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The pound (sign: £) is the main unit of sterling, [ 4 ] and the word pound is also used to refer to the British currency generally, [ 5 ] often qualified in international contexts as the British pound or the pound sterling. [ 4 ] Sterling is the world's oldest currency in continuous use since its inception. [ 6 ]
The half farthing ( 1 / 8 of a penny, 1 / 1920 of a pound) coin was initially minted in 1828 for use in Ceylon, but was declared legal tender in the United Kingdom in 1842. [61] The third farthing ( 1 / 12 of a penny, 1 / 2880 of a pound) coin was minted for use in Malta, starting in 1827. [61]
The British one pound (£1) coin is a denomination of sterling coinage. Its obverse bears the Latin engraving ELIZABETH II D G REG (Dei Gratia Regina) F D (Fidei defensor) meaning, 'Elizabeth II, by the grace of God, Queen, Defender of the Faith '. [1][2] It has featured the profile of Queen Elizabeth II since the original coin's introduction ...
It is used in some countries today and previously was used in many others. The English word "pound" derives from the Latin expression lībra pondō, in which lībra is a noun meaning 'pound' and pondō is an adverb meaning 'by weight'. 1 2 The currency's symbol is '£', a stylised form of the blackletter 'L' ( ) (from libra), crossed to ...
The £ grapheme in a selection of fonts. The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England. The same symbol is used for other currencies called pound, such as ...
The pound sterling (symbol: £; ISO 4217 currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha. The Bank of England has a legal monopoly of banknote issuance in England and Wales.
It had a diameter of 42 millimetres (1.7 in), and weighed 15.55 grams (0.500 oz t), twice the weight of the existing gold coin, the ryal. The new coin was struck in response to a large influx of gold into Europe from West Africa in the 1480s, and Henry at first called it the double ryal, but soon changed the name to sovereign. [2]
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and ...