History UsefulNotes / OldBritishMoney

15th Jan '16 2:15:08 PM Anddrix
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If you made it through all that, you have [[ViewersAreMorons probably]] already realized that this is [[IThoughtItMeant not to be confused with]] the ''other'' kind of [[BlueBlood Old Money]], the opposite of the NouveauRiche.
to:
If you made it through all that, you have [[ViewersAreMorons probably]] probably already realized that this is [[IThoughtItMeant not to be confused with]] the ''other'' kind of [[BlueBlood Old Money]], the opposite of the NouveauRiche.
14th Jan '16 5:12:22 PM karstovich2
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This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar, namely $4 to the pound. As an interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]]Which is still the Quebec French nickname for a Canadian cent. Also, because at an exchange rate of $4 to £1, $0.25 was ''exactly'' 15 pence (because when $4=£1, then $1=5s=60d, so $0.25=15d), French-speakers in Quebec came to call the ubiquitous American quarter dollars ''trente sous'' ("thirty sous"), and the nickname has stuck for subsequent Canadian and American 25-cent pieces, even though the word ''sou'' came to mean "cent" in other contexts.[[/note]] after a similarly low-valued French coin. However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
to:
This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar, namely $4 to the pound. As an interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]]Which is still the Quebec French nickname for a Canadian cent. Also, because at an exchange rate of $4 to £1, $0.25 was ''exactly'' 15 pence (because when $4=£1, then $1=5s=60d, so $0.25=15d), French-speakers in Quebec came to call the ubiquitous American quarter dollars ''trente sous'' ("thirty sous"), and the nickname has stuck for subsequent Canadian and American 25-cent pieces, even though the word ''sou'' came to mean "cent" in other contexts.[[/note]] after a similarly low-valued French coin. However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took used a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
13th Dec '15 1:21:01 PM moloch
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* £20 – purple – DanielOConnell
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* £20 – purple – DanielOConnellDaniel O'Connell

On New Year's Day 2003, the Irish pound was replaced by the {{euro}} (issued as 1, 2, 5, 10, 20, 50 cent, €1 and €2 coins, and notes of €5, €10, €20, €50, €100, €200 and €500 (the last three note denominations are rarely circulated).
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On New Year's Day 2003, the Irish pound was replaced by the {{euro}} [[UsefulNotes/TheEuropeanUnion Euro]] (issued as 1, 2, 5, 10, 20, 50 cent, €1 and €2 coins, and notes of €5, €10, €20, €50, €100, €200 and €500 (the last three note denominations are rarely circulated).
2nd Sep '15 7:52:18 AM Bisected8
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** £1 – Round, golden coloured and slightly fatter than other coins. Has milled indentations and the Latin phrase DECUS ET TUTAMEN ('An ornament and a safeguard') around the edge. The phrase refers to this 'milling', those little grooves on the edges of coins. Milling coins was introduced by then-Royal Mint director Sir IsaacNewton as both a decoration and as a defence against the then-common practice of 'clipping'[[note]](carefully shaving off bits of precious metal from the edges of coins, keeping the shavings, and passing off the clipped coin as full value. Milling a coin makes it easy to spot if it has been clipped. Clipping was not only bad because it was dishonest, but because it debased the currency, which eventually led to unwanted inflation)[[/note]]. Welsh-design coins use a different phrase, the Welsh PLEIDIOL WYF I'M GWLAD ('True am I to my country'); Scottish-design coins the Latin NEMO ME IMPUNE LACESSIT ('No-one provokes me with impunity')[[note]](the motto of the [[KnightFever Order of the Thistle]], as well as three extant and several defunct Scottish regiments, as well as Canadian and South African regiments of Scottish descent. The use of the motto caused some fuss as some Scots were angry it [[SeriousBusiness used Latin rather that the Gaelic "Cha togar m' fhearg gun dμoladh"]]. That’s right; not only does Scottish coinage carry a BadassBoast, but some people were sufficiently badass to [[ViolentGlaswegian scrap over what language it carried this boast in]])[[/note]]. The reverse design varies from year to year, with some designs being reused. Commonly-used designs are the coats of arms of the UK nations and their national plants. *** In 2017, the pound coin is to be replaced by a dodecagonal design "inspired" by the pre-decimal thrupenny bit, to be bimetallic like the £2 coin with a "silver" centre and "gold" ring. It is claimed that this will be more difficult to forge, with as many as 3% of pound coins in circulation allegedly being forgeries.
