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December 2014

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Victorian Money

On Victorian Money (from Baedecker's London 1896)
  • sovereign or pound (gold) = 20 shillings
  • half-sovereign (gold) = 10 shillings
  • crown (silver) = 5 shillings
  • half-crown (silver) = (2 shillings & a six penny piece)
  • double florin (silver - rare) = 4 shillings
  • florin (silver) = 2 shillings
  • shilling (silver & same size as a sovereign) = 12 pennies
  • six penny (silver) = 6 pennies
  • three penny (silver) = 3 pennies
  • penny (bronze) = 4 farthings
  • half penny = 2 farthings
  • farthing
In 1896 1 sovereign was approximately 5 American dollars, 25 francs, 20 German marks, or 10 Austrian florins.

The Bank of England issued notes for 5, 10, 20, 50, and 100 pounds or more. These acted more like a cashier's check than paper money today. They were generally not used in ordinary life. This means that most people "dealt in coin." The exception was gentlemen and ladies, for whom any direct handling of money was considered common. When shopping they either had a servant with them to handle the coin (including gratuities), or paid on credit (AKA account). The shop would send a bill around to the townhouse at the end of the month, which would then be paid by the house steward, accountant, or personal secretary. A gentleman handling his own money is either no gentleman or engaged in nefarious activities.

Baedeker advises letters of credit (AKA circular notes) drawn on a major bank for travel, to be exchanged for local currency upon arrival. He also advises never carrying a full days worth of coinage about your person.

"In England alone of the more important states of Europe the currency is arranged without reference to the decimal system."
~ Karl Baedeker, 1896


Gail's Daily Dose
Your Infusion of Cute:

No, not instruments of torture, curling irons from the Victorian era.
Your Tisane of Smart:
Smart or creepy? The Cubicle Doorbell
Your Writerly Tinctures:
Flying out to BEAs in New York this May, v. excited!

Soulless: Waiting on galleys.
Changeless: In to editor.
CAKE in Space: First draft with betas.
Non-Fiction Millstone: Visiting old prof.

Quote of the Day:
"Whoever said money can't buy happiness simply didn't know where to go shopping."
~ Bo Derek

Comments

got a form to fill out as an independant contractor with a note to fill it out in order to get paid. Fingers are still crossed!
Oooo! Yay. I still haven't seen anything. They don't have to show the cover to me, mind you, but I think they will. So far they have been supper nice and excited about this book. My guess it within the next month or so. Thanks for keeping me posted!
i like nefarious activities.

english money

I don;t know if it is true, but I once heard that many German spies in WW II we caught in England because they couldn't make change.

The Fun We're...

Just think the fun we're not having by using decimal currency. Many traders must have pulled a fast one, school kids must have crammed their primers.
Whilst by this time it was no longer a coin, the amount of a guinea was still (then as now) a value in regular use amongst certain classes, notable horse racing and 'trade'.

http://en.wikipedia.org/wiki/Guinea_%28British_coin%29