Explanation of 1960s English Money
Pound:
A pound has been the basic unit of English currency since 1817. It
came in the form of a paper note.
Shilling:
There were 20 shillings to the pound. The shilling was the workhorse
of the currency. It was used to buy food and household necessities.
Penny:
The smallest unit of currency, the plural of which was pence. There
were 12 pence to a shilling and 240 pence to a pound.
10 Quid:
A banknote worth 10 pounds 5 Quid:
A banknote worth 5 pounds Quid: A banknote worth 1 pound Ten Bob Note: A banknote worth 10 shillings Crown:
A coin worth 5 shillings or 5 bob Halfcrown:
A coin worth 2 and 1/2 shillings Florin: A coin worth 2 shillings or 2 bob Bob: A coin worth 1
shilling Tanner: A
coin worth 6 pence
Thrupence:
A coin worth 3 pence Penny: A coin worth 1 penny Ha’penny:
A
coin worth 1/2 of a penny
Other English Coins not in Circulation in
the 1960s
Guinea: a gold coin worth
one pound and one shilling, no longer in use after 1816. The slang
term for guinea was yellowboy. The guinea was used in professional
transactions. A gentleman paid his tailor in shillings, but his
barrister in guineas.
Sovereign:
a solid gold coin struck from 1817 to present. Its nominal value is
one pound. It was originally a circulating coin in the 1800s but it
is now a bullion coin worth at least the price of the gold in it,
currently $310.
Groat:
A coin worth 4 pence. It was minted from around 1300 until 1856.
Twopence: A coin worth 2 pence. It
was first minted in 1797 and from 1818 to 1820. It was withdrawn
from circulation in 1861.
Farthing:
A coin worth 1/4 of a penny. It was not used after 1960.
Half Farthing:
A coin worth 1/8 of a penny. Half farthings were first minted in
1826 for use in Ceylon but in 1842 were declared to be legal tender
in the UK. They were demonetized in 1870.
Third Farthing: A coin worth 1/12 of a
penny. Third farthing coins were first minted in 1827 for use in
Malta but they are considered to be part of British coinage as Malta
was considered to be part of Britain and not a colony. The last
minting was in 1913.
Quarter Farthing: A coin worth
1/16 of a penny. It was first minted in 1839 for Ceylon but is
considered to be part of British coinage because there was no
indication on the coin of what country it was minted for. It was
last minted in 1853. In 2017 values, the quarter farthing would have a
purchasing power of between 3p and 4p (4 to 5 USA cents).
