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<p>[QUOTE=&quot;Autoturf, post: 3601338, member: 103332&quot;]There were 240 pennies to a pound because originally 240 silver penny coins weighed 1 pound (1lb) it get more confusing .</p><p><br /></p><p><a href="http://projectbritain.com/moneyold.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://projectbritain.com/moneyold.htm" rel="nofollow">http://projectbritain.com/moneyold.htm</a></p><p><br /></p><p>A £1 coin was called a <b>Sovereign</b> and was made of gold.</p><p><br /></p><p>A paper pound often was called a <b>quid</b>.</p><p><br /></p><p>More than a pound (£)</p><p><br /></p><p>1 <b>guinea</b> and a <b>£5.0.0 note</b></p><p><br /></p><p>1 <b>guinea</b> = £1-1s-0d ( £1/1/- ) = one pound and one shilling = <b>21 shillings</b> or 21/- (which is £1.05 in todays money)</p><p><br /></p><p>1 <b>guinea</b> could be written as &#039;1g&#039; or &#039;1gn&#039;.</p><p><br /></p><p>A guinea was considered a more gentlemanly amount than £1. You paid tradesmen, such as a carpenter, in pounds but gentlemen, such as an artist, in guineas.</p><p><br /></p><p>A third of a guinea equalled exactly seven shillings.</p><p><br /></p><p><b>Why guinea? </b></p><p><br /></p><p>Because the Guinea coast was fabled for its gold, and its name became attached to other things like guinea fowl, and New Guinea.[/QUOTE]</p><p><br /></p>

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