Saturday, 31 October 2015
The British farthing (part 1)
The farthing was a fractional denomination worth 1/3 of a penny before we decimalised which saw the removal of it in British currency. The surviving half-penny was then altered in name to "half-pence" which suited the modern economy. The traditional abbreviation of penny, "d", meaning denarius (a roman coin) was then changed to the letter "p", which abbreviated the word "penny" or "pence", the word pence being the plural of penny in decimal terms, rather than it being the word "pennies" which was used prior to that of decimalisation. Because the UK decimalised in 1971 we have since lost many of the denominations that were used for more than half a millennia before that date, hence the reason for change. CONTINUED ON PART 2.
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