Nottseagull
Well-known member
That will teach me to post quickly at work. I am off for a lie down!
There's no need for the sarcasm. In fact, there were only ten posts to glance through before yours, and three of them mentioned the error.
That will teach me to post quickly at work. I am off for a lie down!
Or pay rises! merit 11% inflation 18%=29% better than school this work lark! thanks amexI might not be able to remember the exact date of decimalisation but I do know that this isn't true. There was a jingle in the pre-decimalisation public info films (sung by The Scaffold) that exhorted us to "use your old coppers in six penny lots" as that equated to 2.5p exactly. It wasn't until August of that year that pennies and threepenny bits ceased to be legal tender
...add the addition of VAT in January 1973 and the Barber engineered boom and you have a quadruple whammy. I can't imagine we'll ever see inflation hitting 22% again.
That will teach me to post quickly at work. I am off for a lie down!
six shillings 30p
I was in Italy at the time and the currency conversion rate was 1,500 lire to the pound. Curiously, it was easier to do the mental arithmetic to convert lire into £sd than it was to do the conversion into the new dismal currency.It was a real pain calculating percentages in £ s d, and even would have been awkward if we had calculators.
You mean lower than £sd prices?There are many new products arrival and the price is lower than before. Wang
People in shops just treated me like I was a complete idiot who hadn't been able to grasp the simplest of things that everyone else had been coping with for ages.
Well spotted, I'm sure LondonBlue has always thought that 1p = 7d.Someone must have seen you coming as one new penny = 2.4 old ones. Probably too late to do anything about it though.
Year Inflation MultiplierI might not be able to remember the exact date of decimalisation but I do know that this isn't true. There was a jingle in the pre-decimalisation public info films (sung by The Scaffold) that exhorted us to "use your old coppers in six penny lots" as that equated to 2.5p exactly. It wasn't until August of that year that pennies and threepenny bits ceased to be legal tender
...add the addition of VAT in January 1973 and the Barber engineered boom and you have a quadruple whammy. I can't imagine we'll ever see inflation hitting 22% again.
1975 24.2% 6.3
In one month during 1975 or 1976 the annual rate of inflation hit 26.9%.
They were called 'threpenny bits', not joeys! They were small, thick, twelve sided coins with a brass like appearance. The joeywas a nickname for the groat (4d piece), although it may have (incorrectly?) been used for the silver threepenny piece. This was about the diameter of the current 5p, but thinner; it was last minted before the War, from memory.They had absolutly no comprehension of the 'tanner' the thrupenny joey and the fact that your average penny was not only as big as a wagon wheel but had a choice of at least 5 different monarchs on the heads side.
... your average penny was not only as big as a wagon wheel but had a choice of at least 5 different monarchs on the heads side.
There's no need for the sarcasm. In fact, there were only ten posts to glance through before yours, and three of them mentioned the error.
Victorian and Edwardian halfpennies also turned up, but they must have been much scarcer as I don't have much of a collection of them. As for the silver coins, pre-1947 examples were fairly rare as their silver content exceeded their face value. The same thing happened with the current 1p and 2p coins; pre-1992 2p pieces contain 3p worth of copper. However, there is no shortage of these in circulation, either because it is not worth the time identifying them (easy with a magnet!) or the fact that it is illegal to melt them down.This has only just struck me as unusual. It seems incredible to think that you could (and did) get pennies that had Victoria's head on them - the idea that a coin more than a 100 years old could be legal tender would probably astound today's youngsters.