There were 12 Pence to the Shilling and 20 Shillings to the Pound.
Britain used Pounds, Shillings and Pence as their currency for many years. There were 12 Pence to the Shilling and 20 Shillings to the Pound. Many British Colonies and countries of the British Empire/Commonwealth also used Pounds, Shillings and Pence.
12 pence =1 shilling 240 pence = 1 pound 20 shillings = 1 pound
There are 100 pence in a Pound (GBP). There were 240 pence in a pre-decimal Pound. (12 Pence in a Shilling, 20 Shillings in a Pound.) Or use the currency converter in related links.
360 "old" pence was equivalent to £1/10/-, or One Pound, Ten Shillings. At decimalisation, One Pound became 100 "New" Pence and Ten Shillings became 50 "New" Pence. 360 "old" Pence converted to 150 "New" Pence or £1.50 in decimal currency.
Pounds Sterling (£) as used today. Before decimalization (in 1971) each pound was divided into 20 shillings and each shilling into 12 pence (or pennies). Coins were also used for a halfpenny and a farthing (a quarter of a penny).
Before the British currency reform, there were 12 pence in a shilling, and 20 shillings in a pound, so there were 240 pence in a pound. That system was dropped in 1971, when the UK converted to "new pence" (worth 2.4 old pence), making 100 new pence per pound. The shilling was replaced with a 5 new pence coin (worth the same amount as the former shilling, 1/20th of a pound).
There are ten shillings in half a pound.
There are 20 shillings in 1 pound.
Shillings and Pounds.MoreBritain's currency has been the pound sterling for many centuries. In 1800 the pound was divided into many different sub-denominations with a bewildering set of value ratios. Among the more common denominations were: Farthings: 4 farthings = 1 pennyHalfpennies: 2 halfpennies = 1 pennyPence (the plural of penny): 240 pence = £1ThreepenceSixpenceShillings: 12 pence = 1 shilling; £1 = 20 shillingsFlorins: 2 shillings = 1 florinHalf-crowns: 2 shillings and sixpence = 1 half-crownGuineas: 21 shillings = 1 guinea
Oh honey, in 1600 a penny was worth... a penny! Shocking, I know. But hey, at least you could buy a few things with it back then. Now, you can barely buy a piece of gum. Oh, how the times have changed.
On "Decimal Day" in 1971, Ten Shillings converted to 50 New Pence. Ten Shillings was equal to 120 old Pence.