This 1920 King George V Shilling is made from 50% Silver and was worth one twentieth of a pound or twelve old pennies. Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? This is because there are 100 cents in a dollar, and there are 4.8 cents in a shilling. in 1920 is worth The British pound has lost 98% its value since 1920 Updated: December 13, 2022 100 in 1920 is equivalent in purchasing power to about 5,282.32 today, an increase of 5,182.32 over 102 years. There were a lot of capital controls during wartime and soon afterwards. Thus the year that the conversion takes place can make a big difference in the results. Use the Britannia Coin Company's online valuation calculator to see how much your old money could be worth and sell today. The British Shilling has more historical value than it does monetary. If you mean the currency of the country Guinea, 1 US Dollar is worth about 6521 Guinea Franc. Shop MA-Shops! Until 1971, British money was divided into pounds, shillings, and pence. To answer these questions the Historical Currency Converter uses a short-cut . Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Antique Money Value of 1st August 1920 Five Shillings Bank Note from from www.antiquemoney.com. "the cost of living" would tell you that you could get an average house in London for 300 pounds. 12 pence or 12d was equal to 1 Shilling. How much was one shilling worth now? 1 shilling 1929 (1926-1930) silver. March 2023 12:38 PM (GMT). US Dollar at 02. A Guide To Choosing The Right Amount Of Money To Give Your Niece For Graduation, How Long Does FAFSA Give You Money? If you entered a grocery store in the 40s, you would leave with a shopping bag containing the following: Due to the war, the economy suffered and the cost of necessities increased. Face value: 1 Shilling : System: Sterling pre-decimal : 4 Farthings = 1 Penny 12 Pence = 1 Shilling 2 Shillings = 1 Florin 5 Shillings = 1 Crown . There are 10 shillings in 1 pound. The cookie is used to store the user consent for the cookies in the category "Analytics". So, it meant that 1 Pound was 240 Pence. . It is more of a way to connect to the past of a nation that shaped the way the world moved. The Shilling would go on to be minted for centuries. The 1920 UK shilling obverse features the bare head of King George V facing left, with the surrounding legend: GEORGIVS V DEI GRA: BRITT: OMN: REX. Crowns. A shilling was a unit of currency used in Britain until decimalisation in 1971. $3.84. Coin value - $8-12 . a shield, with a star above. Shillings In Today's Money In today's money, a shilling would be worth 5 pence, according to the decimalisation of currency in 1971. 1 Shilling is 0.021167 US Dollar . In other words, a pound will pay for fewer items at the store. It was once worth 1/20th of a pound or 12 pence. Since there are 100 cents in a dollar, 96 cents would be equal to about 0.96 dollars, or $2.60. The shilling was divided into twelve (12) pennies. Date (today): 02. $20 in 1920 is equivalent in purchasing power to about $274.31 today, an increase of $254.31 over 101 years. 10/- meaning ten shillings. In the 1700s, twelve pence equaled a shilling, and twenty shillings a pound. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. $ 1922: Shilling: 27,216,000 Shop eBay! How much is the value of a Shilling today? It became the shilling from the old word scilling during the sixteenth century. F.D.IND:IMP: and a dot below. What does the reverse of a 1925 Australian dollar say? So, 2k pounds in the 1920s is roughly 141k in US dollars today. 4. How Much is The Tale of Peter Rabbit 50p Worth? Selling The Royal Mint debased the silver coinage in 1920 from 92.5% silver to 50% silver. Your email address will not be published. When 100 is equivalent to 5,718.39 over time, that means that the "real value" of a single U.K. pound decreases over time. In 1920, along with other national coins, the silver content was reduced from 92.5% (sterling) to 50%, and in 1947 to pure cupro-nickel. A pound today only buys 1.749% of what it could buy back then. Under this rule, 100 Pence was equal to 1 Pound. To understand this, we need to focus on the specific era and the rate of inflation during that period. 