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Old British Money Was Really Weird!

ARTexplains Science and History 18 views

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It's actually not confusing at all, I never grew up with the monetary system (as I am in my early 20s) The main advantage of the monetary system is it is divisible by 3 meaning you can split it evenly by any denomination as apposed to today's system A penny back in the day was worth so much that it was just more efficient to clip the coin into 2 or 4 pieces, hence why we have the farthing and the half pence (also known as a halfpenny Bob is a shilling and a crown was worth 5 shillings The reason why this was necessary was because it was worth so much back in the day even compared to any amount in todays system
Comment from : @kristianferencik8685

The old British monetary system worked well with the imperial weights and measures, as you wouldn't get recurring numbers such as 133333 This you will get with the US using a decimalised monetary system alongside imperial weights an measures
Comment from : @chriscollier7469

this is exactly the video i was looking for thanks
Comment from : @sgipower

That’ll be three pounds, ten shillings, four tuppence and six pennies
Comment from : @hadesdogs4366

About the only thing you got right in this video is how terrible wizard money is Dividing your base currency into sub units by primes is a terrible idea br17 is a prime number, as is 29 Those chooses seem arbitrary and are objectively terrible It seems JK Rowling's understanding of old money is as bad as yoursbrUsing 12d to a shilling and 20s or 240d to a pound wasn't arbitrary It is mathematically sensible Both 12 and 240 are highly composite numbers and, as such, make the system incredibly powerful
Comment from : @michaelbaker7499

"yer a borgiouse Harry" - Hagrid Marx
Comment from : @WizzardJC

LSD you could always half it
Comment from : @joewilliams5962

I think this systen has to do with counting dozens and scores
Comment from : @revinhatol

How did people coped with this? omg thank god it changed so so confusing it was
Comment from : @josyshen2535

I think knut is supposed to be pronounced can-noot
Comment from : @benschuster9792

Knut nut or nute
Comment from : @ShannonFerguson

Nothing confusing about the old system in the slightest If they went back to it would pick it up straight away with no problem
Comment from : @Whiteshirtloosetie

I love how he try words everything to make British people sound as bad as possible 😂😂
Comment from : @Daniel-kc2sf

Wanna do one on weight measurements next? Or if you really want to enter a whole new world of brain ache try precision engineering size measurements
Comment from : @stephenbrookes7268

In old British magazines, you can see that the prices of expensive merchandise like jewelry, liquor, luxury cars, designer clothing, etc were always advertised as "guineas" and not pounds This designation was yet another sign of the ingrained class system, as this video points out Pretty silly
Comment from : @hebneh

Lol lsd
Comment from : @CASTER-ko3rg

It made complete sense to us
Comment from : @MichaelJohnsonAzgard

i was trying to remember all the nicknames, etc as you were going along but zoned out and forgot within a minute
Comment from : @thepaleceltic7137

The monetary system of old wasn't confusing at all It was the slang terms that confused
Comment from :

Decimal far superior
Comment from : @doodemog

I was born in 1980 and had to only deal with half pennies and one pound notes until the got binned
Comment from : @antonybullock2240

I’m the same age as J K Rowling and the old currency seemed definitely confusing Currency in 10s and 100s makes more sense
Comment from : @MsOnyx123

It really isn't that complicated The basic system of twenty shillings to a pound and twelve pence to a shilling is simple enough and the denominations of coins and their nicknames are no more complicated than any other issue of currency I was born 19 years after they replaced the pound with a reskinned US Dollar and I can understand it Want it back even, along with all the old weights and measures
Comment from : @treborschafer3945

Six quid, and eight for the fruit bat!
Comment from : @askhowiknow5527

In the USA the one cent piece is the 'penny', the five cent piece is the 'nickel', the ten cent piece is the 'dime', the twenty five cent piece is the 'quarter', and the fifty cent piece is the 'halfdollar' Those are not nicknames, but actual names
Comment from : @GoodVideos4

The 5 shilling coin also had the nickname of '5 Bob'
Comment from : @GoodVideos4

The nickname 'Joey' here in South Africa was 'Tickey'
Comment from : @GoodVideos4

Can imagine how it must have been, how confusing it was, for foreign visitors to the UK That's a reason why it was changed
Comment from : @GoodVideos4

It was actually easy if you were brought up with it They decimalised when I was 14
Comment from : @dstanl

No joke! I found that coin in my house
Comment from : @Gokichinso

Why does it say LSD though
Comment from : @evokinevo

Bollocks
Comment from : @patrickdevitt1789

Pound shillings and PENCE, the cow jumped over the fence, it split it's arse on a blade of grass, pound shillings and PENCE DOCUMENT FCO 30/ 1048
Comment from : @patrickdevitt1789

There not called bills over here there called notes
Comment from : @themajesticbulldog3832

(Mexican) ok so what the hell is a quid!?
Comment from : @JD-wl1lk

I never understood the old currency so was glad when we went decimal,so much easier
Comment from : @angievara1782

Zero weird about it!
Comment from : @ajjones317

Why do Americans never pronounce the plural of penny correctly?
Comment from : @thekatazsiuniverse4868

