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Having researched the best place to put the money that you have diligently saved, you decide, quite wisely, that gold may be a viable option, and a Hattons of London advert for their latest sovereign appears on the television and it sparks your interest.
This year marks the 50th anniversary of the decimalisation of British currency. On the 15th February 1971, also known as Decimal Day, the country switched to the decimal currency that we are used to today (multiples of 10 and 100). But why did this change occur?
Before this date, Britain used a monetary system that dated all the way back to the Roman Empire. The problem with this system however, is that the old Pounds, Shillings and Pence were based on multiples of 12 and 240. This, as you can imagine, made it very complicated and often confusing to the everyday person; 12 pennies in a shilling and 240 pennies in a pound! Now we’re looking at four things you want to know about Decimalisation…
We’re looking at the history of the vessel, as well as five facts you may not know…
There’s one coin in particular though that holds more meaning and beauty than any other, blending fact and fiction to produce what can only be described by many as the world’s most beautiful coin. Una and the Lion.
The nature and scale of the First World War was unlike anything that had been seen before. Large numbers of soldiers fell in the service of their country and have no known grave. To honour these men, and to ensure their sacrifice would be forever remembered, an unidentified British soldier from the battlefields in France was buried in Westminster Abbey, to represent all those who fell in battle and had no proper burial.
Decimalisation, or Decimal Day as it is most known, occurred in 1971 after the pre-decimal system was deemed too complicated with pounds, shillings and pence. Initially, the plan was to make the new decimal currency into cents and dollars (known more in the USA), but this was reconsidered, and pounds and pence were the chosen coinage.
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