![]() |
||
![]() |
23 April | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
|||||||
![]() |
Search ON THIS DAY by date | ![]() |
![]() |
![]() ![]() |
|||
![]() |
|||||||
![]() |
|
|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
||||||||||||||||||||||||
![]() |
1968: Decimal coins reach the high street
The first decimal coins are making their way into purses throughout Britain, in preparation for replacing the current system of pounds, shillings and pence by 1971.
The five new pence and ten new pence coins operate alongside the shilling and the florin, and will have the same value. They are also the same size and weight. They caused initial confusion to shoppers, many of whom refused to take them. There was further misunderstanding over the value of a penny. Many thought the five new penny coin was worth five old pence - when it is in fact worth a shilling, or 12 old pence.
Others, though, took the new money in their stride. "I suppose it will take a bit of getting used to," said one newspaper seller in the City of London, "but I don't think it will bother me at all. I've seen the pictures in the papers and it looks pretty simple to me." But a fruit-seller was concerned that the two new coins were being brought in ahead of the full range of decimal currency. "People will get used to a tenpenny piece being worth 24 pence, and then they will have to change their ideas," he said. Special training Two of London's biggest stores have given special training to staff in the use of the new coins. One supermarket manager was optimistic about his customers' attitudes to the changeover. "I think they've more or less adjusted right away," he said. "I think, though, they tend to regard them as shilling and two-shilling pieces rather than five and ten pence at this time - I think this will take longer." He added that it would be another six months before price tags changed to reflect the new currency, warning of "absolute chaos" if the change happened overnight. About 15m 10p coins and 20m 5p coins will be issued to begin with - a small fraction of the number of shillings and florins in circulation. Lord Fiske, chairman of the Decimal Currency Board, said the coins would be in the minority in tills and in change for a long time.
|
![]() |
![]()
|
![]() |
![]() |
Stories From 23 Apr
|
![]() |
||||||||||||||||||||||||
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
|||||||
![]() |
Search ON THIS DAY by date | ![]() |
![]() |
![]() ![]() |
|||
![]() |
|||||||
![]() |
![]() |
^^ back to top |
Front Page | Years | Themes | Witness | |
©MMVIII | News Sources | Privacy & Cookies Policy |