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Farthing (British Coin)
The farthing (from Old English ''fēorðing'', from ''fēorða'', a fourth) was a British coin worth one quarter of a penny, or of a pound sterling. Initially minted in copper, and then in bronze, it replaced the earlier English farthing. Between 1860 and 1971, the farthing's purchasing power ranged between 12p and 0.2p in 2017 values. The farthing's reverse bore an image of Britannia until 1937, when a wren was introduced. As with all British coins, the obverse bore the image of the reigning monarch. The farthing ceased to be legal tender in the United Kingdom on 1 January 1961. History A British copper farthing succeeded the English farthing after England and Scotland were united into the Kingdom of Great Britain in 1707, although not immediately. Under Queen Anne, a small number of pattern farthings were struck, but none for circulation, as so many English farthings from previous reigns were still available. Some British copper farthings were struck in the reigns of G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound 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 in continuous use since its inception. In 2022, it was 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 the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, 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 regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real And Nominal Value
In economics, nominal value refers to value measured in terms of absolute money amounts, whereas real value is considered and measured against the actual goods or services for which it can be exchanged at a given time. Real value takes into account inflation and the value of an asset in relation to its purchasing power. In macroeconomics, the real gross domestic product compensates for inflation so economists can exclude inflation from growth figures, and see how much an economy actually grows. Nominal GDP would include inflation, and thus be higher. Commodity bundles, price indices and inflation A commodity bundle is a sample of goods, which is used to represent the sum total of goods across the economy to which the goods belong, for the purpose of comparison across different times (or locations). At a single point of time, a commodity bundle consists of a list of goods, and each good in the list has a market price and a quantity. The market value of the good is the market p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coins Of Great Britain
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the ''obverse'' and the ''reverse'', referring to the front and back sides, respectively. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse is known as ''tails''. The first metal coins – invented in the ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins themselves, but the stampings also induced manipulati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1860 Establishments In The United Kingdom
Year 186 ( CLXXXVI) was a common year starting on Saturday of the Julian calendar. At the time, it was known as the Year of the Consulship of Aurelius and Glabrio (or, less frequently, year 939 ''Ab urbe condita''). The denomination 186 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Peasants in Gaul stage an anti-tax uprising under Maternus. * Roman governor Pertinax escapes an assassination attempt, by British usurpers. New Zealand * The Hatepe volcanic eruption extends Lake Taupō and makes skies red across the world. However, recent radiocarbon dating by R. Sparks has put the date at 233 AD ± 13 (95% confidence). Births * Ma Liang, Chinese official of the Shu Han state (d. 222) Deaths * April 21 – Apollonius the Apologist, Christian martyr * Bian Zhang, Chinese official and general (b. 133) * Paccia Marciana, Roman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mill (currency)
The mill (American English) or mil (Commonwealth English, except Canada) is a unit of currency, used in several countries as one-thousandth of the base unit. It is symbolized as ₥ (). In the United States, it is a notional unit equivalent to a thousandth of a United States dollar (a hundredth of a dime (United States coin), dime or a tenth of a cent (currency), cent). In the United Kingdom, it was proposed during the decades of discussion on Decimal Day, decimalisation as a division of the pound sterling. While this system was never adopted in the United Kingdom, the currencies of some British or formerly British territories did adopt it, such as the Palestine pound and the Maltese lira. The term comes from the Latin "millesimum", meaning "thousandth part". Usage United States In the United States, the term was first used by the Continental Congress in 1786, being described as the "lowest money of account, of which 1000 shall be equal to the federal dollar". The Coinage Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonard Charles Wyon
Leonard Charles Wyon (23 November 1826 – 20 August 1891) was a British engraver of the Victorian era most notable for his work on the gold and silver coinage struck for the Golden Jubilee of Queen Victoria in 1887 and the bronze coinage of 1860 with the second ("bun") head portrait, in use from 1860 to 1895. Career The eldest son of chief engraver William Wyon and his wife, Catherine Sophia, née Keele (died 1851), Leonard Charles Wyon was born in one of the houses in the Royal Mint in 1826, and was educated at Merchant Taylors' School. L. C. Wyon's father taught him art and also from his father he inherited great skill in die engraving. By the age of 16 he had already made several medals and some of his early work is displayed in the British Museum's Numismatic collection. He first exhibited at the Royal Academy in 1843. From 1844 he studied at the Royal Academy Schools and in the same year, at the age of just 18, he became Second Engraver under his father at the Royal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obverse And Reverse
The obverse and reverse are the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. In numismatics, the abbreviation ''obv.'' is used for ''obverse'',David Sear. ''Greek Imperial Coins and Their Values.'' Spink Books, 1982. p. xxxv. while , )(Jonathan Edwards. ''Catalogue of the Greek and Roman Coins in the Numismatic Collection of Yale College, Volume 2.'' Tuttle, Morehouse & Taylor, 1880. p. 228. and ''rev.''Allen G. Berman. ''Warman's Coins And Paper Money: Identification and Price Guide.'' Penguin, 2008. are used for ''reverse''. Vexillologists use the symbols "normal" for the obverse and "reverse" for the reverse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queen Victoria
Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until Death and state funeral of Queen Victoria, her death in January 1901. Her reign of 63 years and 216 days, which was List of monarchs in Britain by length of reign, longer than those of any of her predecessors, constituted the Victorian era. It was a period of industrial, political, scientific, and military change within the United Kingdom of Great Britain and Ireland, United Kingdom, and was marked by a great expansion of the British Empire. In 1876, the British parliament voted to grant her the additional title of Empress of India. Victoria was the daughter of Prince Edward, Duke of Kent and Strathearn (the fourth son of King George III), and Princess Victoria of Saxe-Coburg-Saalfeld. After the deaths of her father and grandfather in 1820, she was Kensington System, raised under close supervision by her mother and her Comptrol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-based Pricing
Value-based price, also called value-optimized pricing or charging what the market will bear, is a market-driven pricing strategy which sets the price of a good or service according to its perceived or estimated value. The value that a consumer gives to a good or service, can then be defined as their willingness to pay for it (in monetary terms) or the amount of time and resources they would be willing to give up for it. For example, a painting may be priced at a higher cost than the price of a canvas and paints. If set using the value-based approach, its price will reflect factors such as age, cultural significance, and, most importantly, how much benefit the buyer is deriving. Owning an original Dalí or Picasso painting elevates the self-esteem of the buyer and hence elevates the perceived benefits of ownership. How it works Within the strategy of value-based pricing, the price is not dependent on its cost of production, but instead, it is set with consideration upon the cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GREAT BRITAIN, GEORGE II, 1746 -FARTHING A - Flickr - Woody1778a
Great may refer to: Descriptions or measurements * Great, a relative measurement in physical space, see Size * Greatness, being divine, majestic, superior, majestic, or transcendent People * List of people known as "the Great" * Artel Great (born 1981), American actor * Great Osobor (born 2002), Spanish-born British basketball player Other uses * ''Great'' (1975 film), a British animated short about Isambard Kingdom Brunel * ''Great'' (2013 film), a German short film * Great (supermarket), a supermarket in Hong Kong * GReAT, Graph Rewriting and Transformation, a Model Transformation Language * Gang Resistance Education and Training Gang Resistance Education And Training, abbreviated G.R.E.A.T., provides a school-based, police officer-instructed program in America that includes classroom instruction and a variety of learning activities. The program was originally adminis ..., or GREAT, a school-based and police officer-instructed program * Global Research and Analysis Te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
