Re:Understanding British Money: What's a Quid? A Shilling?
by NovemberWhiskey on Saturday March 04, 2023 @09:07AM
(#35020834)
As mentioned here, you will often see historical prices quoted as £x ys zd ... which might lead to the question "why is a penny abbreviated to d"?
In fact, the £ sign is a stylized letter L, and the system is really Lsd: libra (meaning, amongst other things, pound in Latin), solidus, denarius. This is the Carolingian monetary system and, as the name suggests, goes back to the Holy Roman Empire - as early as the 8th century.
That includes the L 1 = 20 s = 240 d ratio that made its way to pre-decimalization British currency.
In fact, the £ sign is a stylized letter L, and the system is really Lsd: libra (meaning, amongst other things, pound in Latin), solidus, denarius. This is the Carolingian monetary system and, as the name suggests, goes back to the Holy Roman Empire - as early as the 8th century.
That includes the L 1 = 20 s = 240 d ratio that made its way to pre-decimalization British currency.