English Money | About Us

English Money | About The changes in the English money do not just concern calculating different units but also their respective names. Although many people are familiar with such units as the pence, shilling, and pound, there used to be very many types of units used in various periods. Here are some of the conversions of the old English money. •    1 halfpenny = 2 farthings •    1 penny (d) = 2 halfpence •    1 thruppence = 3 pence (3d) •    1 sixpence = 6 pence •    1 shilling (s) = 12 pence •    1 florin = 2 shillings (2s) •    1 half crown = 2 shillings & 6 pence (2s 6d) •    1 Crown = 5 shillings (5s) King Henry II was responsible for introducing this type of coinage of the old English money. The system was based on the way precious metals were weighed. The penny was actually a pennyweight of silver. Therefore, the weight of the pound was 240 pennyweights, which was equivalent to one pound of silver.

Last Updated on Thursday, 10 February 2011 13:04