Can someone explain the British money system?

Question

I know there are pounds, schillings, half pence, and things like that. Can someone explain what each is worth? Is it at all like the American system?

Answer 1

Yes it's all metric now. 100 pence (pennies) in a pound. We no longer have shillings (note spelling). Coin denominations are 1, 2, 5, 10, 20, 50, £1 and £2.

Answer 2

The Libra Pounda was the first Euro currency started during the Roman Empire and made from gold mined in southern Britain.

In Britain today the currency is the '£ or Pound'

Today there are 100 penny’s to the £.

Under the pre-decimal system - up to the early 1970's

There were 12 penny’s to the shilling

and six penny’s to the tanner

Two shillings to the florin

Two and a half shillings to the half Crown

and two half crowns to the Dollar and Crown

Twenty shillings to the £

and Twenty one shillings to the Guinea