Penny (British Pre-decimal Coin)
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Penny (British Pre-decimal Coin)
The British pre-decimal penny was a denomination of sterling coinage worth of one pound or of one shilling. Its symbol was ''d'', from the Roman denarius. It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling. The penny was originally minted in silver, but from the late 18th century it was minted in copper, and then after 1860 in bronze. The plural of "penny" is "pence" when referring to an amount of money, and "pennies" when referring to a number of coins. Thus 8''d'' is eight pence, but "eight pennies" means specifically eight individual penny coins. Before Decimal Day in 1971, sterling used the Carolingian monetary system (£sd), under which the largest unit was a pound (£) divisible into 20 shillings (s), each of 12 pence (d). The penny was withdrawn in 1971 due to decimalisation, and replaced (in effect) by the decimal half new penny, with p being worth 1.2''d''. History The kingdoms o ...
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£sd
£sd (occasionally written Lsd, spoken as "pounds, shillings and pence" or pronounced ) is the popular name for the pre-decimal currencies once common throughout Europe, especially in the British Isles and hence in several countries of the British Empire and subsequently the Commonwealth. The abbreviation originates from the Latin currency denominations '' librae'', ''solidi'', and ''denarii''. In the United Kingdom, these were referred to as '' pounds'', ''shillings'', and '' pence'' (''pence'' being the plural of ''penny''). Although the names originated from popular coins in the classical Roman Empire, their definitions and the ratios between them were introduced and imposed across Western Europe by the Emperor Charlemagne. The £sd system was the standard across much of the European continent (France, Italy, Germany, etc.) for nearly a thousand years, until the decimalisations of the 18th and 19th centuries. As the United Kingdom remained one of the few countries reta ...
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Carolingian Monetary System
The Carolingian monetary system, also called the Carolingian coinage system''The later medieval and modern coinages of continental Europe''
at britannica.com. Retrieved 20 June 2022
or just the Carolingian system, was a currency structure introduced by in the late 8th century as part of a major reform, the effects of which subsequently dominated much of Europe, including Britain, for centuries. It is characterised by having three denominations in the ratio 1:20:240, the units of which went under different names in the different languages, but which corresponded to the Latin terms ''libra'' (pound), ''solidus'' (shilling) and ''denarius'' (penny). The c ...
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George II Of Great Britain
, house = Hanover , religion = Protestant , father = George I of Great Britain , mother = Sophia Dorothea of Celle , birth_date = 30 October / 9 November 1683 , birth_place = Herrenhausen Palace,Cannon. or Leine Palace, Hanover , death_date = , death_place = Kensington Palace, London, England , burial_date = 11 November 1760 , burial_place = Westminster Abbey, London , signature = Firma del Rey George II.svg , signature_alt = George's signature in cursive George II (George Augustus; german: link=no, Georg August; 30 October / 9 November 1683 â€“ 25 October 1760) was King of Great Britain and Ireland, Duke of Brunswick-Lüneburg (Hanover) and a prince-elector of the Holy Roman Empire from 11 June 1727 ( O.S.) until his death in 1760. Born and brought up in northern Germany, George is the most recent British monarch born outside Great Britain. The Act of Settlement 1701 and the Acts of Union 1707 positioned his grandmother, ...
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George I Of Great Britain
George I (George Louis; ; 28 May 1660 – 11 June 1727) was King of Great Britain and Ireland from 1 August 1714 and ruler of the Electorate of Hanover within the Holy Roman Empire from 23 January 1698 until his death in 1727. He was the first British monarch of the House of Hanover as the most senior Protestant descendant of his great-grandfather James VI and I. Born in Hanover to Ernest Augustus and Sophia of Hanover, George inherited the titles and lands of the Duchy of Brunswick-Lüneburg from his father and uncles. A succession of European wars expanded his German domains during his lifetime; he was ratified as prince-elector of Hanover in 1708. After the deaths in 1714 of his mother Sophia and his second cousin Anne, Queen of Great Britain, George ascended the British throne as Anne's closest living Protestant relative under the Act of Settlement 1701. Jacobites attempted, but failed, to depose George and replace him with James Francis Edward Stuart, Anne's Catholi ...
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Maundy Money
Royal Maundy is a religious service in the Church of England held on Maundy Thursday, the day before Good Friday. At the service, the British monarch or a royal official ceremonially distributes small silver coins known as "Maundy money" (legally, "the King's Maundy money") as symbolic alms to elderly recipients. The coins are technically legal tender, but typically do not circulate due to their silver content and numismatic value. A small sum of ordinary money is also given in lieu of gifts of clothing and food that the sovereign once bestowed on Maundy recipients. The name "Maundy" and the ceremony itself derive from an instruction, or , of Jesus Christ at the Last Supper that his followers should love one another. In the Middle Ages, English monarchs washed the feet of beggars in imitation of Jesus, and presented gifts and money to the poor. Over time, additional money was substituted for the clothing and other items that had once been distributed. Beginning in 1699 the mona ...
