For those still left wondering, here's a definitive outline of the predecimalization British monetary system:
Pre 1971 12d = 1/ 20/ = 1 Pound  
Post 1971 100p = 1 Pound 
1/4d x 2 = Two farthings = One Ha'penny  
1/2d x 2 = Two Ha'pennies = One Penny = In 1971 1d became 1/2p (2.4d = 1 New penny)  
1d x 3 = Three pennies Or A Thru'penny Bit  
3d x 2 = Two Thrupences = A Sixpence = A "Tanner". In 1971 6d became 2 1/2p "Two and a Half Pence"  
6d x 2 = Two Sixpences = One Shilling or "Bob." In 1971 1/ became 5p  
2/ = Two Bob = A Florin. In 1971 2/ became 10p  
2/6d = One Florin and One Sixpence = Half a Crown= "Arf a Dollar" In 1971 2/6d became 12 1/2p  
2/6d x 4 = Four Half Crowns = Ten Bob Note = gave way to the 50p Bit  
10/ x 2 = Two Ten Bob Notes = One Pound (or 240 pennies). One Pound still equaled one pound in 1971  
1/1/0d = One Pound and One Shilling = One Guinea (occasionally still used in auctions = One Pound Five pence) 
Remember, the British resisted decimalized currency for many years because a change was too complex.
You might like to know that the Florin (or 2 Shilling Piece) was introduced in Victorian times as part of an early plan for decimalization.
In the old LSD system, there were 20 shillings in a pound, so that means there would be 10 florins. The idea was that the Farthing or 1/4 penny, of which there are 96 in a florin; would be devalued slightly (and possibly renamed as cents) so that there would be 100 of them in a Florin and 1000 of them in a pound.
The basis of the currency would have been: 1 Pound = 10 Florins and 1 Florin = 100 Farthings/Cents.
This didn't happen and hence the current unpopularity of the idea of adopting the Euro in the UK.
 Many thanks to Steven and Colin, who contributed to the information used on this page.
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Revised: Tuesday, September 07, 2004 03:54:48 AM 