Numismatic Dictionary

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There are 5 names in this directory containing the search term decimalization. Clear results.
crown
Refers to a British coin 38 millimeters in diameter that was originally struck as a commemorative of the monarch. Prior to decimalization, it had a value of five shillings and were struck as circulating coins even though few circulated. After decimalization, crowns were given the value of 25 pence. In 1990, it was changed to have a value of £5. Modern crown coins are struck for commemorative purposes and not intended for circulation. Many do not have a denomination except for the word "CROWN."

decimalization
The process of converting a currency and coinage system from a non-decimal denomination to a decimal (base 10) system.

florin
In a time before decimalization, a British coin worth two shillings.

halfpenny
A British coin struck pre-decimalization worth one-half of a penny.

shilling
Prior to decimalization in Great Britain, a shilling was one- twentieth of a pound. There were twelve pennies in one shilling.

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