Peter: The coin that was got rid of by Mrs. Thatcher 20 years ago was not a
half-penny, it was a half-p. It was created at the same time as the rest of
the wretched decimal coinage in Britain, in 1971, and had no existence prior
to that.
Once the decision had been made to stick with the pound as the basic unit of
the new currency, the problem arose that the smallest unit in the new
system โ the โnew penny,โ universally referred to as the โpโ (pronounced
โpeeโ) โ would be worth 2.4 of the old penny, and even 1.2 of the old
halfpenny (pronounced โhaโpennyโ). The decision was made, therefore, to
bring in the new system with a half-p, worth 1.2 old pennies. It proved to
be a nuisance, though; banks dropped it, rounding everything to the p (up or
down, according to their own advantage); and after a few years it was
scrapped. Nobody missed it because nobody liked it, and Mrs. Thatcher did
the right thing.
The right thing, but not the Right thing โ that would have been to junk the
horrible Euro-ist decimal system altogether and restore pounds, shillings,
and pence.
To the end of his life โ he died in 1984 โ my father clung to the old
names, referring to one pound fifty p as โthirty bob.โ
(The โthirty-seven and a half guineasโ in my previous posting did not
survive translation to the web. It would have been 39 pounds 7 shillings
and sixpence.)






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