Question for older cyclists

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deptfordmarmoset

Full time tea drinker
Location
Armonmy Way
I can only just remember the thruppenny bit.... and the large pennies, the sort of money you gave to a young child .... luckily it just turned decimal as I started school!
Not the sixpence too? It was rather like the current 5p and I've been known to confuse the eldest grandchild by referring to five pence pieces as sixpence.
 

summerdays

Cycling in the sun
Location
Bristol
Not the sixpence too? It was rather like the current 5p and I've been known to confuse the eldest grandchild by referring to five pence pieces as sixpence.
I suppose I can remember it too but it had a nice weight to it!
 

mustang1

Legendary Member
Location
London, UK
In the old days, some nobber would reply with "Google is your friend". I detest people like that. Anyway, who knows what a pegwagwa is?
 

Aravis

Putrid Donut
Location
Gloucester
Please forgive my boyish enthusiasm.

The threepenny bit was nice, but they only went back to 1937. The penny was easily the best. Even at the end you could still find them from as early as 1860 - before that they were made of copper and were much larger. You had the 1918 and 1919 H and KN versions, the 1926 "modified effigy", and the 1902 "low tide" variant to look for. Actually 1926 was quite scarce in any version. The moment triumph when finding any of these - gone forever.

At least I thought so. A few years ago in a secondhand shop, I picked out an Edward VII penny from a tin box, and, glory be, it was a 1902 low tide. All the old excitement came flooding back. I expect I had to pay about 20p for it. I've no idea where it is now, but that doesn't matter - I found it!

Again, please forgive me.
 

simon.r

Person
Location
Nottingham
The new penny was minted from brass (97% copper) prior to 1992 and has, at times when the price of copper has been high, has been worth more that its face value.
 

DRM

Guru
Location
West Yorks
There was also a Florin, two shillings.

12 pennies in a shilling 20 shillings in a pound, 240 pennies in a pound. Guineas too, if you kept the right company, which were 21 shillings.
farthings being a quater penny, and halfpennies, (ha'pennies)

Sums at school were interesting:

You buy 7 Items at £3.11s.71/2d and 16 items and £1.4s.3d and 6 items and £9.15s.113/4d.
How much did you spend ?
If the shopkeeper gave you a 3% discount how much would you save?

How did we manage? I'd struggle to do it now.

Edit: Pennies were denoted with a 'd'. Something to do with Latin I suppose.
I think it was the Romans L = Libra, S= Solidus, D=Dinarius, I remember calling at the sweet shop on the way to school with a sixpence, and getting a new fangled shiney 1 new penny as change, A work colleague on visiting the coffee machine after a price rise was heard to exclaim bl**dy hell seven bob for a cup of cr*p!
 
D

Deleted member 26715

Guest
My money memory is of going into the pub around 1977 if you went into the best room, you could only get 3 pints for a quid, but if you went into the back room, you could get 3 pints & 3 packets of crisps & get some change from a quid, I think it was 28p for a pint & 5p a bag of crisps,
 

Brains

Legendary Member
Location
Greenwich
Slightly off at a tangent, my Dad used to save any pre 1947 silver coins that he was given in change, as the silver content (50% from 1920 to 1946) was worth more than the face value of the coins.

My Dad "took the Kings Shilling" in 1946, which meant you joined up in the Army, and your first weeks pay was one shilling, which even at the time was only worth about £5 of today's money.
They were given two 1946 mint sixpence pieces, which they all trooped down to the local jeweller and had them turned into a pair of cufflinks.

I still have his 1946 silver sixpenny cufflinks
 

raleighnut

Legendary Member
There was also a Florin, two shillings.

12 pennies in a shilling 20 shillings in a pound, 240 pennies in a pound. Guineas too, if you kept the right company, which were 21 shillings.
farthings being a quater penny, and halfpennies, (ha'pennies)

Sums at school were interesting:

You buy 7 Items at £3.11s.71/2d and 16 items and £1.4s.3d and 6 items and £9.15s.113/4d.
How much did you spend ?
If the shopkeeper gave you a 3% discount how much would you save?

How did we manage? I'd struggle to do it now.

Edit: Pennies were denoted with a 'd'. Something to do with Latin I suppose.
I learnt all that for a couple of years at school then they said forget all that, we're going Decimal now.:cursing:

My pocket money took a big hit r.e. purchasing power. :cursing: :cursing: :cursing: :cursing:
 
I remember the day when the changeover occurred

Although the official valuation was the "New Penny" was worth 2.4 plod ones there was. A conversion that meant 3d became 1P

Polo mints benefitted as they were now cheaper... we bulk bought
 

Globalti

Legendary Member
In about 1979, eight years after decimalisation, I went with a GF into the Douglas Arms in Bethesda, a village noted for its inhabitants' hostility towards the English. The barmaid served the drinks then said, with a hint of malice in her voice: "That'll be nineteen and six please!". My GF, flustered, replied: "Gosh.... is that more or less than a pound? I can't remember!" This was what the barmaid was waiting for and she pounced: "I can see you're English, you've no EDUCATION!"
 

Cubist

Still wavin'
Location
Ovver 'thill
I remember the day when the changeover occurred

Although the official valuation was the "New Penny" was worth 2.4 plod ones there was. A conversion that meant 3d became 1P

Polo mints benefitted as they were now cheaper... we bulk bought
The conversion maths was a bit of a nightmare. It was the complicated little rounding up and downs that confused. Generally speaking the accepted rate was that an old penny was now worth 1/2p. By the time of the conversion, the 3d bit was out of circulation, the last ones minted in 1970 and demonetised before decimalisation. So the next old coin up the ladder was the sixpence. Conveniently this was half of one twentieth of a pound, so was valued and spent as 2 1/2p. Then the shilling, conveniently reminted as 5p, then the florin or 2/ which was reminted as a 10p. The half crown was no longer in circulation, and the 10/ note had been phased out before 1971. The 50p piece had been knocking around before decimalisation IIRC, and was already called the 10 bob bit.

I was given a game of "decimal dominoes" which had old and new coins on them, and the rules meant you had to match the old coinage to the new values. Very educational!

It was us kids that suffered the most from the process. In those days we were paying pennies for sweets, so we were punished by shopkeepers and their unscrupulous rounding up from a system where our 2 shillings pocket money would buy 24 penny bags of aniseed balls, sherbet lemons or bull's-eyes, only to find that our new 10p could only buy 20 x 1/2p servings. Bastards.
 
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