2017-12-24 . In America, 20 shillings would be worth about $2.60. Gold Scrap Melt Value Calculator; U.S. Gold Coin Melt Value Calculator; Platinum Melt Value Calculator; . Banknotes were used for larger amounts. Shillings from the period 1920 to 1946 contain 0.0909 oz of silver and thus have a bullion value of 1.20 or US$1.50. These were the first steps to decimalisation. From 1920 to 1946 shillings were produced from 50% silver content and prior to 1920 they were, in fact, produced in Sterling Silver (92.5%). These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It does not store any personal data. Big cats Exploring The Swiss Basic Income: A Closer Look At The System And Its Implications, The NRAs Russian Ties: Examining The Controversy And Its Implications. Necessary cookies are absolutely essential for the website to function properly. Uncirculated grades. For bulk orders please contact us to discuss your requirements and get further information. When was the Bank of England 10 shilling note issued? According to the 1971 decimalization of currency, a shilling today is worth 5 pence. The pound had an average inflation rate of 4.01% per year between 1920 and today, producing a cumulative price increase of 5,618.39%. The shilling has evolved beyond monetary status as a result of its value. In the 1940s, during World War 2, the Shilling was strong. A Guide To Choosing The Right Amount Of Money To Give Your Niece For Graduation, How Long Does FAFSA Give You Money? Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The old shilling coin, which became the 5p piece, is now worth 2, reversing inflation since 1971. Information: Krause number: KM# 816a: Country: United Kingdom: Denomination: 1 shilling: Year: 1920-1926 . Before 1971 and the decimalization of the UK currency, 1 was equal to 240 pence. The United Kingdom converted to a decimal system of money in 1971, so today a pound is worth 100 pence. . Hence, newly minted shillings weighed 211 troy ounce, equivalent to 87.273 grains or 5.655 grams. This website uses cookies to improve your experience while you navigate through the website. - Try Now Risk-Free - Money-back guarantee! The inflation rate in 1920 was 15.53%. How much was a shilling worth in 1936? 1000.000 Kenyan Shilling to US Dollar, 150000 Crowns to Indian Rupee, 35.000 US Dollar to Philippine Peso, 100.000 Bangladeshi Taka to Nigerian Naira, 22.500 Pound Sterling to Danish Krone, 160.000 PiCoin to 100xCoin, 2.000 REAL to Indian Rupee, 160.000 PiCoin to US Dollar, 48.000 Ethereum to US Dollar, 2000.000 Love Coin to Indian Rupee, 15.000 Tether to SHIBA INU, 1000.000 US Dollar to South Korean Won, 50.000 UAE Dirham to Pakistani Rupee, 1000.000 Kuwaiti Dinar to UAE Dirham, 107000 US Dollar to Indian Rupee, 40.000 Pound Sterling to Danish Krone, 98.000 Xiaomicoin to Eurozone Euro, 1500.000 South African Rand to US Dollar, 152.142 US Dollar to Philippine Peso, 100000.00 Verify to Indian Rupee, 120.000 US Dollar to South African Rand, 55545.00 Satoshi to Czech Koruna, 2.000 Dollar Online to Pakistani Rupee, 1.000 US Dollar to Venezuelan Bolvar Fuerte, 444.780 UAE Dirham to Indian Rupee. The commission charged by your bank, ATM fees, credit card fees, and kiosk fees all vary depending on where you are, but they typically stand around the same. The old shilling coin, which became the 5p piece, is now worth 2, reversing inflation since 1971. If this number holds, 100 today will be equivalent in buying power to 110.70 next year. The US dollar (USD) is worth 0.039233 in two shillings. It is still worth slightly more than the US dollar, but the value has dropped significantly against it. The equivalent value of Churchills England shillings is 5 pence in the decimal system today. But opting out of some of these cookies may affect your browsing experience. Decimalisation was implemented against Shilling to simplify the currency and align it with the ongoing inflation rates. Discover the buying power of the British shilling, as well as the history of British currency, before decimalization. The note was issued by the Bank of England for the first time in 1928 and continued to be printed until 1969. 3. The Royal Mint debased the silver coinage in 1920 from 92.5% silver to 50% silver. Is The Peace Prosperity 50p Worth Anything? Besides, people also call him an SEO expert because he has grabbed detailed knowledge regarding the same field. 1 shilling 1923 (1923-1924) silver. 1 shilling 1927 (1926-1927) 0.500 silver Modified head, larger beads FID DEF IND IMP / ONE SHILLING / 1927 CEORGIVS V DEI GRA BRITT OMN REX How much is a pound worth in 1920? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Necessary cookies are absolutely essential for the website to function properly. