List of British banknotes and coins
List of British banknotes and coins, with commonly used terms.
Coins
Pre-decimal
Prior to decimalisation in 1971, there were 12 pence in a shilling and 20 shillings in a pound, written as £1. There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2 14/5.The value of some coins fluctuated, particularly in the reigns of James I and Charles I. The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717. These are denominations of British, or earlier English, coins – Scottish coins had different values.
Coin | Pre-decimalisation value | Post-decimalisation value | Dates of use | Notes |
Mite | d; see notes | £0.0001736; see notes | Tudor dates, back to Anglo-Saxon England, at least. | In Tudor times, mites weren't minted but were used in accounting; one mite was one twenty-fourth of a penny or one sixth of a farthing. In older times, a mite could be worth half a farthing or d; or about one-third of a farthing or about d |
Quarter farthing | d | £0.00026 | 1839–1868. | see note 1 below |
Third farthing | d | £0.0003472 | 1827–1913. | see note 1 below |
Half farthing | d | £0.00052083 | 1828–1868. | see note 1 below |
Farthing | d | £0.00104167 | c. 1200–1960. | The word "farthing" means "fourth part". |
Halfpenny | d | £0.0021 | 1272–1969. | Often called a "ha'penny", plural halfpennies for the coins, halfpence for the monetary amount. |
Three farthings | d | £0.0031 | 1561–1582. | |
One penny | 1d | £0.0042 | 757–1970. | Commonly called a "copper"; plural "pennies" for the coins, "pence" for the monetary amount |
Three halfpence | d | £0.0063 | 1561–1582, 1834–1870. | see note 1 below. Pronounced as "three-ha'pence" |
Half groat | 2d | £0.0083 | 1351–1662. | |
Twopence | 2d | £0.0083 | silver 1668–current ; copper 1797–1798. | Pronounced "tuppence". |
Threepence | 3d | £0.0125 | silver 1547–1945, nickel-brass 1937–1970. | Sometimes called "thripp'nce", "thrupp'nce", "threpp'nce" or "thripp'ny bit", "thrupp'ny bit". Referred to as a "joey" after the groat was no longer in circulation, as seen in George Orwell's Keep the Aspidistra Flying. |
Groat | 4d | £0.0167 | silver 1279–1662, 1836–1862. | Referred to as a "joey" after Joseph Hume, the economist and Member of Parliament until it stopped being issued in 1885. |
Sixpence | 6d | £0.025 | 1547–1970; circulated from 1971 to 1980 with a value of two and a half decimal pence. | Also called "tanner", sometimes "tilbury", or "joey" after the groat was no longer in circulation. |
Shilling | 1/- | £0.05 | 1502–1970, circulated from 1971 to 1990 with a value of five decimal pence. | Also called a "bob", in singular or plural. |
Quarter florin or helm | 1/6 | £0.075 | 1344 | Gold coin demonetized within one year. see note 2 below |
Gold penny | 1/8 to 2/- | £0.0833 to £0.1 | 1257–1265. | Gold. Undervalued for its metal content and extremely rare. |
Quarter noble | 1/8 | £0.0833 | 1344–1470. | |
Quarter angel | 2/- | £0.1 | 1547–1600. | Gold. |
Florin or two shillings | 2/- | £0.1 | 1848–1970, circulated from 1971 to 1993 with a value of ten decimal pence. | see note 2 below |
Half crown | 2/6 | £0.125 | 1526–1969. | Sometimes known as "half a dollar". |
Half florin or leopard | 3/- | £0.15 | 1344 | Gold; extremely rare. see note 2 below |
Half noble | 3/4 to 4/2 | £0.1667 to £0.2083 | minted 1346–1438. | increased in value in 1464 |
Half angel | 3/4, later 5/6 | £0.1667, later £0.275 | 1470–1619. | |
Double florin | 4/- | £0.2 | 1887–1890. | Silver. see note 2 below |
Crown of the rose | 4/6 | £0.225 | 1526–1551. | |
Crown | 5/- | £0.25 | 1526–1965. | Sometimes known as "a dollar" – from the 1940s when the exchange rate was four USD to the GBP. |
Quarter guinea | 5/3 | £0.2625 | 1718, 1762. | |
Florin or double leopard | 6/- | £0.3 | 1344. | Gold; demonetized within one year. see note 2 below |
Noble | 6/8, later 8/4 | £0.3333, later £0.4167 | 1344–1464. | Increased in value in 1464. |
Angel | 6/8 | £0.3333 | 1461–1643. | |
Half mark | 6/8 | £0.333 | A unit of account, not a coin. Convenient as it was exactly one-third of a pound. | |
Third guinea | 7/- | £0.35 | 1797–1813. | |
Rose noble or ryal | 10/-, later 15/- | £0.5, later £0.75 | 1464–1470, 1487, 1553–1603. | Increased in value from 1553. |
Half sovereign | 10/- | £0.5 | 1544–1553; 1603–1604; 1817–1937 | A bullion coin since 1980. |
Halfpound | 10/- | £0.5 | 1559–1602; 1642–1644 | |