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** £1 – Round, golden coloured and slightly fatter than other coins. Has milled indentations and the Latin phrase DECUS ET TUTAMEN ('An ornament and a safeguard') around the edge. The phrase refers to this 'milling', those little grooves on the edges of coins. Milling coins was introduced by then-Royal Mint director Sir IsaacNewton as both a decoration and as a defence against the then-common practice of 'clipping'[[note]](carefully shaving off bits of precious metal from the edges of coins, keeping the shavings, and passing off the clipped coin as full value. Milling a coin makes it easy to spot if it has been clipped. Clipping was not only bad because it was dishonest, but because it debased the currency, which eventually led to unwanted inflation)[[/note]]. Welsh-design coins use a different phrase, the Welsh PLEIDIOL WYF I'M GWLAD ('True am I to my country'); Scottish-design coins the Latin NEMO ME IMPUNE LACESSIT ('No-one provokes me with impunity')[[note]](the motto of the [[KnightFever Order of the Thistle]], as well as three extant and several defunct Scottish regiments, as well as Canadian and South African regiments of Scottish descent. The use of the motto caused some fuss as some Scots were angry it [[SeriousBusiness used Latin rather that the Gaelic "Cha togar m' fhearg gun dμoladh"]]. That’s right; not only does Scottish coinage carry a BadassBoast, but some people were sufficiently badass to [[ViolentGlaswegian scrap over what language it carried this boast in]])[[/note]]. The reverse design varies from year to year, with some designs being reused. Commonly-used designs are the coats of arms of the UK nations and their national plants. \n*** In 2017, the pound coin is to be replaced by a dodecagonal design "inspired" by the pre-decimal thrupenny bit, to be bimetallic like the £2 coin with a "silver" centre and "gold" ring. It is claimed that this will be more difficult to forge, with as many as 3% of pound coins in circulation allegedly being forgeries.

** £5 – Usually commemorative issues, legal tender but not in general circulation. Occasionally the introduction of a regular £5 coin is proposed, but so far there isn't one.
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** £5 – Usually commemorative issues, issues. They're legal tender but not in general circulation.circulation and unlikely to be accepted as payment. Occasionally the introduction of a regular £5 coin is proposed, but so far there isn't one.

** £20 – Purple ink with a portrait of: Creator/WilliamShakespeare (1970-1993); Michael Faraday, scientist (1991-2001); Music/EdwardElgar (1999-2010); Adam Smith, father of modern economics and [[AdamSmithHatesYourGuts hater of gamers' guts]] (2007- ). This tends to be the largest denomination anyone will bother with. It is also the largest you'll normally get from an ATM.
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** £20 – Purple ink with a portrait of: Creator/WilliamShakespeare (1970-1993); Michael Faraday, scientist (1991-2001); Music/EdwardElgar (1999-2010); Adam Smith, father of modern economics and [[AdamSmithHatesYourGuts hater of gamers' guts]] (2007- ). This tends to be the largest denomination anyone will bother with. It is also the largest you'll normally get from an ATM. Following from £5 and £10 notes, they will be plastic from 2020 onwards.
17th Jun '15 5:46:40 AM Prfnoff
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** It should also be noted that Scotland still has a few £1 notes in circulation, and has its own note designs, several for each denomination. (The three big Scottish banks – Bank of Scotland, Royal Bank of Scotland, and Clydesdale Bank – are all entitled to issue notes under Scots law. The Bank of Scotland notes have pictures of Sir WalterScott, who petitioned for Scotland to keep its banknotes in 1826.)
