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MONEY, MONEY,MONEY

MONEY, MONEY,MONEY. By Patricia, Emily and Kelly. 2 Farthings. Two farthings= 1 half penny It phased out in early 1960s The penny was further subdivided Into 2 half pennies or four farthings (quarter pennies) The farthing = to a quarter of a penny, hence of the penny-farthing bicycle.

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MONEY, MONEY,MONEY

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  1. MONEY, MONEY,MONEY By Patricia, Emily and Kelly

  2. 2 Farthings • Two farthings= 1 half penny It phased out in early 1960s The penny was further subdivided Into 2 half pennies or four farthings (quarter pennies) The farthing = to a quarter of a penny, hence of the penny-farthing bicycle

  3. Shilling • Shilling= 12 pence(12d). 240 pennies= (240d) 1 pound. • A shilling frequently called “bob" (origin unknown). This was the lowest value coin to survive decimalisation, before being placed by a smaller 5 pence piece.

  4. Guineas • 1 Guinea was 21 shillings- that’s 1 pound and 1 shilling. There was no guinea coins, but you might still find bills in guineas from solicitors, accountants and other professionals and if you are on holiday you might have to settle your hotel bill in guineas. • It was a way of sounding posh and also making a bill seem a little bit smaller than it actually was.- a bit like £9.99 instead of £10!

  5. Today's present system • 100p=£1.00 • Therefore 100p=240d • 1p=2.4d • 5p=1/-

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