Confused

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23

A groat digression.

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24

thanks for the link. I understand now.

times have changed. shilling are an historical relic. the decimalisation mentioned above allows for an update from pence to pounds.

Why havenā€™t they changed it?! likely cuzā€¦ it works, so why bother

25

:point_up_2:t3: The guiding principle for most of life.

Whatā€™s even more bizarre is that in the USA, which has had decimal currency from the beginning, they nevertheless used fractions to quote stock prices until 2000! Weā€™d have to be quoting TSLA as selling at 672 1/8 if they were still doing that.

26

I donā€™t like to use fractions for many things. There are exceptions. 1/4 of an hour rather than 15 minutes seems easier to calculate, when calculating the cost of something on a per hour basis. Itā€™s just like the above linked article I realise now

I like stock prices in Ā£ followed by pence. I find it easier to work with.

0.125 seems easier to me than 1/8. Even to calculate percentages.

I, like everyone else I suppose, think in Ā£ or $ as the unit and pence or cents as a sub-unit

27

Can we talk about Guineas, which are 21 shillings, and are still in use to buy things like racehorses.

28

Conversely, when it comes to betting odds, the USA uses decimal numbers and the UK uses fractions.

29

So that is Ā£1 1s?!
or in todayā€™s money Ā£1.50?

30

For anyone not in the know:

The buyer pays the agreed price in guineas, the seller gets the agreed price in pounds. The auction house (or whatever) takes the 5% difference as their profit for running the market.

31

Guineas?

32

ā€œGuineas is good for youā€

(sorry, thatā€™s two terrible puns in one thread!)

33

Sorry Iā€™m lost in the idiomatic meaning

I did search online and it came as a coin issued with
approximately 1/4 of an ounce of gold. Guess thatā€™s why itā€™s good

34

1191Ɨ865 98.6 KB

As I said, it was a terrible pun!

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35

Please donā€™t joke about what is sacred

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36

Ah yes, Guinness, the drink the UK went war with Argentina forā€¦

ā€œThe Falklandsā€¦That wasnā€™t even a war for oil, it was a war for penguins. Which we all know is an essential ingredient in making Guinness. You boil them up, white stuff floats to the top, job doneā€. -Pub Landlord

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