Speaking of Decimalization.... (user search)
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  Speaking of Decimalization.... (search mode)
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Author Topic: Speaking of Decimalization....  (Read 838 times)
Bono
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Posts: 11,703
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« on: July 06, 2005, 03:24:14 AM »

According to the front page of the Wikipedia today:

In 1785 the dollar was unanimously chosen as the money unit for the United States. This was the first time a nation had adopted a decimal currency system.



I'll give you two farthings and 5 schelings for that.
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Bono
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Posts: 11,703
United Kingdom


« Reply #1 on: July 06, 2005, 11:01:58 AM »

According to the front page of the Wikipedia today:

In 1785 the dollar was unanimously chosen as the money unit for the United States. This was the first time a nation had adopted a decimal currency system.



I'll give you two farthings and 5 schelings for that.

Depending on the age and the conditions of those coins, you might just be ripping yourself off. Wink

Probably, I don't claim to know what I'm talking about. Smiley
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Bono
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Posts: 11,703
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« Reply #2 on: July 06, 2005, 11:52:13 AM »

Five shillings is a crown, or a quarter of a Pound Sterling, or 25 new pence. Two farthings is change to insult a beggar with. (A farthing is a quarter penny.)
When the German Reichsmark was introduced in the 1870s, it was tied to the Gold Standard. One Mark equalled one British Shilling. However, while the Shilling was further subdivided into 12 pence or 48 farthings, the Mark was subdivided into 100 Pfennige. Which was new to Germans who were long used to 1 of the larger unit being 60 of the smaller one.

did you ever read some of Alexander Dumas's historic novels?
trying to find your way throug that monetary system was a pain in teh ass, but I made it. Smiley
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Bono
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Posts: 11,703
United Kingdom


« Reply #3 on: July 06, 2005, 11:55:11 AM »

Five shillings is a crown, or a quarter of a Pound Sterling, or 25 new pence. Two farthings is change to insult a beggar with. (A farthing is a quarter penny.)
When the German Reichsmark was introduced in the 1870s, it was tied to the Gold Standard. One Mark equalled one British Shilling. However, while the Shilling was further subdivided into 12 pence or 48 farthings, the Mark was subdivided into 100 Pfennige. Which was new to Germans who were long used to 1 of the larger unit being 60 of the smaller one.

did you ever read some of Alexander Dumas's historic novels?
trying to find your way throug that monetary system was a pain in teh ass, but I made it. Smiley
I did n aw. Smiley

wat?
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