how many british shillings are in a pound
£sd Under this system, there were 12 pence in a shilling and 20 shillings, or 240 pence, in a pound. The penny was subdivided into 4 farthings until 31 December 1960, when they ceased to be legal tender in the UK, and until 31 July 1969 there were also halfpennies ("ha'pennies") in circulation. The advantage of such a system was its use in mental arithmetic, as it afforded many factors and hence fractions of a pound such as tenths, eighths, sixths and even sevenths and ninths if the guinea (worth 21 shillings) was used. When dealing with items in dozens, multiplication and division are straightforward; for example, if a dozen eggs cost four shillings, then each egg was priced at fourpence.
Two pounds (British coin) The coin was introduced on 15 June 1998 (coins minted 1997) after a review of the United Kingdom's coinage decided that a general-circulation Â£2 coin was needed.[1] The new Bi-metallic coin design replaced a series of commemorative, uni-metallic coins which were issued between 1986 and 1996 to celebrate special occasions. Although legal tender, these coins have never been common in everyday circulation.