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  • Hi. I'm Gill at engVid, and today's lesson we're looking at British money, the UK currency.

  • Okay? And we're going to be looking at the present day currency, the notes and coins;

  • and then in the second part of the lesson, we'll be looking at the older currency, which

  • we had sometime in the past which is a bit different. Okay.

  • So, just looking briefly at the present day. I'll be showing you in a minute some actual

  • notes and coins. So, these are the main numbers of notes and coins, the pounds, and the pennies.

  • Okay? And just to explain: The "penny" is the singular, and there are two plural versions:

  • "pennies" and "pence". So, you can talk about 20 pence, 50 pence, or 50 pennies. Most people

  • say "pence" when they're giving the figure. 10 pence, five... Five pence, two pence, and

  • then obviously one penny or one p. Sometimes people just say: "P", just the letter "p".

  • 50p, 20p. So, we use that as well. Okay, so let's have a look at some of the actual notes

  • and coins.

  • Okay, so here are some examples of the notes and the coins. And starting at the top...

  • We don't have a 50-pound note, unfortunately, but here is a 20-pound note in a nice mauve

  • colour. They all have the Queen's head on one side, Queen Elizabeth II. On the other

  • side, there's a portrait of a famous person who's made some big contribution to the national

  • life. So, we've got here Adam Smith, the economist, going back to the 18th century. Okay, so that's

  • a 20-pound note.

  • Next one, the 10-pound note. Again, the Queen's head. Now, there's a slang term for the 10-pound

  • note, which is a "tenner", t, e, double-n, e,r, "tenner", okay. So, turning this one over,

  • we have Charles Darwin, the scientist. Okay. 19th century.

  • And then moving on to the 5-pound note, and the slang term for this is a "fiver", f-i-v-e-r,

  • "fiver". And there's the Queen again, and on the back we have a woman this time. A token

  • woman, Elizabeth Fry, who was a prison reformer in the early 19th century.

  • Okay, so that's a fiver. Okay.

  • And then... Oh, moving down to here, this is... There is a 2-pound coin that's bigger

  • than this one but the same colour, 2-pound coin. This is a 1-pound coin, and the slang

  • term for that is a "quid", q-u-i-d. Okay. Then half of a pound is the 50, 50-pence piece.

  • And this has this distinctive edge; little, flat edges to it. Okay. And on the back, this

  • is the back of the coin, Britannia, the sort of female figure who represents Britain, Britannia.

  • Okay. And so that's 50p.

  • Moving on to the 20p piece. Okay, the Queen's head on the front and another design on the

  • back. That also has little, flat edges. Right. We don't have a 10p, but that's slightly bigger

  • than these 5ps, and has a circular edge. So these are 5ps, a 2-pence piece or a 2p, and

  • finally, 1p, one pence or one penny. They used to be a half... Half penny, but they...

  • They were taken out of the currency a few years ago because they were so worthless,

  • really. Okay, so that's the current currency, and let's just go back now and have a look

  • at a few more slang terms for money.

  • Okay, so we've just looked at the slang terms for the notes: "tenner", "fiver", and "quid".

  • And then there are a few other terms: "ready money" or "readies", that's, you know, cash.

  • "Cash" is another useful term. It's not a slang term, but people say they would like

  • to be paid in cash, or: "Do you have the cash?" So this is the "ready money", "readies", rather

  • than paying by credit card, or debit card, or cheque. Okay. "Folding stuff", that's the

  • paper notes. It folds up, so it's called the folding stuff.

  • There are two terms to do with food: "bread" and "dough". The dough is what you put in

  • the oven, and the bread is what you take out. "Bread" and "dough", that's also a word for

  • money. "Dosh", "loot", "lolly", they're all sort of quite comical, humorous terms for...

  • For money as well. Okay, so now we'll move on to look at the older currency.

  • Okay, so now let's have a look at the older currency before 1971. And the reason I'm showing

  • this-you may be wondering-is because if you're reading old books, old novels, like by Charles Dickens,

  • and novelists like that, Jane Austen - some of these coins that we no longer use

  • might be mentioned, like the "shilling" in particular. The shilling. Maybe "half crown",

  • a "florin", the "guinea". So, I'll just run quickly through these, and explain that we

  • had to have this decimalisation because we were joining the European community and we

  • needed to have a simpler currency, because all the other European countries had a currency

  • based on units of 10 and 100.

  • So, at this time, before 1971, we had 240 pennies in a pound, not 100 pennies. We had

  • a shilling, which came between the penny and the pound, so there were 12 pennies in a shilling,

  • and 20 shillings in a pound. Okay? We had a coin called a half crown, which I'll be

  • showing you in a minute, which was worth two shillings and six pence, so that's two and

  • a half shillings. A florin coin, worth two shillings. This line here is how the shilling

  • was shown, like that.

  • We had a 10-shilling note, so that was worth half a pound. And also we had a 1-pound note,

  • whereas now we have a 1-pound coin. And the smaller coins: six pence, three pence, one penny,

  • a half penny. And long before this... This was no longer used in the 70s, but a

  • quarter of a penny called a farthing, and I'll be showing you one of those. There was

  • also a guinea, this word could come up if you're reading old books, which was worth

  • one pound plus one shilling, i.e. 21 shillings, and that was quite an elite kind of coin that

  • was for sort of expensive dress shops and for men's suits. They were priced in guineas,

  • rather than pounds, and it just meant the shop got more money from people, so it was

  • a bit of a trick, really.

  • Okay, so let's have a look, then, at the actual coins.

  • Okay, so just to show you what some

  • of these coins look like. This is the half crown, two shillings and six pence. This is

  • the florin, worth two shillings. This is the shilling. That's the shilling, worth 12 pennies.

  • This is the six pence, six pennies, half a shilling. These... These are three... Worth

  • three pennies each. And this was the more recent one. This was a much older one, little

  • silver, three-penny pieces. Okay. These are the penny, which is quite big. This is the

  • ha'penny, half penny. And this is the farthing, worth a quarter of a penny.

  • Okay, so I hope you found that interesting. A little historical information that might

  • be useful for you if you're reading older literature. And just to mention, the present

  • currency, as I said, is the pound. We don't belong... Although we're part of Europe, the

  • European Union, we don't have the euro currency. Most of the other European countries do, but

  • in the UK we are not part of the euro currency, and I think most people don't want to be.

  • We want to keep our pound currency, so let's hope we do. So, I hope that's been interesting,

  • and if you'd like to do the quiz on this topic,

  • please go to the website, www.engvid.com and do the quiz.

  • And if you'd like to subscribe to my YouTube channel, that would be great.

  • And hope to see you again soon. Okay?

  • Bye for now.

Hi. I'm Gill at engVid, and today's lesson we're looking at British money, the UK currency.

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