£sd System
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£sd System
A sampler in the Guildhall Museum of Rochester illustrates the conversion between pence and shillings and shillings and pounds. Old till in Ireland, with "shortcut" keys in various £sd denominations (lower numbers) and their "new pence" equivalent (upper numbers) Toy coin, which teaches children the value of a shilling £sd (occasionally written Lsd, spoken as "pounds, shillings, and pence" or pronounced ) is the popular name for the pre-decimal currencies once common throughout Europe. The abbreviation originates from the Latin currency denominations , , and . In the British Isles, these were referred to as '' pounds'', ''shillings'', and ''pence'' (''pence'' being the plural of ''penny''). Under this system, there were 12 pence in a shilling and 20 shillings, or 240 pence, in a pound. Although the standard ledger accounting system recorded only pounds, shillings, and pence, actual minted coins could represent one, several, or fractions of these units. The penny was ...
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Guildhall Museum Collection- Drusilla Dunford Money Table Sampler 3304
A guildhall, also known as a guild hall or guild house, is a historical building originally used for tax collecting by municipalities or merchants in Europe, with many surviving today in Great Britain and the Low Countries. These buildings commonly become town halls and in some cases museums while retaining their original names. As town hall in the United Kingdom In the United Kingdom, a guildhall is usually a town hall: in the vast majority of cases, the guildhalls have never served as the meeting place of any specific guild. A suggested etymology is from the Anglo Saxon "''gild'', or "payment"; the guildhall being where citizens came to pay their rates. The London Guildhall was established around 1120. For the Scottish municipal equivalent see tolbooth. List of guildhalls in the United Kingdom *Andover Guildhall * Barnstaple Guildhall * Bath Guildhall *Beverley Guildhall *Bewdley Guildhall * Blakeney Guildhall * Bodmin Guildhall *Boston Guildhall *Bradninch Guildhall * Breco ...
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Guinea (British Coin)
The guinea (; commonly abbreviated gn., or gns. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings. In the Great Recoinage of 1816, the guinea was demonetised and replaced by the gold sovereign. Following the Great Recoinage, the word "guinea" was retained as a colloquial or specialised term, even though the coins were no longer in use; the term ''guinea'' also survived as a unit of account in some fields. Notable usages included professio ...
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Pre-decimal Currency
A non-decimal currency is a currency that has sub-units that are a non-decimal fraction of the main unit, i.e. the number of sub-units in a main unit is not a power of 10. Historically, most currencies were non-decimal, though virtually all are now decimal. Contemporary situation Today, only two countries have non-decimal currencies: Mauritania, where 1 ouguiya = 5 khoums, and Madagascar, where 1 ariary = 5 iraimbilanja. However, these are only theoretically non-decimal, as in both cases the value of each sub-unit is too small to be of any practical use and coins of sub-unit denominations are no longer used. The official currency of the Sovereign Military Order of Malta, which retains its claims of sovereignty under international law and has been granted permanent observer status at the United Nations, is the Maltese scudo, which is subdivided into 12 tarì, each of 20 grani with 6 piccoli to the grano. All other contemporary currencies are either decimal or have no sub-unit ...
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France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ...
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Livre Tournois
The (; ; abbreviation: ₶ or £) was one of numerous currencies used in France in the Middle Ages, medieval France, and a unit of account (i.e., a monetary unit used in accounting) used in early modern France. The 1262 monetary reform established the as 20 , or 80.88 grams of Fineness, fine silver. The was a gold coin of one minted in large numbers from 1360. In 1549, the was decreed a unit of account, and in 1667 it officially replaced the . In 1720, the was redefined as 0.31 grams of pure gold, and in 1726, in a devaluation under Louis XV, as 4.50516 grams of fine silver. It was the basis of the revolutionary French franc of 1795, defined as 4.5 grams of fine silver exactly. Circulating currency In France, the was worth 240 French denier, deniers (the "Tours penny"). These deniers were first minted by the Basilica of Saint Martin, Tours, abbey of Saint Martin, in the Provinces of France, province of Touraine. Soon after Philip II of France seized the counties of ...
