Great Britain and The United Kingdom
The common currency created in 1707 by Article 16 of the Articles of Union continued in use until decimalisation in 1971. Before decimalisation, there were 20 shillings per pound and 12 pence per shilling, and thus there were 240 pence in a pound. Three coins denominated in multiple shillings were also in circulation at this time. They were:
- the florin, two shillings (2/-), which adopted the value of 10 new pence (10p) at decimalisation;
- the half-crown, two shillings and sixpence (2/6) or one-eighth of a pound, which was abolished at decimalisation (otherwise it would have had the value of 12½p);
- the crown (five shillings), the highest denominated non-bullion UK coin in circulation at decimalisation (in practice, crowns were commemorative coins not used in everyday transactions).
At decimalisation, the shilling coin was superseded by the new five-pence piece, which initially was of identical size and weight and had the same value, and inherited the shilling's slang name of a bob.
Read more about this topic: Shilling
Famous quotes containing the words britain, united and/or kingdom:
“The proposition that Muslims are welcome in Britain if, and only if, they stop behaving like Muslims is a doctrine which is incompatible with the principles that guide a free society.”
—Roy Hattersley (b. 1932)
“Vanessa wanted to be a ballerina. Dad had such hopes for her.... Corin was the academically brilliant one, and a fencer of Olympic standard. Everything was expected of them, and they fulfilled all expectations. But I was the one of whom nothing was expected. I remember a game the three of us played. Vanessa was the President of the United States, Corin was the British Prime Minister—and I was the royal dog.”
—Lynn Redgrave (b. 1943)
“Then he looked up at his disciples and said: Blessed are you who are poor, for yours is the kingdom of God.
Blessed are you who are hungry now, for you will be filled.
Blessed are you who weep now, for you will laugh.
Blessed are you when people hate you, and when they exclude you, revile you, and defame you on account of the Son of Man.”
—Bible: New Testament, Luke 6:20-22.