0
In one of Shakespeare's plays, the Merchant of Venice, the currency seemed to be ducats, and with a little research I have found that these were gold coins which were in circulation generally in Europe before the 1st World War - gold as an international currency - most of our money now is just a promise to pay, in many cases little more than an empty promise! http://en.wikipedia.org/wiki/Ducat Also look at this page: http://en.wikipedia.org/wiki/Pound_sterling where you will find out that the Pound Sterling is one of the oldest currencies in the world. The first sterling banknotes were introduced in 1694, so before that there would have been gold coins such as the ducat, or the sovereign which was worth one pound.
The English coinage was evolving during the 1400's and bore very little resemblance to the Pound, Shillings and Pence of the 19th and 20th centuries.
The Pound was more of a bookkeeping value rather than a unit of currency, and was based on 240 Pennies weighing One Pound, which is how the monetary term "Pound" came into use. The Shilling or its predecessor, the Testoon had yet to enter the currency.
The Noble was a gold coin with a value varying from 80 to 120 Pence over a period of years and economic circumstances. The Noble was replaced by the gold Ryal and then the gold Angel coin of 80 Pence. Each of these coins had half and quarter denominations.
The smaller denominations were all made from silver and included the Groat (Fourpence), Halfgroat (TwoPence), Penny, Halfpenny and Farthing.
The Penny has been the basic unit of the English currency for well over 1,200 years.
Pounds, Shillings and Pence.
12 Pence to the Shilling and 20 Shillings to the Pound.
Add your answer:
Earn +20 pts
What was the currency of Ireland in 1913?
Ireland at this point was still British, so the currency was the Pound Sterling.
What is Scotland's money currency?
Scotland uses the Brittish Pound as its currency.
What is the currency in Tristan de Cunha?
The official currency of the state of Tristan de Cunha is the sterling pound [British pound - GBP]
What currency did they have Colony Pennsylvania?
Until the establishment of the United States the British pound was used in the colonies.
What year was 149 years ago?
149 years ago it was the year 1868.
When did British-American Institute end?
British-American Institute ended in 1868.
Name of British currency?
British currency is commonly known as the British pound it is also referred to as Sterling.The British pound is the currency used in England, Scotland, Wales and Northern Ireland and many of it overseas territories.The International currency code is GBP.
What was the Spanish currency?
Spain - Peseta (1868-2001)100 céntimos = 1 peseta
What is the currency of Lancashire?
The currency is British Pounds as Lancashire is in the UK
What is 1.99 in British currency?
1.26 British Pound.
What is the value of an 1880 British Half-Farthing?
The last British Half-Farthing coin was issued in 1868.
Currency in London?
In London, France, the type of currency used is pounds (GBP: Great British Pounds). The currency rate is $1.70 to 1 British Pound.
Was Singapore ever part of British India?
Yes, it was. From 1857-1868.
What is the currency in londan?
Currency in UK: British pound (GBP) / Sterling
What was the currency of Ireland in 1913?
Ireland at this point was still British, so the currency was the Pound Sterling.
When did Hugh Arbuthnot - British Army officer - die?
Hugh Arbuthnot - British Army officer - died in 1868.
When was Alfred Henry Scott - British politician - born?
Alfred Henry Scott - British politician - was born in 1868.