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Roman Coinage
Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. From its introduction during the Republic, in the third century BC, through Imperial times, Roman currency saw many changes in form, denomination, and composition. A feature was the inflationary debasement and replacement of coins over the centuries. Notable examples of this followed the reforms of Diocletian. This trend continued with Byzantine currency. Due to the economic power and longevity of the Roman state, Roman currency was widely used throughout western Eurasia and northern Africa from classical times into the Middle Ages. It served as a model for the currencies of the Muslim caliphates and the European states during the Middle Ages and the Modern Era. Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the ''denarius'' coin), the British pound (a translation of the Roman ''libra'', a unit of weigh ...
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Nigerian Pound
The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound, at parity with sterling with free convertibility, was replaced in 1973 with the decimal '' naira'' at a rate of £1 = ₦2, making Nigeria the last country to abandon the pre-decimal £sd currency system. Coins Coins were issued in 1959 in denominations of , 1, 3 and 6 pence, 1 and 2 shillings. The d and 1d coins were holed and struck in bronze. The 3d coin, minted in nickel-brass, was a smaller version of the distinctive twelve-sided threepenny bits that were used in the UK, Fiji and Jersey. The higher denominations were struck in cupro-nickel. Banknotes In 1918, emergency issues were made by the government in denominations of 1/–, 10/– and 20/–. In 1959,
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Nigeria
Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, a population of more than 230 million, it is the List of African countries by population, most populous country in Africa, and the List of countries and dependencies by population, world's sixth-most populous country. Nigeria borders Niger in Niger–Nigeria border, the north, Chad in Chad–Nigeria border, the northeast, Cameroon in Cameroon–Nigeria border, the east, and Benin in Benin–Nigeria border, the west. Nigeria is a Federation, federal republic comprising 36 States of Nigeria, states and the Federal Capital Territory, Nigeria, Federal Capital Territory, where its capital, Abuja, is located. The List of Nigerian cities by population, largest city in Nigeria by population is Lagos, one of the largest List of largest cities, metr ...
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Indian Rupee
The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 '' paise'' (Hindi plural; singular: ''paisa''). The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank derives this role from powers vested to it by the Reserve Bank of India Act, 1934. Etymology Pāṇini (6th to 4th century BCE), the ancient Indian grammarian and logician, writes of the (). While it is unclear whether Panini was referring specifically to coinage, some scholars conclude that he uses the term ''rūpa'' to mean a piece of precious metal (typically silver) used as a coin, and a ''rūpya'' to mean a stamped piece of metal, a coin in the modern sense. The ''Arthashastra'', written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (), mentions silver coins as . Other types of coins, including gold coins (), copper coins (), and lead coins (), are also mentioned. The immediate precursor to t ...
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Canadian Dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba). It is divided into 100 cent (currency), cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be metonymy, referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately two per cent of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the United States dollar, US dollar, euro, Japanese yen, yen, and pound sterling, sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the ...
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British Commonwealth
The Commonwealth of Nations, often referred to as the British Commonwealth or simply the Commonwealth, is an international association of 56 member states, the vast majority of which are former territories of the British Empire The British Empire comprised the dominions, Crown colony, colonies, protectorates, League of Nations mandate, mandates, and other Dependent territory, territories ruled or administered by the United Kingdom and its predecessor states. It bega ... from which it developed. They are connected through their English in the Commonwealth of Nations, use of the English language and cultural and historical ties. The chief institutions of the organisation are the Commonwealth Secretariat, which focuses on intergovernmental relations, and the Commonwealth Foundation, which focuses on non-governmental relations between member nations. Numerous List of Commonwealth organisations, organisations are associated with and operate within the Commonwealth. The Com ...
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Decimalisation
Decimalisation or decimalization (see American and British English spelling differences, spelling differences) is the conversion of a system of currency or of weights and measures to units related by Power of 10, powers of 10. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10 (number), 10, most commonly 100 and exceptionally 1000, and sometimes at the same time, changing the name of the currency and/or the conversion rate to the new currency. Today, only two countries have ''de jure'' non-decimal currencies, these being Mauritania (where 1 Mauritanian ouguiya, ouguiya = 5 khoums) and Madagascar (where 1 Malagasy ariary, ariary = 5 iraimbilanja): however, these currencies are ''de facto'' decimal as the value of both currencies' main unit is now so low that the sub-units are too small to be of any practical use, and ...
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