Monday, February 15, 2021

The move from 240 pennies to 100 pence in a pound

On this day, February 15, 1971 Ireland changed to decimal coinage. 

It was the day that we moved from 240 pennies in a pound to 100 pence in a pound.

The days of 20 shillings in a pound and 12 pennies in a shilling were gone for ever.

The halfpennies were no more. Some years earlier the farthing had disappeared.

From February 15, 1971 there were a hundred new pence in a pound. The 2/- coin became a 10 pence coin.

The new coinage consisted of a one pence, two pence and the old shilling became a five pence coin.

The 2/6 disappeared as did the 10 shilling note. So too did the six pence, the threepence and the penny see the dust.

A new 50 pence coin was minted.

https://www.rte.ie/archives/2016/0209/766548-decimalisation-daydecimalisation-day/

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