(as here) then, from 1982 onwards: 'one penny 1', 'two pence 2', 'five pence 5' (see here). They were originally marked 'new penny 1', 'new pence 2', 'new pence 5', etc.

In fact, the decimal coins have never had 'p' written on them. A 'cee note' (pronounced as 'see note') is a slang term for a one hundred dollar bill, because C is the Roman numeral for 100.Ĭlick to expand. By the way, the term 'cee' exists in American slang when speaking of money, but it isn't coinage. As a result, there never was any reason for the custom to develop of calling a 'cent' a 'cee'. Meanwhile, in the US, no coin has ever had '1 c' or '5 c' written on it the coins actually said 'one cent' or 'five cents', and in any case the symbol for 'cent' was never an ordinary letter 'c'.

But how do you distinguish between the two? As the custom had always been to name the coin by what was written on it, people applied that practice to the new coins, and so the coin with '5p' written on it would be called just that - and 'p' in English is pronounced 'pee'. As a result, if you had two old coins that each had 'six pence' written on them, and I had one new coin that had 5p written on it, we each would have the same amount of money. For example, the old sixpence coin remained in use, but its value was not 6 new pence, but 2.5 new pence. Furthermore, you still had old coins circulating.

This was the start of the use of 'p' for pence. At the time of the currency conversion, the value of the new penny was 240% of the old penny, and so you needed a new symbol to differentiate. In addition, coins actually had 'three pence' or 'six pence' written on them. The symbols for both pounds and pence had their origins in Latin words, with the L for 'pound' coming from the Latin 'libra' (which is what Romans called their 12-ounce pound), and the d for 'pence' coming from the Latin 'denarius' (a Roman coin.) Before the currency conversion, the only name for pence was 'pence', and no one called them 'dee'. Wolfbm, before 1971 a pound was made up of 20 shillings, and each shilling was made up of 12 pence, which meant there were 240 pence in a pound.

20 euro cents to dollars