Username:  
Password:  
Register 
It is currently Thu Mar 28, 2024 1:47 pm

All times are UTC [ DST ]





Post new topic Reply to topic  [ 5 posts ] 
  Print view Previous topic | Next topic 
Author Message
 Post subject: Decimalisation
PostPosted: Wed May 15, 2013 12:54 pm 
Offline
User avatar

Joined: Wed Sep 19, 2012 4:17 pm
Posts: 1306
Location: St. Moritz
Thanks to Mr I for today's puzzle.

14th February 1971 = £1 = 240 pennies

15th Feb; £100 = 100 new pennies and each new pennie was worth two of the old ones.

Where did the other 40 go?

_________________
If you're not depressed you're not paying attention


Top
 Profile  
 
 Post subject: Re: Decimalisation
PostPosted: Wed May 15, 2013 3:03 pm 
Offline

Joined: Fri Aug 18, 2006 6:29 pm
Posts: 9787
Location: Just down the road from the Telstar
Each 'new' penny was worth 2.4 of the old ones, simples.

_________________
I like the comfort zone. It's where all the sandwiches are.


Top
 Profile  
 
 Post subject: Re: Decimalisation
PostPosted: Thu Oct 02, 2014 7:35 pm 
Offline
User avatar

Joined: Fri May 14, 2010 6:13 pm
Posts: 624
Down the back of the sofa?


Top
 Profile  
 
 Post subject: Re: Decimalisation
PostPosted: Sun Oct 26, 2014 9:19 am 
Offline
User avatar

Joined: Thu Aug 17, 2006 8:25 pm
Posts: 21941
BillinghamPoolie wrote:
Each 'new' penny was worth 2.4 of the old ones, simples.


But it wasn't was it. 1 penny was supposed to be worth half a new penny. In fact if you took four old pennies to the shop you would get the value of 2new pence. But when it got to a shilling it all went pear shaped. A shilling - 12 old pence was worth 5 new pence! Where has the two gone? By the time you got up to a quid, you two pennies had dropped in value from 1 new pence to 0.83 pence.

Either way, you lost 17% of the value.


Top
 Profile  
 
 Post subject: Re: Decimalisation
PostPosted: Tue Oct 28, 2014 4:16 pm 
Offline

Joined: Fri Aug 18, 2006 6:29 pm
Posts: 9787
Location: Just down the road from the Telstar
Mr Irrelevant wrote:
BillinghamPoolie wrote:
Each 'new' penny was worth 2.4 of the old ones, simples.


But it wasn't was it. 1 penny was supposed to be worth half a new penny. In fact if you took four old pennies to the shop you would get the value of 2new pence. But when it got to a shilling it all went pear shaped. A shilling - 12 old pence was worth 5 new pence! Where has the two gone? By the time you got up to a quid, you two pennies had dropped in value from 1 new pence to 0.83 pence.

Either way, you lost 17% of the value.


Within two weeks of Decimal Day (15th February 1971), the penny (1d) and threepenny (3d) coins had left circulation and even sixpences were becoming rare.

_________________
I like the comfort zone. It's where all the sandwiches are.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 5 posts ] 

All times are UTC [ DST ]


Gadgies online

Dodgepots browsing this forum: No registered users and 140 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  







The Bunker. The only HUFC forum with correct spelling and grammar.