Having lived for so many years with "old money" (such a simple system) I am
inclined to think that your uncle's purchase came to 12s 4d. Or Twelve
shillings and fourpence. The shopkeeper was taking advantage as so many did
when the new currency was introduced. ISTR that lots of things that were 5d
in old money suddely became 5p ( i.e. 12d) the following day!
By the way I think racehorses are still sold in Guineas and one or two of
the grander auction houses still sell in them too.
We often referred to five shillings as a dollar. That was in the days when
the exchange rate was fixed at $4 to a pound!
David Brister
1967 TR4A made in #'s s d,
or LSD as we used to call it.
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