Please note: We have mainly written about England, as that is the country within the UK where our students pounds britain. We would be very happy for schools and visitors to send us information we can add to our website on Wales and Scotland.
After the Norman Conquest in 1066, the pound was divided into twenty shillings or 240 pennies. It remained so until decimalization on 15 February 1971, when the pound was divided up as it is still done today. The pre-decimalisation British system of coinage was introduced by King Henry II. It was based on the troy system of weighing precious metals.