The pound is the world's oldest currency still in use. 1 GBP = 100p = 100 GBX = 100 GBp. In the olden days, the pound was divided into Shillings and Pence. This disappeared with decimalization in 1971. Prior to decimalization, 1 pound was 20 shillings, each shilling was 12p (meaning 240 pence to the pound). "3s6d" (Three and Six) meant 3 shillings and sixpence.
A numismatist is a collector of coinage e.g. crowns and guineas. A guinea is a gold coin; the name comes from Guinea where gold was mined.
Monday, 25 January 2010
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