Remember when the Pound actually was worth something close to its weight in gold?
…the post-groat currency in the UK included farthings, halfpennies, pence, threepenny bits, tanners (sixpence pieces), shillings, florins, half-crowns, ten-shilling notes, and one- , five-, and ten-pound notes…
…this complicated range of hard cash and notes sufficed for the British population for centuries… complementing the standard coinage were crowns, half-sovereigns and sovereigns, plus guineas… for foreign visitors, the confusion was rife, while the locals smirked at the consternation it caused non-Brits… the financial powers-that-be decided to switch to a totally decimal currency, beginning on February 14th, 1971… sensibly, it was announced that a ‘cash-in’exchange period would be extended for some time after that particular Valentine’s Day… at the end of that period, all old currency would have to be surrendered at any bank offices within the British Isles, for further surrender to the Bank of England… so far so good, right?… however, human beings generally have an inherent resistance to…
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