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The use of money in the UK has changed throughout history. This information is intended to help understand the currency used and the values involved.
1976 (Decimal Day) to the present.
100 new pence = 1 pound
1976 - Typical wage of £26 a week for manual work and £150 a month for office work
2014 - Typical manual wage of £220 a week and office work about £1500 a month
Pre 1976 money
4 farthings = 1 pence
12 pence = 1 shilling
2 shillings = 1 florin
2 shillings and sixpence = 1 half a crown
5 shillings = a crown
20 shillings = 1 pound
21 shillings = 1 guinea
1950 - Typical manual was of £6 a week and £14 for higher paid workers.
1850 - Typical manual wage of 1/- 8d a week and 3/- for higher paid workers.
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"Silver coins" were made of nickel silver alloy and were the higher denomination coins. Crown = 5 shillings (not in general
circulation) Shillings came in English (C2) and Scottish (C1) forms. The sixpence design varied over time. |
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Small denomination coins were generally called "coppers". They were made of base metal and copper alloy and pressed with a ridged rim.
M - Thrupenny bit = 3 pence |