"12 pennies one shilling, 20 shillings one pound;  240 pennies one pound."    How much easier it was for the children post decimalisation in 1971 to learn that 100 pence made one pound when they had to do mathematical problems involving money.   Fifty years ago today Britain changed to decimal currency and new ½p, 1p and 2p coins were introduced with the silver coloured 5p, 10p and 50p coins having previously been introduced to replace the shilling, florin and ten shilling note.
This ten shilling note was replaced by the 50p coin in 1969 as it would be more durable than paper money.   Apparently this ten shilling note would have the buying power of about £7.12 today, or a pound would be worth £14.24.  The average weekly wage for men was £28 which has exceeded inflation and was £628 in 2019 and for women it was £14 and was £528 in 2019.  There are some interesting comparisons on  life in 1971    Now fifty years later the ways we live, work and spend money have changed greatly and we are becoming an almost cashless society, hastened by the Covid pandemic.