On the Money

The introduction of decimal coinage to the UK was a long while coming. But the transition was surprisingly smooth.

James and Audrey Callaghan shopping in an experimental decimal coinage supermarket,  12 May 1967.
James and Audrey Callaghan shopping in an experimental decimal coinage supermarket, 12 May 1967 © Albert McCabe/Hulton Getty Images.

The UK abandoned its ancient coinage of pounds, shillings and pence (£sd) 50 years ago. A new decimal currency was introduced on 15 February 1971: D-Day. A jingle publicising the new coinage in the BBC’s Decimal Five series proclaimed that ‘Decimalisation will change your lives’. The replacement of the familiar half crowns (2s/6d), bobs (1s), tanners (6d) and more was a change that affected everyone: from shoppers struggling to understand the newfangled coins to schoolchildren thankful that tricky currency calculations had disappeared for good.

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