History Of Coinage And Currency In The United States And The Perennial Contest For Sound Money

To begin with, 4 farthings make 1- penny; 12 pennies make I shilling, and 20 shillings make I pound. In addition, there is a virtual farrago of terms, if not always actual coins, such as ha'pennies and thruppences and sixpences and crowns and balf-crowns and florins and guineas and heaven knows what other devices with which to cripple the mental development of the British schoolchild and line the pockets of British tradesmen whenever tourists come to call and attempt to cope with the currency. Needless to say, Pike gives careful instruction on how to manipulate pounds, shillings, and pence-and very special instructions they are. Try dividing 5 pounds, 13 shillings, 7 pence by 3. Quick now! In the United States, the money system, as originally established, is as follows: 10 mills make I cent; 10 cents make I dime; 10 dimes make 1 dollar; 10 dollars make I eagle. Actually, modern Americans, in their calculations, stick to dollars and cents only. The result? American money can be expressed in deci mal form and can be treated as can any other decimals ...»