240 divides by 2,3,4,5,6,8,10,12,15,16 and 20 For as long as the pound was worth a lot, this made sense The guinea (21s, that is 252d) divided by 7 and 9 but not 5, 8,10 or 16 brIn medieval times, the penny was the unit of currency for the masses, the shilling for merchants and richer tradesmen and the pound for Kings and nobles After considerable inflation, from the 18th century onwards, the shilling was the unit of currency for the masses, the pound or the guinea (depending on context) for the middle class and the richest used multiple guineas Most kids had pennies brA workman's wage in 1900 was typically £1 a week and rent 2/6 (an eighth of that) The Mad Hatter's hat was advertised as half a guinea brThe problems really came in the postwar period when a pound was no longer worth all that much and most people had to add the three units (£sd) in their heads on a constant basis, throwing in guineas because that's what British people did By 1968-69, many more goods were just priced in shilling amounts or amounts ending in 11d (a penny short of a shilling) or 19/6 (sixpence short of a whole pound)brAn amount of two or more shillings was called "bob", not "bobs", as in "two bob", "ten bob" etc A florin was the actual coin, rather than a customary unit brThe end of the old system was announced in 1966, the last predecimal coins were dated 1967 and the first decimal coins (5p, 10p and 50p) dated 1968-69 1969 also saw the end of the halfpenny (pron "Haypny"), 10s note and half crown 50 years ago, 1971 saw the universal use of decimal pricing, the 1p, 2p and short-lived 1/2p coins and the end of the old 3d, followed a few years later by the 6d Decimalisation was reinforced in 1982-83 with new coins and the withdrawal of the 1/2p and the last pre-decimal coins (used as 5p and 10p) withdrawn in 1992 The value of the pound, which had started to plummet in 1940-41 when we were losing the war, started to crater in 1971 and by 1974-75, it was done for Inflation was controlled only by compounding unemployment and human misery in the 80s (thanks Maggie!)- but a pound now is worth only 1/60th of its 1914 value at most, in some areas more like quarter of that
Comment from : @anonUK

What are you on about? That's an absolutely STERLING system get it? Cuz they're pounds sterl- yeah I'll leave now
Comment from : @rextheroyalist6389

there wasnt a pound coin since well after decimal day
Comment from : @shadowfan982

Unless, of course, someone is sixpence short of a shilling That doesn't mean that the are left with a tanner; it means that they're bonkers
Comment from : @clemstevenson

nuts?
Comment from : @eldersprig

The system was not really confusing It was just based on the customary system of weights
Comment from : @stephenhoughton632

The haypenny fucking hilarious, it was called a ha'penny because lf from half was abbreviated as in hasn't Nothing to do with hay, but it's understandable if you had only ever heard it said
Comment from : @yakacm

Our currency is actually a ilot/i older than the Norman invasion - try the 800s AD
Comment from : @inkyscrolls5193

A nickname is just that A nickname Not everyone used all these names The main ones were half-penny, thruppence, six-pence, nine-pence, shilling, half-crown, crown, pound and a ginueas Simple brNever even heard of most of the others
Comment from : @LokiLoverForever99

Sixpences were called tanners, florin, 21 shillings was a guinea (which you still hear in horse racing - eg: the 2000 guineas race)brCrowns were rare, but half crowns commonbrbr£3/7/2½ was pronounced three pounds seven and tuppence ha'pennybrbrAt school, we had sums like: brbr£ s dbr12 11 7½br23 17 6br18 13 11½br------------------ ------------------brbrAnd: divide £13/13/7½d between three people
Comment from : @markterrell4441

I was 40 when we went decimal and I must say you're making the 'old money' sound a lot more complicated than it was in reality Rather than thinking of it as the pound, the shilling and the 'penny' you should be think of it as pounds, shillings and pence Your point about it being confusing because of ten shilling notes, two shilling pieces and five pound notes doesn't really make sense as we still have notes and coins of different values today, the same as every country? How is dividing pennies into 4 any different to the US Dollar being divided into 'quarters'? Also the 'groat' hasn't been in currency for hundreds of years, and penny pieces and two penny pieces are still collectively referred to as coppers
Comment from : @edward6960

Can't barage the Farage
Comment from : @wolfgangamadeusmozart8772

Haypenny is pronounced haypney or aypney
Comment from : @the7th494

Joey Tanner from full house
Comment from : @torinsgarden1437

What on earth is a bill!?!?!?!? Did you mean a note???????
Comment from : @the7th494

This is like every corporation and acronyms, but somehow worse
Comment from : @WorldOfZeroDevelopment

Really enjoyed this one! :D I had the same thoughts as a kid reading Harry Potter I also found it ridiculous
Comment from : @Miss_Marisa

Gosh! I wonder why people always have to think up alternative nicknames for stuff given enough time Before the introduction of the Euro, Dutch coins and notes had all kinds of unofficial names that I learned from my dad
Comment from : @FedorSteeman

Fascinating! Great job Tristan! :)brEven though the British monetary system has straightened itself somewhat since the 1940s, their sizes are still incongruous today, with 5p being smaller than 1p and 2p coins, 50p being ginormous, 20p being specially shaped and 10p just being confusing in the light of all the others!
Comment from : @DrawCuriosity