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Learn how to avoid the scammers. Authorised and Regulated by the Financial Conduct Authority under the PSR 2017: No. Customs as a Money Services Business: Registration No. Jump to navigation Jump to search List of British banknotes and coins, with commonly used terms. There were therefore 240 pence in a pound. The value of some coins fluctuated, particularly in the reigns of James I and Charles I.
The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717. Tudor dates, back to Anglo-Saxon England, at least. Sometimes called “thripp’nce”, “thrupp’nce”, “threpp’nce” or “thripp’ny bit”, “thrupp’ny bit”. Referred to as a “joey” after the groat was no longer in circulation, as seen in George Orwell’s Keep the Aspidistra Flying. Referred to as a “joey” after Joseph Hume, the economist and Member of Parliament until it stopped being issued in 1885.
1971 to 1980 with a value of two and a half decimal pence. Also called “tanner”, sometimes “tilbury”, or “joey” after the groat was no longer in circulation. 1970, circulated from 1971 to 1990 with a value of five decimal pence. Also called a “bob”, in singular or plural. Gold coin demonetized within one year.
Undervalued for its metal content and extremely rare. 1970, circulated from 1971 to 1993 with a value of ten decimal pence. 1940s when the exchange rate was four USD to the GBP. A unit of account, not a coin. Convenient as it was exactly one-third of a pound.
A unit of account not a coin, but widely used. Proclamation of 1717 finally settled the value of a guinea. Originally known and valued as five pounds, but became five guineas when the guinea was standardised at one pound and one shilling in 1717. Denomination issued for use in the colonies, usually in Ceylon, Malta, and the West Indies, but normally counted as part of the British coinage. The medieval florin, half florin, and quarter florin were gold coins intended to circulate in Europe as well as in England and were valued at much more than the Victorian and later florin and double florin.
The medieval florins were withdrawn within a year because they contained insufficient gold for their face value and thus were unacceptable to merchants. Since decimalisation on “Decimal Day” in 1971, the pound has been divided into 100 pence. A direct replacement for the shilling. The coin was reduced in size in 1990. Introduced in 2016 as a commemorative coin.
The coin was reduced in size in 1992. A commemorative coin issued between 1972 and 1981 as a post-decimal continuation of the old crown. It was initially sometimes called a “ten bob bit”. The coin was reduced in size in 1997. Introduced in 1983 to replace the one pound note. Introduced in 1990 as a commemorative coin, replacing the commemorative role of the twenty-five pence coin.
Bullion coins issued to various values. Introduced in 2013 as a commemorative coin. Introduced in 2015 as a commemorative coin. Main articles: Banknotes of the pound sterling and Bank of England note issues. Note: The description of banknotes given here relates to notes issued by the Bank of England.
Originally issued by the treasury in 1914. Replaced by Bank of England notes from 1928. Commonly known as “ten bob note” or “half a quid”. Withdrawn in 1988, it is still issued by the Royal Bank of Scotland, Bank of Ireland and still used in some of the Channel Islands. Now also known as a “fiver”. Issued by Scottish and Northern-Irish banks only.
Used as backing for banknotes issued by Scottish and Northern Irish banks when exceeding the value of their 1845 reserves. The amount to be covered is over a billion pounds. Also issued in 1948 as a temporary measure during the postwar reconstruction in the Marshall Plan. Bank of England notes are periodically redesigned and reissued, with the old notes being withdrawn from circulation and destroyed.