In response to a comment made in a group I found the following link and whilst I realise that American and other non English/Australian readers may not appreciate to the same extent I think it worth sharing world wide.
What is a penny (1d) worth now?
Ah, the lovely old thruppeny piece with the portcullis.
I recall getting sixpence for cleaning the brasses and chopping the kindling to start the fires. With it I got into the Saturday morning matinee (3d.) at the local cinema - Zoro, Robin Hood, Tarzan etc. and still had thruppence change.
I remember them well, despite growing up in a land which had a decimal currency. (100 cents to a shilling)
The notes were marked "20 shillings or one pound", but the shillings were the official value.
Interestingly, the one cent, five cent and ten cent coins had holes in the centre, so that they could be strung together and worn. (for carrying.) Long after the one cent coin (purchasing power = 1/2000 of a pound.) had ceased to have any purchasing power there was still a great demand for them. The central bank therefore did not withdraw them from circulation until it finally realised why demand was so high. For only one shilling one could buy 100 high quality, rust proof washers for nailing down corrugated iron roofs, etc. A hardware store only supplied 25 brass washers for the same price!
interesting. In Canada now, there is no longer a penny in circulation. Pennies are no longer accepted anywhere. When making a purchase, you simply round up or down.
I did not know that. um
Yup. The copper was worth more then the tender itself..