Decimalisation and Sovereign (British coin)

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Difference between Decimalisation and Sovereign (British coin)

Decimalisation vs. Sovereign (British coin)

Decimalisation is the process of converting a currency from its previous non-decimal denominations to a decimal system (i.e., a system based on one basic unit of currency and one or more sub-units, such that the number of sub-units in one basic unit is a power of 10, most commonly 100). The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling.

Australian dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Papua New Guinea, Tonga, Tuvalu, and Vanuatu.

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Crown (British coin)

The British crown, the successor to the English crown and the Scottish dollar, came into being with the Union of the kingdoms of England and Scotland in 1707.

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Decimal Day

On 15 February 1971, known as Decimal Day, the United Kingdom and Ireland decimalised their currencies.

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Guinea (coin)

The guinea was a coin of approximately one quarter ounce of gold that was minted in Great Britain between 1663 and 1814.

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Half sovereign

The half sovereign is an English and British gold coin with a face value half that of a sovereign: equivalent to half a pound sterling, ten shillings, or 120 old pence.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Spanish dollar

The Spanish dollar, also known as the piece of eight (peso de ocho or real de a ocho), is a silver coin, of approximately 38 mm diameter, worth eight Spanish reales, that was minted in the Spanish Empire after 1598.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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