Double crown | 10/- | £0.5 | 1604–1619; 1625–1662. | |
Half laurel | 10/- | £0.5 | 1619–1625. | |
Half unite | 10/- | £0.5 | 1642–1643. | |
Half guinea | 10/6 | £0.525 | 1669–1813. | |
Mark | 13/4 | £0.667 | A unit of account not a coin, but widely used. | |
Spur ryal | 15/- | £0.75 | 1604–1625. | |
Sovereign | 20/- | £1 | 1489–1604; 1817–1937 | A bullion coin since 1957. |
Unite | 20/- | £1 | 1604–1619; 1649–1662. | |
Laurel | 20/- | £1 | 1619–1644? | |
Carolus | 20/-, later 23/- | £1, later £1.15 | reign of Charles I. | |
Broad | 20/- | £1 | 1656. | |
Guinea | 21/- | £1.05 | 1663–1799, 1813. | |
Rose Ryal | 30/- | £1.50 | 1604–1625. | |
Two pounds | 40/- | £2 | 1823–1937. | Gold; "double sovereign". |
Two guineas or double guinea | originally 40/-, later 42/- | originally £2, later £2.10 | 1664–1753. | Originally known as a "forty-shilling piece"; value changed to forty-two shillings after the Proclamation of 1717 finally settled the value of a guinea. |
Fifty shillings | 50/- | £2.50 | 1656. | |
Triple unite | 60/- | £3 | 1642–1644. | |
Five pounds | 100/- | £5 | 1826–1990. | Gold. |
Five guineas | originally 100/-, later 105/- | originally £5, later £5.25 | 1668–1753. | Originally known and valued as five pounds, but became five guineas when the guinea was standardised at one pound and one shilling in 1717. |
Notes:
- Denomination issued for use in the colonies, usually in Ceylon, Malta, and the West Indies, but normally counted as part of the British coinage.
- The medieval florin, half florin, and quarter florin were gold coins intended to circulate in Europe as well as in England and were valued at much more than the Victorian and later florin and double florin. The medieval florins were withdrawn within a year because they contained insufficient gold for their face value and thus were unacceptable to merchants.
Decimal
Name | Value | Notes |
Half penny | p | Sometimes written "ha'penny", but normally called a "half-pee"; demonetised and withdrawn from circulation in December 1984. |
One penny | 1p | |
Two pence | 2p | |
Five pence | 5p | A direct replacement for the shilling. The coin was reduced in size in 1990. |
Six pence | 6p | Minted uniquely in 2016 as a commemorative coin. |
Ten pence | 10p | A replacement for the florin. The coin was reduced in size in 1992. |
Twenty pence | 20p | Introduced in 1982. |
Twenty-five pence | 25p | A commemorative coin issued between 1972 and 1981 as a post-decimal continuation of the old crown. From 1990 it was replaced in the commemorative role by the £5 coin. |
Fifty pence | 50p | Introduced in 1969, just prior to decimalisation, to replace the ten shilling note. It was initially sometimes called a "ten bob bit". The coin was reduced in size in 1997. |
One pound | £1 | Introduced in 1983 to replace the one pound note. |
Sovereign | £1 | Gold bullion coins, available in four other sizes too: quarter sovereign, half sovereign, double sovereign and quintuple sovereign. |
Two pounds | £2 | Issued as a commemorative coin from 1986 and in general circulation from 1998. |
Britannia | various values | Gold and silver bullion coins, either one — or multiples, or fractions of — troy ounces. |
Five pounds | £5 | Introduced in 1990 as a commemorative coin, as a continuation of the old crown, replacing the commemorative role of the twenty-five pence coin. |
The Valiant | £10 | Bullion / collectors' coins issued in 2018 and 2019; 10 troy ounces of silver. |
Twenty pounds | £20 | Introduced in 2013 as a commemorative coin. |
Fifty pounds | £50 | Introduced in 2015 as a commemorative coin. |
One hundred pounds | £100 | Introduced in 2015 as a commemorative coin. |
Banknotes
Note: The description of banknotes given here relates to notes issued by the Bank of England. Three banks in Scotland and four banks in Northern Ireland also issue notes, in some or all of the denominations: £1, £5, £10, £20, £50, £100.Name | Value | Circulation | Notes |
Five shilling note | 5/- | non-circulating | Originally issued by the treasury in 1914-1928. Not replaced by Bank of England notes. |
Ten shilling note | 10/- | non-circulating | Originally issued by the treasury in 1914. Replaced by Bank of England notes from 1928. Commonly known as "ten bob note" or "half a quid". 1914–1970. |
Post-decimalisation British Notes:
!Name
!Value
!Circulation
! class="unsortable" | Notes