U.K. CURRENCY 
PRIOR TO DECIMALISATION

In one of the pages on Cockney rhyming slang there is mention of various pre-decimal coins e.g. "thrupney bit" and "two bob bit".  Anyone born after 1970 is unlikely to know anything about this type of currency so this, together with an email from Diana Tranter (a site visitor) meant "I felt a new page coming on!".

Diana says -

"A 'thrupney bit' was a threepenny 'bit' (pronounced ‘thra’pny’) which was worth 3 (old) pennies when there was 12 pennies in one shilling (1/-d). The 3d bit was a coin shaped like a 20p piece but the 3d bit was a yellow bronze colour and much thicker in diameter and heavier than the 20p of today. Before the yellow bronze 3d bit, there was a silver 3d bit which was much smaller than our 1p of today and also much lighter in weight.

A 'tupney' bit....there never was a two penny coin in £.s.d.. There was a copper Farthing (1/4d) about the size of our 1p of today. The Farthing was worth a quarter of one (old) penny - 1d), there was a copper half penny coin (commonly called ha'pny - 1/2d) about the size of our 5p coin of today - and there was a one penny coin which was a large copper coin about the size of our £2 coin of today, but the 1d copper coin was not as thick in diameter. There was no two penny coin…."

Having read that I thought it may be of interest to see the old coins she mentions so have scanned those in my possession which you can see below;  as you can see I wasn't well off enough at the time to keep any of the notes -

Before decimalisation (February 15th 1971) the currency in the UK was as follows:-

12 pennies (d) = 1 shilling

20 shillings - 1 pound

After decimalisation this was changed to 100 pence = 1 pound

5 new pence = 1 shilling

10 new pence = 2 shillings

N.B.   'd' = an old penny  and   'p' = a new penny

 

1/4d farthing - copper N.B.  2 farthings = 1 halfpenny 4 farthings = 1 penny
1/2d halfpenny (ha’pny)- copper N.B. 2 halfpennies = 1 penny
1d penny
3d - threepence (thruppence/thrupny bit) - bronze
6d – sixpence (tanner/tanna) -  silver N.B.  2 sixpences = 1 shilling
1/- a shilling (bob)  - silver
2/- two shillings (two bob/florin)  - silver
2/6d - two shillings and sixpence (two and six/half a crown) - silver
10/- note – ten shillings (ten bob)
£1 note - twenty shillings (quid)
£5 note (originally large white flimsy paper but later were smaller and thicker and blue in colour, like current notes)
£10 note (brown)

Some interesting facts sent in by Andrew Lister

General observations from Diana -

• £5 note…in 1963 we used to apologise to the shop assistant if we were to hand over a £5 note as it was equivalent of half a week’s wages for a secretarial school leaver in 1960 era……and a nice 3 bed semi detached house would have been worth less than £3,000!!!

• £100 was known as a “pony” but there were no notes after the £10 note which was brown in colour. The £5 was blue colour.

• 8 shillings and 6 pennies per week was the wages in 1947…..for all trades i.e. plumbers, telephone (GPO), electricians etc

• Anyone with their own bike would get a 6d per day allowance which amounted to 3/6d. this was a real bonus as it boosted a week’s wages up to 12/- a week!!