a personal view by James Morcom
I have a few ideas on the possibility of a dozenal money system. I believe this to be a good idea:
*10 dozenals in a Penny|
*10 pence in a Shilling
*10 shillings in a Pound
This means we can bring about the return of oddities like:
|Farthing = 3 dozenals |
Groat = 4 pence
New Half Crown = 1s6d (or 1/6, or in dozenal *1·6 shillings)
Florin = 2 shillings
New Crown = 3 Shillings
The Victorians used to have a great deal of coins.
I believe it is a good idea to have a lot of coins even if they are rarely used!
These are the coins that could be used:
|1 dozenal||(Value of 1p)|
|2 dozenals||(value of 2p)|
|1 farthing||(value of 3p)|
|4 dozenals||(value of 4p)|
|1 Half penny||(value of 6p)|
|8 dozenals||(value of 8p)|
|1 penny||(value of 12p)|
|2 pence||(value of 24p)|
|3 pence||(value of 36p)|
|1 groat||(value of 48p)|
|6 pence||(value of 72p)|
|8 pence||(value of 96p)|
|9 pence||(value of £1·08)|
|1 shilling||(value of £1·44)|
|1 New Half Crown||(value of £2·16)|
|1 florin||(value of £2·88)|
|1 New Crown||(value of £4·32)|
|4 Shillings||(Value of £5·76)|
|1 half sovereign||(value of £8·64)|
|1 sovereign||(value of £17·28)|
|2 sovereign||(value of £34·56)|
|3 Sovereign||(value of £51·84)|
|6 Sovereign||(value of £103·68)|
As for the notes we could have:
|3 Shillings||(value of £4·32)|
|4 Shillings||(value of £5·76)|
|6 Shillings||(value of £8·64)|
|£1||(value of £17·28)|
|£2||(value of £34·56)|
|£3||(value of £51·84)|
|£6||(value of £103·68)|
|£*10||(value of £207·36)|
I have chosen 1 dozenal = 1p as a conversion because it is simple.
I will now show you the process of a dozenal currency change over. We would have at the beginning these decimal coins and notes:
|£2.00||*14·8d (1s 4·8d)|
|£5.00||*35·8d (3s 5·8d)|
|£10.00||*6E·4d (6s E·4d)|
|£20.00||*11T·8d (£1 1s T·8d)|
|£50.00||*2T8·8d (£2 Ts 8·8d)|
This will be the values of the decimal money at the beginning of the change over.
At the end of the 6 month change over the coins will get more expensive. The decimal £1 coin will become worth 8d (this is why I have suggested an 8 pence coin), from its former value of *8·4d. The 2p coin will go out of circulation at the end. Its size will be roughly the basis for the 1/2d. The 1p will also go out of circulation. The size of the 1p coin will be roughly the basis for the farthing.
The 1 dozenal coin will be a little smaller than the 1/2p. The 2 dozenal coin will much the same size as the 1/2p but will have the value of 2p. The 5p coin will become worth 4 dozenals (which is why I suggested a 4 dozenals coin), from its former price of 5 dozenals. The 10p coin will become worth 8 dozenals (which is why I suggested an 8 dozenals coin), from its former value of T dozenals. The 20p coin will go out of circulation.
The 50p coin will become worth 4d and will be renamed a groat, from a former value of *4·3d. The £2 coin will go out of circulation. The £5 note will become worth three shillings, from a former value of *35·8d. The £10 note will become worth 6 shillings, from a former value of *6E.4d. The £20 note will become worth £1, from a former value of £1 1s T·8d. The £50 note will go out of circulation.
The decimal coins that stay in will be given the names of their worth at the end of the change over, i.e. the £20 note will be worth £1 and will be known as £1! The decimal coins that have stayed will have their coin specifications changed within twelve years. The decimal notes that are in will have their specifications changed in 3 years time.
When I was mentioning the coins at the beginning I was talking about their value at the beginning of the change over. Any coins that I have not mentioned will either be made from past specifications or made anew.
All comments or queries welcome!