Cardall's Corner - February 2011 - “Money Matters”

The 40th Anniversary of ‘decimalisation’ is on 14th February 2011. From the 16th century until 1971, £1 was worth 20 shillings (20s) and one shilling was worth 12 pence (12d), the “d” coming from the Latin denarius, a coin used in Roman times. Older residents will remember the confusion when overnight a pound became worth 100p not 240d.

The symbol “p” was used to distinguish new pennies from old. The first decimal coins (5p and 10p) had appeared in 1968. Then 50p coins replaced ten shilling notes. The half new penny (½p), new penny (1p), and two new pence (2p) coins arrived in 1971 - the word ‘new’ being dropped in 1982. In 1983 the £1 coin replaced the £1 banknote, and other changes include the introduction of 20p and £2 coins, and further redesigns in 2008.

In mediaeval times, Southam minted ‘tokens’ at the Old Mint which were accepted by local traders in exchange for goods. During the Civil War, King Charles reputedly used Southam’s Mint to make coins to pay his soldiers. In 1992, the landlord of the Old Mint, Geoff Wright, commissioned a replica Southam Token to commemorate the 350th Anniversary of the Battle of Southam. We have one of these replicas in Southam’s Cardall Collection.

Southam’s Cardall Collection contains artefacts and documents relating to the history of Southam and surrounding area. Contact: The Friends of the Cardall Collection, The Old Labour Exchange, 2/4 Warwick Road, Southam, CV47 0HN, (email: cardallcollection@hotmail.co.uk)


This article has been kindly written by Robert Cardall

> Return to articles

Articles Published during 2011
Article Name Author
> Cardalls Corner - April 2011 - Weddings in the News Robert Cardall
> Southam of Yesteryear - Looking Back - April 2011 Bill Griffin
> Pete's Piece - Down the Garden Path - April 2011 Farnborough Garden Centre
> Pet Corner - Fresh Eggs for Easter - March 2011 Avondale Veternary Centres
> Pete's Piece - Down the Garden Path - March 2011 Farnborough Garden Centre
> Pet Corner - Lost and Found Pets Avondale Veternary Centres
> Cardall's Corner - February 2011 - “Money Matters” Robert Cardall
> Southam of Yesteryear - February 2011 - Agatha Christie Bill Griffin
> Pete's Piece - Down the Garden Path - February 2011 Farnborough Garden Centre
> Pet Corner - Fresh Eggs for Easter? District Advertisers
> Pet Corner - Keeping Pets Safe in Winter Weather Avondale Veternary Centres
> Cardall's Corner - January 2011 - “Snow Business” Robert Cardall
> Pete's Piece - Down the Garden Path - January 2011 Farnborough Garden Centre
> Pet Corner - Keeping Pets Safe in Winter Weather Avondale Veternary Centres

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