Sunday, February 14, 2016
Remembering quids, tanners and bobs - fiftieth anniversary of Australian decimal currency
This is actually a problem, for much of the historical research I do falls in the pre-decimal currency period. So in memory of the old currency, each pound consisted of 20 shillings which in turn consisted of 12 pence. So 12 pennies to the shilling, 240 pence or twenty shillings to the pound.
In terms of coin, the farthing was one quarter of a penny, although by 1965 inflation had rendered it redundant. Then there were (among other coins) a half penny, the penny, a threepenny, a sixpenny, a shilling, and two shillings
In terms of common parlance, a pound was a quid, a shilling was a bob and sixpence a tanner. So 2 tanners equals a bob!
Given that I am forgetting, I should probably write a short history of currency to help me remember! Given other pressures, maybe the likelihood is a bob each way!