#Yes I also laughed when i found out old british money was written as Lsd

[aspiringhorrorauthor]

As is tradition with Dracula Daily, let me give you today’s Cultural Lesson Based On Today’s Entry. Let’s talk about money.

See, if you’re thinking Dracula and the characters are handling what we see today as British money, don’t be fooled! Dracula is set in the 1890s, and they use an entirely different money system to what we use now, it just seems on the surface that it’s the same.

For context, if you didn’t know, Britain uses pounds (£) and pence (p) as the currency now, with 100p to £1. This is called decimalisation, and has been in practice since the 1970s. Before then, we were the last country in the world to still use the Roman monetary system.

In the Victorian era, there were 3 used measurements of currency: Pounds (L), Shillings (s) and pence (d), which was written in that order: l.s.d, so a sink in a shop may list the price as 1.7.2, which would be 1 pound, 7 shillings and 2 pence.

Now lets break those down a little more. There are 240 pennies to the pound, and 12 pence to the shilling. That makes 20 shillings to the pound. Most working class laborers would be using shillings as their highest coin in day-to-day living. You could get a pint of beer for a couple of pence. A pound was an incredible amount of money to your average person (maybe less so to the fancy characters of Dracula).

But I want to talk about the coins.

See, a penny was not the lowest coin in circulation. That was a farthing, which was worth ¼ (a quarter) of a penny. Then next was a half penny (or ha’penny if you prefer). Of course there was the penny. Then there was a two pence (tuppence) and a three pence (thrupence) piece. Then you had your half shilling (sixpence, pronounced more like sixpunce, with a ‘u’ rather than an ‘e’), and the shilling itself (twelve pence, remember? Also known colloquially as ‘bob’). Then you had the florin, which was 2 shillings exactly (24 pence). From there you had your half crown, which was worth 2 shillings and six pence, for a total of 30 pence (though you’d never call it that), and then a crown, which was 5 shillings. From there the next step is the half-sovereign, worth half a pound (120 pence, or 10 shillings), and finally the gold sovereign coin, worth £1, or 240 pennys, or 20 shillings.

Yes, that’s genuinely the method of money these characters are using. Some old people insist it was easier than the current system.

Here’s some more fun money facts in case they come up later!

A guinea is a pound and a shilling (1.1.0, or 252 pence), and was used to make things seem a little cheaper to wealthy buyers. It’s used from time to time in Victorian books so it’s worth knowing.

The correct way to read out prices is ‘[x] and [y]’, so say you were selling something and wanted a shilling and fivepence for it, you’d ask for “1 and 5”. This is often used for the stereotypical cost of a half a crown, so when someone in a period drama asks for “2 and 6”, what they’re asking for is 2 shillings and sixpence.

There is a fairly obscure coin that I’m not sure was in circulation at this time which was nicknamed ‘The Barmaid’s grief’, it was only used for a few years. This was worth 4 shillings and was the same shape and (very nearly) size as a crown (5 shillings). So people would buy a pint of beer, the barmaid would pick up the coin in a hurry and not realise that it wasn’t a crown, and give 4 shillings back along with change from a shilling for the beer. So people made money from buying beer. It was not a good time to be a barmaid.

#Dracula daily #money #british money #Yes I also laughed when i found out old british money was written as Lsd #For someone who is not all that interested in coin collecting I love knowing about the old coins! #My dad was a bairn when they changed the coins around. His dad used to keep the old coins for him from the shop and give out the new coinage #Some people of a certain age get the value of shillings mixed up because post decimilsation a shilling could still be used and was worth 5p. #I worked as a social historian for one summer can you tell? I was paid £8.75 an hour to tell people this. So you guys owe me like £3.50 #For my work here.