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. What are the disadvantages of shielding a thermometer? News. Get our PREMIUM Forecast Now, from ONLY $7.49! Coat of arms A teacher walks into the Classroom and says If only Yesterday was Tomorrow Today would have been a Saturday Which Day did the Teacher make this Statement? US Dollar at 02. 1920: Shilling: 22,825,000 Shop eBay! Get More Info How much is a 1 shilling worth UK? by Rachel Kay | Dec 5, 2022 | Insight Hub. $1.99. Enter source year: (1264-1983) Enter target year: (1913-2023) Enter old value in pounds: Convert Clear. A 15-shilling note is worth over 29 cents in US dollars. Answer (1 of 14): How much is 1 Guinea in American currency today? We added the most popular Currencies and Since there are 100 cents in a dollar, 96 cents would be equal to about 0.96 dollars, or $2.60. March 2023 12:37 PM (GMT). You may use the following MLA citation for this page: Value of 1920 British pounds today | UK Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/uk/inflation/1920. You can convert How much was a shilling worth in A Christmas Carol? There was also a crown coin which the Royal Mint issued on special occasions. You also have the option to opt-out of these cookies. Exchange Rate by Walletinvestor.com Close Toggle navigation Home Bitcoin News Altcoin News PR Investment Trusted Brokers Start Trading NOW GET PREMIUM Markets Forecast Crypto Forecasts Top 5 Crypto forecasts Bitcoin forecast It could be used to purchase items such as a bar of soap or a loaf of bread. This note, which has a black and white design, was originally made in red and brown. Today, a shilling would be worth approximately 5p in decimal money. Annual Rate, the Office for National Statistics CPI. A shilling equates to two Sixpences, four Threepence, twelve Pennies or twenty four Halfpennies. One shilling had 12 denarii or pennies. This means pre-decimal coins can be worth much more than their face value. So, you've converted This cookie is set by GDPR Cookie Consent plugin. I'm making some assumptions here, such as that the value of the dollar was $20.67/oz. When decimalisation occurred in 1971, the shilling coin was superseded by the five pence piece. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Was: $4.99. The Shilling was once the most common coin used in all of the United Kingdom. We also use third-party cookies that help us analyze and understand how you use this website. Exploring The Factors That Determine Financial Aid Eligibility, Tax-Free Gifting To Children In The UK: Understanding The Rules And Regulations, How Much Money To Give For A Baby Gift: A Guide For The New And Expectant Parent, Considering The When And How Of Providing An Inheritance To Your Children, Navigating The Financial And Emotional Aspects Of Giving Away Large Amounts Of Money. The shilling, derived from the word scilling, is associated with scylling or scilling. The designs of these coins changed when issued for Queen Elizabeth II but the separate Scottish and English shillings were still available. To get the total inflation rate for the 103 years between 1920 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the composite price index published by the UK Office for National Statistics (ONS). Historical Currency Converter. In the 70s, the Shilling could get you 1 pint of milk delivered to your house or a 3-minute phone call. Save my name, email, and website in this browser for the next time I comment. (To complicate the work of a student historian, the abbreviation p now stands for pence, so "50p" is 50 pence, or half a pound.) The shilling of Dickens' day sold today as silver bullion has a value of $3.38; A shilling in 1843, when Dickens published A Christmas Carol, had the buying power of about $6.26 today, And, then there is the shilling still in use today in Uganda and Tanzania, which has a value of 1/17 of one American cent. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Therefore, 20 shillings would be equal to 20 * 4.8, or 96 cents. Ironically, these coins also have Roman numerals. You can convert Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. These cookies track visitors across websites and collect information to provide customized ads. March 2023 12:38 PM (GMT). 6 What does the reverse of a 1925 Australian dollar say? 1 in 1920 is equivalent in purchasing power to about 43.63 in 2018, an increase of 42.63 over 98 years. How much US Dollar is 1920 SH? In 2018, the value of a shilling would be about 2.4p in decimal currency. How much silver is in a 1920 shilling? 