Q:

What are some old British coins?

A:

Quick Answer

Old British coins include the farthing, halfpenny (or ha'penny), crown, shilling, guinea, sovereign, florin and groat. These coins ceased to exist when the United Kingdom switched to a decimalized monetary system in 1971, though some of the terms persist to refer to decimalized amounts of similar value.

Know More

Full Answer

Before and after decimalization, British money centered around the pound, which at the time of its introduction by King Henry II was equal to 1 troy pound of sterling silver. Aside from the £1 coin, which the British called a sovereign, money was measured in shillings and guineas. Shillings were one-twentieth of a pound, and guineas were equal to one pound and one shilling. Guineas were considered a more civilized coin, often used as payment between gentlemen.

Learn more about Coins & Currency

Related Questions

  • Q:

    How do you get cash for old coins?

    A:

    Old coins can be sold for cash or other forms of payment to coin collection shops, antique dealers or precious metal purchasers. Individuals can also sell coins directly through online auction sites like eBay.

    Full Answer >
    Filed Under:
  • Q:

    What are old coins worth?

    A:

    The value of old coins varies with current demand and the maximum amount collectors are willing to pay for them. Metal prices may also be a factor. Some price guides have been established that are widely used by collectors, such as the Professional Coin Grading Service (PCGS) guide.

    Full Answer >
    Filed Under:
  • Q:

    Where can I sell old coins?

    A:

    A coin shop is one of the best places to sell coins and also get information about coins. Coin collectors also buy coins. However, anyone wishing to sell coins should not take the risk of putting an ad in the local newspaper.

    Full Answer >
    Filed Under:
  • Q:

    How can you sell old coins for cash?

    A:

    Online auctions, coin shops and in-person auctions are the best ways to sell old coins for cash. There are other ways to sell old coins, but the seller should do detailed research before accepting any cash offers for coins.

    Full Answer >
    Filed Under:

Explore