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** It should also be noted that Scotland still has a few £1 notes in circulation, and has its own note designs, several for each denomination. (The three big Scottish banks – Bank of Scotland, Royal Bank of Scotland, and Clydesdale Bank – are all entitled to issue notes under Scots law. The Bank of Scotland notes have pictures of Sir WalterScott, Creator/WalterScott, who petitioned for Scotland to keep its banknotes in 1826.)
17th May '15 6:21:58 PM karstovich2
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The Irish decimal pound was introduced in 1971, with ½ p, 1p, 2p, 5p, 10p and 50p coins. The ha'penny was withdrawn in 1985, and the 20p issued in 1986. Notes were £1 (featuring the legendary Queen Medb), £5 (John Scotus), £10 (Creator/JonathanSwift), £20 (Creator/WilliamButlerYeats), £50 (Turlough O'Carolan). The old £100 bill remained in circulation.
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The Irish decimal pound was introduced in 1971, with ½ p, 1p, 2p, 5p, 10p and 50p coins. The ha'penny was withdrawn in 1985, and the 20p issued in 1986. Notes were £1 (featuring the legendary Queen Medb), £5 (John Scotus), Scotus Eirugena), £10 (Creator/JonathanSwift), £20 (Creator/WilliamButlerYeats), £50 (Turlough O'Carolan). The old £100 bill note remained in circulation.
17th May '15 6:02:24 PM karstovich2
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This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar (interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]]Which is still the Quebec French nickname for a Canadian cent. Because the ha'penny was worth slightly less than the cent, some French-speaking Quebecois are liable to call a 25-cent piece ''trente sous'' (thirty ''sou''s).[[/note]]) after a similarly low-valued French coin. However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
to:
This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar (interesting dollar, namely $4 to the pound. As an interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]]Which is still the Quebec French nickname for a Canadian cent. Because the ha'penny Also, because at an exchange rate of $4 to £1, $0.25 was worth slightly less than the cent, some French-speaking Quebecois are liable ''exactly'' 15 pence (because when $4=£1, then $1=5s=60d, so $0.25=15d), French-speakers in Quebec came to call a 25-cent piece the ubiquitous American quarter dollars ''trente sous'' (thirty ''sou''s).[[/note]]) ("thirty sous"), and the nickname has stuck for subsequent Canadian and American 25-cent pieces, even though the word ''sou'' came to mean "cent" in other contexts.[[/note]] after a similarly low-valued French coin. However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
17th May '15 5:49:28 PM karstovich2
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This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar (interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]] (which is still the Quebec French nickname for a Canadian cent. Because the ha'penny was worth slightly less than the cent, some French-speaking Quebecois are liable to call a 25-cent piece ''trente sous'' {thirty ''sou''s})[[/note]]). However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
to:
This put Canada in a bit of a bind. Since Canada was still British, the War Office (then in charge of managing Britain's colonies) wanted Canada to continue to use the pound sterling as the basis of its currency, but most Canadians, realizing the benefits of easy trade with their far more populous southern neighbour, wanted to assimilate to the American unit. For a while, a native Canadian pound was adopted, worth slightly less than the sterling for an easier-to-handle exchange rate with the dollar (interesting sidenote: the ha'penny was not issued in English-speaking Upper Canada, but it was issued in French-speaking Lower Canada, where it was known as the ''sou''[[note]] (which ''sou''[[note]]Which is still the Quebec French nickname for a Canadian cent. Because the ha'penny was worth slightly less than the cent, some French-speaking Quebecois are liable to call a 25-cent piece ''trente sous'' {thirty ''sou''s})[[/note]]).(thirty ''sou''s).[[/note]]) after a similarly low-valued French coin. However, this situation proved to be untenable, and in 1857 the Province of Canada adopted an American-based decimal currency unit, although the British gold sovereign remained legal tender at a value of $4.86 2/3 (which remained true until the mid 1990s – at which point if you took a gold sovereign at face value anyway, you were either desperate or an idiot). When Confederation occurred ten years later, it was this currency that became the Canadian dollar of today.