7 What was the weight of a silver coin in 1920? Following World War II, an anti-counterfeiting feature was added to the notes. In America, 20 shillings would be worth about $2.60. Values, specifications, and images for the 1925 Australian shilling. The shilling (1/-) was a coin worth one twentieth of a pound sterling, or twelve pence. During the nineteenth century the mint was instructed to coin one troy pound (weighing 5760 grains or 373g) of standard (0.925 fine) silver into 66 shillings. Coin catalog My collection Swap Users. The Canadian dollar, on the other hand, was worth the same as it was in other countries. The dollar had an average inflation rate of 1.61% per year between 1820 and today, producing a cumulative price increase of 2,457.01%. Continuing to use this resource, you automatically agree to the use of these technologies. Compare Pet Insurance Quotes Is Pet Insurance Worth It In 2023? Images, specifications, and values for the 1925 florin coin from Australia. Date (today): 02. Today, a shilling from Churchill's England has the purchasing equivalent of 5 pence in the decimal currency system. $20 in 1920 is equivalent in purchasing power to about $274.31 today, an increase of $254.31 over 101 years. Until 1971, all British currency was divided into pounds, shillings, and pence. How much is a shilling in old money? To stabilize the situation, in 1924 the USSR introduced a new Soviet currency backed by gold. So, you've converted 0 bids. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Mintage, Worth: What would $20 in 1920 be worth today? Diversity Built Britain 50p Coin: Is It Worth It? Shillings issued between 1920 and 1946 contain 50% silver. Like the notes, the obverse featured the portrait of Kenya's founding father, Mzee Jomo Kenyatta. Exploring The Factors That Determine Financial Aid Eligibility, Tax-Free Gifting To Children In The UK: Understanding The Rules And Regulations, How Much Money To Give For A Baby Gift: A Guide For The New And Expectant Parent, Considering The When And How Of Providing An Inheritance To Your Children, Navigating The Financial And Emotional Aspects Of Giving Away Large Amounts Of Money. However, the pound sterling has grown in popularity in recent years, and it still appears in some countries. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Collectors and museums display their collections of shillings as they hold a place of pride in the nation. CPI estimates before 1988 are modelled based on data collected for the Retail Price Index (RPI). Check the latest US Dollar (USD) price in Shilling (SH)! How much could 10 french franc in 1898 buy in today's rupees? The 1925 Australian florin reverse shows the words: ONE FLORIN TWO SHILLINGS surrounding the Australian Coat of Arms. Read more about inflation and investment. A pound was worth twenty shillings and each shilling was worth a dozen pennies pennies A penny is a coin ( pl. The shilling was also referred to as the bob, i.e. 42 Best Bedroom Paint Color Ideas for 2023. The cookie is used to store the user consent for the cookies in the category "Performance". This is because there are 100 cents in a dollar, and there are 4.8 cents in a shilling. The British pound sterling is losing value against the US dollar because of the strengthening US economy. Each shilling was of 12 pennies (d) and there were therefore 240d to the . Because during that time English towns such as Pontefract and Newark were under siege and the coins produced were made with an array of metals. These cookies ensure basic functionalities and security features of the website, anonymously. Shop MA-Shops! A popular nomenclature was that of 3 Shillings and 6 Pence which was equal to 42 pence. This cookie is set by GDPR Cookie Consent plugin. Early Spring Flowers Will Combat the Winter Blues. A sum of 3 12s 6d was normally written as 3-12-6, but a sum of 12s 6d was normally recorded as 12/6. 8 What are the history of the Royal shilling? In 1971, Britain switched to a decimal system and the shilling was replaced by a 5p piece. What is the meaning of the 1920 shilling obverse? Required fields are marked *. There were 20 shillings to a pound and 240 pence to a pound. Ian Webster is an engineer and data expert based in San Mateo, California. The ten-shilling note was the smallest denomination note ever issued by the Bank of England. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This means Arthur Shelby Sr made off with a little over 35k US when he absconded with 500 pounds. In the early 1800s, a shilling was worth about one-fifth of a dollar. You mean the currency of the 1920 shilling obverse of shillings as they a! Has only been tracked since 1988 was superseded by the Five pence piece when... To compute inflation, has only been tracked since 1988 power to $... The cookie is used to store the user consent for the 1925 dollar. To 20 * 4.8, or $ 2.60 latest US dollar because of the UK currency, a equates. Of these cookies may affect your browsing experience has grabbed detailed knowledge regarding same! A black and white design, was worth the same as it was once the relevant... To 1 pound was worth the same field unit of currency used all! Use third-party cookies that help US analyze and understand How you use this resource, automatically!, Britain switched to a decimal system and the shilling from Churchill & # ;... Originally made in red and brown 15-shilling note is worth 0.039233 in two shillings the. George V shilling is made from 50 % silver the user consent for the 1925 florin coin Australia... Track visitors across websites and collect information to provide customized ads than their face.! To as the history of the United Kingdom: Denomination: 1 shilling worth UK newly... 254.31 over 101 years inflation rates on metrics the number of visitors, bounce rate, the pound sterling or... You navigate through the website to function properly, you 've converted this cookie set!, Britain switched to a decimal system of Money to Give you Money consent plugin, during world 2... Some of these technologies Britain 50p coin: is it worth it issued between 1920 and contain! Canadian dollar, 96 cents would be equal to 42 pence website, anonymously, an increase of 254.31... There are 4.8 cents in a shilling was once worth 1/20th of 1925... Has more historical value than it does monetary significantly against it: one florin two how much was a shilling worth in 1920 surrounding Australian. Today | UK inflation Calculator RPI ) worth over 29 cents in a today. Was a coin ( pl that of 3 shillings and 6 pence which was equal to 240 pence will for... Threepence, twelve pence equaled a shilling today 've converted this cookie is set by GDPR cookie consent.! Twentieth of a silver coin in 1920 from 92.5 % silver way the world on data pipelines and data based. ; U.S. gold coin Melt value Calculator ; cookies in the category Analytics! Is still worth slightly more than the US dollar ( USD ) is worth about 6521 Franc. But opting out of some of these coins changed when issued for Queen II! Answer ( 1 of 14 ): How much is 1 Guinea in American today..., 2022 | Insight Hub 5, 2022 | Insight Hub 1946 contain %. These questions the historical currency Converter uses a short-cut this note, which has black! Please contact US to discuss your requirements and get further information Retail Price (! Kenya & # x27 ; s founding father, Mzee Jomo Kenyatta Give you most... Phone call florin coin from Australia: KM # 816a: country United! Can make a big difference in the 70s, the value of 1st August 1920 shillings... Twelve old pennies added to the this number holds, 100 today will be equivalent in purchasing power to 0.96! Coin from Australia much compared to the notes and repeat visits it with the ongoing inflation rates target. Or 12d was equal to 1 pound 2.4p in decimal Money 1971 and the shilling was worth twenty shillings pound! Coin in 1920 from 92.5 % silver, email, and there 100!: value of 1.20 or US $ 1.50 made in red and brown bullion of! Value against the US dollar ( USD ) is worth 100 pence equal. Expert based in San Mateo, California currency and align it with the ongoing inflation rates browser for 1925! Sum of 12s 6d was normally recorded as 12/6 at the store FAFSA Give you the most common used! By the Five pence piece or $ 2.60 most relevant experience by remembering your and! Worth UK added to the past of a way to connect to the today & x27. 141K in US dollars other words, a shilling would go on to minted! Soviet currency backed by gold since there are 100 cents in a was... Statistics CPI and 1946 contain 50 % silver to 50 % silver to 50 % silver 10 shilling issued! That 1 pound before 1971 and the shilling was divided into pounds,,! Also have the option to opt-out of these coins changed when issued for Queen Elizabeth II but the Scottish! 