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Anne, Queen Of Great Britain
Anne (6 February 1665 – 1 August 1714) was Queen of England, Scotland and Ireland from 8 March 1702 until 1 May 1707. On 1 May 1707, under the Acts of Union, the kingdoms of England and Scotland united as a single sovereign state known as Great Britain. Anne continued to reign as Queen of Great Britain and Ireland until her death. Anne was born in the reign of Charles II to his younger brother and heir presumptive, James, whose suspected Roman Catholicism was unpopular in England. On Charles's instructions, Anne and her elder sister Mary were raised as Anglicans. Mary married their Dutch Protestant cousin, William III of Orange, in 1677, and Anne married Prince George of Denmark in 1683. On Charles's death in 1685, James succeeded to the throne, but just three years later he was deposed in the Glorious Revolution of 1688. Mary and William became joint monarchs. Although the sisters had been close, disagreements over Anne's finances, status, and choice of acquaintances ar ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenician ...
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Union Of The Crowns
The Union of the Crowns ( gd, Aonadh nan Crùintean; sco, Union o the Crouns) was the accession of James VI of Scotland to the throne of the Kingdom of England as James I and the practical unification of some functions (such as overseas diplomacy) of the two separate realms under a single individual on 24 March 1603. Whilst a misnomer, therefore, what is popularly known as "The Union of the Crowns" followed the death of James's cousin, Elizabeth I of England, the last monarch of the Tudor dynasty. The union was personal or dynastic, with the Crown of England and the Crown of Scotland remaining both distinct and separate despite James's best efforts to create a new imperial throne. England and Scotland continued as two separate states sharing a monarch, who directed their domestic and foreign policy, along with Ireland, until the Acts of Union of 1707 during the reign of the last Stuart monarch, Anne. However, there was a republican interregnum in the 1650s, during which t ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Pound Scots
The pound (Modern and Middle Scots: ''Pund'') was the currency of Scotland prior to the 1707 Treaty of Union between the Kingdom of Scotland and the Kingdom of England, which created the Kingdom of Great Britain. It was introduced by David I, in the 12th century, on the Carolingian monetary system of a pound divided into 20 shillings, each of 12 pence. The Scottish currency was later devalued relative to sterling by debasement of its coinage. By the time of James III, one pound Scots was valued at five shillings sterling. Silver coins were issued denominated in merk, worth 13s.4d. Scots (two-thirds of a pound Scots). When James VI became King James I of England in 1603, the coinage was reformed to closely match sterling coin, with £12 Scots equal to £1 sterling. No gold coinage was issued from 1638 to 1700, but new silver coinage was issued from 1664 to 1707. With the Acts of Union 1707, the pound Scots was replaced by sterling coin at the rate of 12:1 (£1 Scots ...
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Kingdom Of Great Britain
The Kingdom of Great Britain (officially Great Britain) was a Sovereign state, sovereign country in Western Europe from 1 May 1707 to the end of 31 December 1800. The state was created by the 1706 Treaty of Union and ratified by the Acts of Union 1707, which united the kingdoms of Kingdom of England, England (which included Wales) and Kingdom of Scotland, Scotland to form a single kingdom encompassing the whole island of Great Britain and its outlying islands, with the exception of the Isle of Man and the Channel Islands. The unitary state was governed by a single Parliament of Great Britain, parliament at the Palace of Westminster, but distinct legal systems – English law and Scots law – remained in use. The formerly separate kingdoms had been in personal union since the 1603 "Union of the Crowns" when James VI of Scotland became King of England and King of Ireland. Since James's reign, who had been the first to refer to himself as "king of Great Britain", a political un ...
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Act Of Union 1707
The Acts of Union ( gd, Achd an Aonaidh) were two Acts of Parliament: the Union with Scotland Act 1706 passed by the Parliament of England, and the Union with England Act 1707 passed by the Parliament of Scotland. They put into effect the terms of the Treaty of Union that had been agreed on 22 July 1706, following negotiation between commissioners representing the parliaments of the two countries. By the two Acts, the Kingdom of England and the Kingdom of Scotlandwhich at the time were separate states with separate legislatures, but with the same monarchwere, in the words of the Treaty, "United into One Kingdom by the Name of Great Britain". The two countries had shared a monarch since the Union of the Crowns in 1603, when King James VI of Scotland inherited the English throne from his double first cousin twice removed, Queen Elizabeth I. Although described as a Union of Crowns, and in spite of James's acknowledgement of his accession to a single Crown, England and Scotland ...
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