17th May '15 5:45:39 PM karstovich2
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References to pre-decimalisation currency will often say that a shilling was worth 5 pence. This is because when the changeover was effected, one old pound had to equal one new pound despite the former having 240 pence and the latter 100. This is because sterling was, and to an extent still is, a major reserve currency; messing with its value would have been too much of a headache for central banks.[[note]](As mentioned below, this is in contrast to the former sterling countries like Australia, which kept their ''penny'' values the same and simply changed what those pennies added up to – 100 to a dollar instead of 240 to a pound – and got rid of shillings completely.)[[/note]] Therefore, all smaller denominations had to be converted in proportion to the pound. One old shilling (12d or old pence) was converted to 5 new pence[[note]](and no, 'new pence' is not pronounced "nuppence")[[/note]] and thereby remained one-twentieth of a pound. 'How many pence made up a shilling?' is therefore a common trick question in quizzes and the like. Post-decimalisation, the old coins continued to be used for many years as 5p alongside their same-sized decimal replacements, as did florins for 10p. They finally went out of circulation in the 1990s when the size of 5p and 10p coins was reduced.
to:
References to pre-decimalisation currency will often say that a shilling was worth 5 pence. This is because when the changeover was effected, one old pound had to equal one new pound despite the former having 240 pence and the latter 100. This is because sterling was, and to an extent still is, a major reserve currency; messing with its value would have been too much of a headache for central banks.[[note]](As mentioned below, this is in contrast to the former sterling countries like Australia, which kept their ''penny'' values the same and simply changed what those pennies added up to – 100 to a dollar instead of 240 to a pound – and got rid of shillings completely.)[[/note]] Therefore, all smaller denominations had to be converted in proportion to the pound. One old shilling (12d or old pence) was converted to 5 new pence[[note]](and no, 'new pence' is not pronounced "nuppence")[[/note]] and thereby remained one-twentieth of a pound. 'How many pence made up a shilling?' is therefore a common trick question in quizzes and the like. Note that this meant that one new penny was actually worth slightly more than ''two'' old pence, by 1/600th of a pound (between a farthing and a ha'penny). Post-decimalisation, the old shilling coins continued to be used for many years as 5p alongside their same-sized decimal replacements, as did florins for 10p. They finally went out of circulation in the 1990s when the size of 5p and 10p coins was reduced.
28th Apr '15 10:46:04 AM nombretomado
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* Guinea – £1 1/- (one pound and one shilling, or 21s, or 252d). An oddity in that it represented a value long after it ceased to be a coin, which was named after the west African country where much of the gold used to make them was mined. Officially replaced by the pound coin in 1816, the value was still used for pricing purposes by professionals – the British love [[ATouchOfClassEthnicityAndReligion class]]: a tradesman would present his bill in pounds, a doctor or lawyer would charge you in guineas. Today, it remains in use in the names of 'Classic' horse races the 1,000 Guineas and 2,000 Guineas, although their prize funds are now much higher. Decimalised to £1.05, it is also still used in the sale of livestock at auction, where the buyer pays guineas yet the seller receives the same number of pounds; the extra 5p per pound is traditionally the auctioneer's commission.
to:
* Guinea – £1 1/- (one pound and one shilling, or 21s, or 252d). An oddity in that it represented a value long after it ceased to be a coin, which was named after the west African country where much of the gold used to make them was mined. Officially replaced by the pound coin in 1816, the value was still used for pricing purposes by professionals – the British love [[ATouchOfClassEthnicityAndReligion [[UsefulNotes/ATouchOfClassEthnicityAndReligion class]]: a tradesman would present his bill in pounds, a doctor or lawyer would charge you in guineas. Today, it remains in use in the names of 'Classic' horse races the 1,000 Guineas and 2,000 Guineas, although their prize funds are now much higher. Decimalised to £1.05, it is also still used in the sale of livestock at auction, where the buyer pays guineas yet the seller receives the same number of pounds; the extra 5p per pound is traditionally the auctioneer's commission.
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