4 farthings are equal to 1 penny (1 farthing is equal to 1/480 pounds, 1 penny is equal to 1/240 pounds)

12 pennies are equal to 1 Shilling (1 shilling is equivalent to 1/20 pound)

2 shillings are equal to 1 florin (there are also called forints, the same translation problem, equivalent to 1/10 pound)

5 shillings equals 1 crown (1/4 pound)

Two crowns equal 1/2 sovereign (equivalent to half a pound)

1 Sovereign is equal to 1 pound

Take the British currency of Queen Victoria's era as an example. The coins were 1 farthing, halfpenny, 1p, 3p, 4p (later cancelled), 6p, 1 shilling, 2 shillings (1 florin), half a crown, 1 crown (commonly known as a sword), half a sovereign, 1 pound, 2 pounds, 5 pounds a *** 14 kinds .

During this period, coins below 3p were made of copper, coins starting from 3p to 1/2 Sovereign were made of silver, and coins of 1/2 Sovereign and above were made of gold.

Later, the pound devalued, and the size, weight, gold and silver content, and even the material of the coins changed. For example, at the end of the old currency system, 3 pence became a copper coin, 6 pence became a copper-nickel alloy, and 1 Shillings, 2 shillings, and 1 crown became nickels. Although there were gold Sovereign and pound coins at this time, they were commodity coins and were not directly circulated according to their face value.

In the past, the currency unit in the UK was very cumbersome. For example, if something was sold for 75 pence, it was 6 shillings and 3 pence. In terms of currency, the merchant needed to give one 1-crown coin and one 1-shilling coin. And a 3p piece. British people seem to like math orally. . . I finally understand why the UK’s financial industry is so developed now. Their calculation ability is inherited from their ancestors. . .

Beginning in 1971, the old-fashioned British began to follow the trend, simplifying the cumbersome currency units, changing them to decimal systems, and canceling all other currency units except pennies and pounds. 1 pound =100p.

British coins include 1/2p (already cancelled) 1p, 2p, 5p, 10p, 20p, 50p, 1 pound, 2 pounds, 5 pounds (currently used as commemorative coins face value)