Bonneville America Forums Forums Off Topic Discussion Forums Lounge Quid & pound

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For my friends across the pond , what's the difference ? And if they are the same why not just use one or the other not both? And what is a p I wish I understood the English monetary system better could someone take the time to explain it all? Please! Some of the shows I tend to watch come from over there and it puzzles me when someone sez x pounds and In the next breath uses quid instead ? I'm so confused lol

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P is short for pence as in 5 pence is 5P.It used to be 12 pence to a shilling or "Bob" you had a 10 "Bob" note.2 ten bob notes were a quid or pound so called because long ago there used to be a pound of gold in the english mint for every pound/quid in circulation.That went out the window eons ago though.
.A tanner was a sixpence.A Zac was a sixpence in Australia.A tray-bit was a thrupence or three pence.Of course we've gone metric to $ and cents now.The UK went metric too, so then there was New pence but it's long ago I don't think new pence is used anymore.Now it's just pence or P which is the plural for penny.
Hope this clears it all up for you

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Ya......that helped!!

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Thought you'd like it!