penny sterling
"Penny sterling" has evolved over centuries, originally made of silver and later copper, and remains a fundamental part of the British currency system.
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Definition
A2Modern Currency
(common)A unit of currency in the United Kingdom, equal to one one-hundredth of a pound sterling.
Example
- A candy bar costs fifty pence, which is half a pound sterling.
B2Historical Currency
(historical)A British coin worth 1/240 of a pound sterling, originally made of silver and later of copper.
Example
- In medieval England, a loaf of bread might cost a few pennies sterling.
C1Historical Weight
(historical, technical)A unit of weight amounting to 1/20 of a troy ounce.
Example
- Goldsmiths in the past used pennyweights to measure precious metals.
Similar
Terms that have similar or relatively close meanings to "penny sterling":
old pennypenny mailpenny packetpenny antesterling silverpenny dreadfulpin moneytwo penn'orththreepenny bit