4 ms·

Both are correct! Before the pound was decimalized, 12 pence were indeed a shilling, and 20 shillings a pound.

• dbcurtis 5y ago
  Of you go back far enough, I think it is true that at one time they were three currencies that floated against each other.
  • siltpotato 5y ago
    Huh? How does that work?
    • dbcurtis 5y ago
      At risk of displaying my ignorance of English history, were they not at one time the currencies of three different kingdoms?
    • astrange 5y ago
      It's just like in fantasy novels, you have your silver and gold coins.