## Dozenal Money## 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:

1p | 1 dozenal |

2p | 2 dozenals |

5p | 5 dozenals |

10p | T dozenals |

20p | *1·8d |

50p | *4·2d |

£1.00 | *8·4d |

£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!