---------- Forwarded message ----------
From: Brian Jones <tr4zest@gmail.com>
Date: Sun, Oct 25, 2009 at 6:45 AM
Subject: Re: [TR] Brit Money Definition
To: tomislav.marincic@earthlink.net
'Old money' as we referred to it after the New Pence came to be (1969?)
offered some logic in buying things in dozens. If an orange cost 3d (three
pennies) then a dozen oranges cost 3 shillings. While the term 'penny' stems
from old English, the abbreviation d, from denarius, a Roman silver coin, is
a hang-over from the Roman invasion of Britain. Roman soldiers earned one
denarius per diem. Perhaps denarii were interchangeable with pennies?
Brian
On Sun, Oct 25, 2009 at 4:13 AM, Tomislav Marincic <
tomislav.marincic@earthlink.net> wrote:
> I can add very little to Tim's wonderful explanation. But I would point out
> the underlying logic:
> Long ago, penny coins were minted in silver. Each coin weighed 1/240 of a
> pound, so if you had
> 240 pennies you literally had "one pound sterling." 12 pennies to a
> shilling and 20 shillings to the
> pound preserved that ratio. "New Pence" minted after 1970 are of course 100
> to the pound.
>
> Cheers, Tom
>
> For which of you, desiring to build a tower, doesn't first sit down and
> count the cost, to see if he has enough to complete it? Or perhaps, when he
> has laid a foundation, and is not able to finish, everyone who sees begins
> to mock him. -Luke 14.28-2
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