings = 1/4 pound
1 florin = 2 shillings
1 half crown = 2 1/2 shillings
1 farthing = 1/4 penny
1 sovereign = a gold coin with a face value of one pound (about .24 ounces of 22 carat gold)
Since 1970, 100 (new) pence = 1 pound.
2006-10-01 12:26:29 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
In the old system of money made redundant in 1971 there were 12 pennies or pence in a shilling and 20 shillings in a pound. A ha'penny (pronouced hape nee) was half a penny. A sovereign was an old gold coin worth a pound - long extinct even before Coronation street started.
In 1971 the pound was split into 100 new pence (now called just pence).
Today we have the following coins:
1,2,5,10,20,50,pence and 1 and 2 pound coins.
We also have 5, 10, 20 and 50 pound notes although I rarely see a £50 one. The Queen's head is on all the coins and all the notes. In fact a 10p coin is almost the same size and colour as a Canadian quarter and the similar picture of the Queen on both coins makes them easy to confuse.
2006-10-01 06:02:18 · answer #2 · answered by alan P 7 · 0⤊ 0⤋
Hi, we do not use sovereigns, shillings or ha'pennys anymore. We have:
1 pound = 100 pennies, 1 pound is also called a quid
2 pound coin, brought in very recently
50 pence = 50 pennies
20 pence = 20 pennies
10 pence = 10 pennies
5 pence = 5 pennies
1 pence = 1 penny
We also have 5, 10, 20, 50 and maybe 100 pound notes. I am not rich enough to have seen a 100 pound note but I believe they exist.
All the denominations like 50 pence are also called 50 "p".
I also watch Coronation Street, I don't know if you are watching very old episodes, but they use these denominations now, as does all of Britain.
2006-10-01 05:49:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
1 pound is broken down into 100 pence, a shilling is english old money and is now 5 pence. We have been metric since the early seventies
2006-10-01 05:46:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A shilling was 1/20th of a pound coin. It was took out of circulation in 1971.
2006-10-01 05:46:07 · answer #5 · answered by uk_lad_2003 3 · 0⤊ 0⤋
How old is the Coronation Street you're watching. We went metric in the 70's Its now pence and pounds. 100 pence in the pound!
2006-10-01 05:47:56 · answer #6 · answered by sarkyastic31 4 · 0⤊ 0⤋
A shilling is 5p, a quid is £1, fiver is £5..
..we only use the name shilling because it's traditional. That's all.
2006-10-01 05:53:55 · answer #7 · answered by Moorglademover 6 · 0⤊ 0⤋
A shilling is the old LSD currency and is equal to five new pence.
2006-10-01 05:45:34 · answer #8 · answered by tonytucks 3 · 0⤊ 0⤋
Lmao........do you also think Borat is true to life?
Watching Coranation Street to learn anything about England is like watching Tellitubies to learn to speak French !
2006-10-01 05:55:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
its old money from back in the day, we dont use it anymore. Old people use it in sayings like "i havnt got a shilling to my name" in other words they are "skint" or got no money.
2006-10-01 05:48:34 · answer #10 · answered by Michael W 2 · 0⤊ 0⤋