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farthing = 1/4 old penny
thrupenny bit = 3 old pence
shilling = 12 old pence
florin = 2 shillings
pound (note) = 20 shillings
1/2 crown = 2 shillings and 6 old pence
guinea = 1 pound and 1 shilling
The above money was in circulation in 1945. Other valid money with more obvious values consisted of the half penny, sixpence, ten shillings and five pounds (note).
Nomenclature: £1 4s 7d = 1 pound 4 shillings and seven old pence.
Alternative: £1/4/7 (a zero is ignored if it represents pounds but is shown as a dash for shillings and pence e.g. 2/- = 2 shillings).
Shillings were also commonly called bobs.
Britain switched to the decimal system in 1971 when one shilling was made equal to five new pence.
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