/biz/ - Business & Finance

>>53705249
Shilling was equivalent to 5p pic related, both technically being 1/20th or 5% of their respective pounds. Thats why old 5ps are huge. This means that the sixpence became 2 and 1/2p new pence, which worked because the half penny was still in circulation and was just remitted as the decimal halfpenny until being completely phased out in 1984