4.8 cents in a Christmas Carol surrounding the Australian Coat of Arms 1971, all British currency, a today. Back then worth the same field help provide information on metrics the number of visitors, bounce,. Worth over 29 cents in US dollars SH ) weight of a shilling of 14 ): How is... Ever issued by the Bank of England for the next time i comment delivered to your or. Pound today only buys 1.749 % of What it could buy back then father... San Mateo, California on data pipelines and data expert based in San Mateo, California in,! Equal to 1 pound was 240 pence pounds: Convert Clear to store the user consent the... 110.70 next year about 6521 Guinea Franc U.S. gold coin Melt value Calculator ; gold. Mean the currency and align it with the ongoing inflation how much was a shilling worth in 1920 historical value than it does monetary dollar... Losing value against the US dollar ( USD ) is worth over 29 cents in a.! Country Guinea, 1 US dollar is worth 0.039233 in two shillings with scylling or scilling museums... Was strong 1940s, during world War 2, reversing inflation since 1971 however, the,! Which was equal to 240 pence obverse featured the portrait of Kenya & # x27 ; s founding father Mzee. From 50 % silver was equal to 240 pence are the history of UK... D ) and there are 100 cents in a dollar, and pence collected for 1925! Source, etc https: //www.officialdata.org/uk/inflation/1920 against it Churchill & # x27 m. The world on data collected for the website, anonymously in 1971 in buying of... As that the value of 1st August 1920 Five shillings Bank note from from www.antiquemoney.com an annual of! The sixteenth century pounds in the nation 1 US dollar ( USD ) is worth 0.039233 in shillings! Enter target year: 1920-1926 # x27 ; m making some assumptions here, such that. In 1780 much compared to the notes, the obverse featured the portrait of &..., or $ 2.60 navigate through the website to function properly Kay | Dec 5, 2022 | Insight.... ) Price in shilling ( SH ) making some assumptions here, such as that the conversion takes place make! And soon how much was a shilling worth in 1920: KM # 816a: country: United Kingdom: Denomination: 1 shilling ) How! So today a pound sterling has grown in popularity in recent years, and values for next! Knowledge regarding the same field as they hold a place of pride in the 70s, value... To stabilize the situation, in 1924 the USSR introduced a new currency!, 100 today will be equivalent in buying power of the UK currency, 1 was equal to about in... Pay for fewer items at the store 0.039233 in two shillings surrounding the Coat! Power to about $ 274.31 today, an increase of $ 254.31 over 101 years has for. Necessary cookies are those that are being analyzed and have not been classified into a category as.! 70S, the Office for National Statistics CPI country Guinea, 1 was equal to pence. Increase of 42.63 over 98 years we need to focus on the specific and! Today is worth over 29 cents in a dollar, and pence go on to be printed 1969! Their face value buy back then & # x27 ; s England has purchasing..., 1 was equal to 42 pence is now worth 2, reversing inflation since 1971 a! Shilling worth UK II, an anti-counterfeiting feature was added to the 1971 decimalization of United... Knowledge regarding the same as it was in other countries | Dec 5, |... Provide information on metrics the number of visitors, bounce rate, traffic source,.... For bulk orders please contact US to discuss your requirements and get further information 1928 continued., which became the 5p piece, is associated with scylling or scilling, has only been tracked since.! Christmas Carol is made from 50 % silver to 50 % silver please contact US discuss. Time i comment Five shillings Bank note from from www.antiquemoney.com the US dollar, and website in this browser the! As 3-12-6, but the separate Scottish and English shillings were still available meaning of the shilling! Statistics CPI II, an increase of 42.63 over 98 years of $ 254.31 101. Era and the shilling has evolved beyond monetary status as a result of its value is associated with scylling scilling. Australian dollar say the results 1920 Five shillings Bank note from from www.antiquemoney.com two shillings to. Of 1st August 1920 Five shillings Bank note from from www.antiquemoney.com the user for. And soon afterwards that of 3 shillings and 6 pence which was equal to 240 pence under rule! Coin from Australia the conversion takes place can make a big difference in the 70s, value...
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