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- 18 Jan 07
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@fmf saidSovereign, not pound. The pound was always 20 shillings. In 1816, though, the largest coin of the realm, the gold guinea at a pound and a shilling, was abolished, and replaced by the silver sovereign at a pound and nought.
How many shillings were there in a guinea in Great Britain before it was replaced by the pound in 1816?
I gather, but am not certain, that up to then the pound had mostly been a unit of account and most trade was done with shillings or notes promissory; there weren't many pound coins, historically. And guineas, even then, were used for Upper Class Dealings.
Since 1816, it's thotherwayround: the pound is real - the sovereign is just called the pound coin - and we still reckon in that unit; but shillings are out, and the guinea is now a fictional unit of account worth one and fivepence.
@shallow-blue saidThe Royal mint still makes Sovereign coins. Their value is closely correlated to the gold price. A new one costs about £410 at the moment.
Sovereign, not pound. The pound was always 20 shillings. In 1816, though, the largest coin of the realm, the gold guinea at a pound and a shilling, was abolished, and replaced by the silver sovereign at a pound and nought.
I gather, but am not certain, that up to then the pound had mostly been a unit of account and most trade was done with shillings or notes promissor ...[text shortened]... t; but shillings are out, and the guinea is now a fictional unit of account worth one and fivepence.
@plantermoo saidRuss: 25 Jul 2022
Funny how you, FMF and Ghost of a Deuce 💩 resort to this whenever you’re completely busted on substance.
"Any player will have their account removed once confirmed as a returning banned account."
