The Threepenny Bit Pound.

Published by: Bill W on 27th Mar 2017 | View all blogs by Bill W

A new pound coin will be in circulation tomorrow.

It looks like the old Threepenny Bit, perhaps a bit posher looking, which makes me wonder.........is that all the buying power of a pound is nowadays, could we buy the equivalent of todays pound years ago with threepence.

I was standing in a bus stop a few weeks ago next to another young boy with lots of wrinkles, when I spotted a pound coin on the floor. I asked him if he had dropped it, he told me that he hadn't, and even if it had been his, he wouldn't risk doing his back in by bending down for it............I told him that I'd risk it, and picked it up. 

What are your thoughts on the new coin.....do you have one yet?

 

Comments

24 Comments

  • Mary B
    by Mary B 4 months ago
    Thank you for your timely update Bill. I don't feel this new coin has been particularly well promoted, but I will wait and see when I receive my first one just how I feel about it.....
    The mathematics of the buying power of the old Threepenny coin vs today's pound coin is too much for me to consider at this time of night - but it is something to consider in earnest at another time.....

    How many of us knew, or remember that the pre-decimalisation British system of coinage was introduced by King Henry II.
    It was based on the troy system of weighing precious metals. The penny was literally one pennyweight of silver.
    A pound sterling thus weighed 240 pennyweights, or a pound of sterling silver.

    That's another calculation - for another day.....! :)
  • Bill W
    by Bill W 4 months ago
    Seen them on the telly but not seen one for real yet.
  • Phyl G
    by Phyl G 4 months ago
    I can remember having a bracelet given to me made from silver three penny bits. No idea what happened to it.
  • phillip J W
    by phillip J W 4 months ago
    I seem to remember working out the other day that a simple packet of crisps [you know - little twist of blue paper to hold the salt?] which cost us 3d, would now cost us the equivalent of 17s 6d
    ...Can't say as that gets us anywhere mind, but it's an interesting reflection on Society,
  • Mary B
    by Mary B 4 months ago
    Goodness Phillip! I don't think I will ever be able to buy a bag of crisps again - not at that price (and no salt)!! I have yet to see the new coin but I am looking forward to when I do......
  • Bill W
    by Bill W 4 months ago
    Thank you Phillip for adding credence to our little blog, so we're not wrong in suggesting that the buying power of the new pound is only worth 3d in old money. Has anyone got the new nicker yet?
  • Jackie H
    by Jackie H 4 months ago
    I am still waiting for them to bring the farthing back....if the pound gets any smaller...lol
    Edited: in hindsight the threepenny bit IS a tad smaller...

    http://www.katetattersall.com/british-currency-during-the-victorian-era-knowing-your-farthings-from-your-florins/
  • Sandy H
    by Sandy H 4 months ago
    All the car parking and vending machines will have to be replaced, this will be a huge expense.
  • Maureen C
    by Maureen C 4 months ago
    Sandy, I believe it's about fifteen pounds per machine!
  • Jackie H
    by Jackie H 4 months ago
    I say, bring back the penny to use in public loos...Ok, seems I am going off topic....lol...
  • Sandy H
    by Sandy H 4 months ago
    Is it really Maureen......
    Do you think perhaps car parking fees will increase .....
  • Sandy H
    by Sandy H 4 months ago
    Some public toilets charge 20p Jackie...
  • Maureen C
    by Maureen C 4 months ago
    On the continent you need 50 cents for the loo!!
  • LJ E
    by LJ E 4 months ago
    Where are the 'public toilets' nowadays? Most have gone the way of the dinosaur.
    As for using a café.....would that be a 'Tea and a wee'?!
    Haven't seen the new coin yet but I would volunteer to have a sackful delivered to me, just to test them out!
  • Jackie H
    by Jackie H 4 months ago
    Now I am going back 40 plus years but...do the large London department stores, and large BR stations such as at Euston, still make one have to pay for the privilege of using their loos....I well remember the days of " spending a penny, " well not me if I could have helped it....Oh how I would wait, and I saw others too, who would wait cross legged for a person to come out, then quick as a flash, make a grab for the door before it closed, all this because we wanted to save a Penny, well we didn't always have a penny in our pocket, did we?...LOL...
  • Phyl G
    by Phyl G 4 months ago
    I used to travel from Romford to Liverpool Street Station. I can't remember whether you had to pay or not but there was a lady attendant who used used to check the toilet and wipe the seat before you went in. There was a saucer on the shelf where you could leave a tip.
  • Ann R
    by Ann R 4 months ago
    The London stations (and Birmingham) charge quite a bit, think it is something like 20 pence in Birmingham, but I am relying on my memory now. The daftest one I have visited is in Paddington station, it is down two flights of stairs and no lift, not good when you have a suitcase.
  • Jackie H
    by Jackie H 4 months ago
    Ann I once worked at Paddington Station in the main concourse bar several years ago and I know well the loos you are referring to on platform one...These were the same down flights of concrete steps that a very overweight cat, one would often see, this " fat "cat became very famous...Many came from all around just to see this cat....Link to story...

    https://en.wikipedia.org/wiki/Tiddles
  • Bill W
    by Bill W 4 months ago
    Still haven't seen the new one, but I have noticed women emptying their purses to get rid of the old pound coins.......I've got a jar somewhere and there must be a fair few pound coins in it. must root them out and go and get one of them Ferrari cars to knock about in......ha ha ha
  • Ann R
    by Ann R 4 months ago
    Jackie - thanks for the link, what an overweight cat lol, poor thing. Yes, the loos in Paddington sound like the one I was describing.
  • Sandy H
    by Sandy H 4 months ago
    You must have an enormous jar Bill ....)
  • Bill W
    by Bill W 4 months ago
    Well it's an enormous car, Sandy....ha ha ha
  • Maureen J
    by Maureen J 4 months ago
    Sometimes I think change is introduced for the sake of causing disruption. The overall cost must be enormous and I suspect the public feels the effects more than the treasury.
  • Jackie H
    by Jackie H 4 months ago
    I, like many, do not like change, same as changing over to our now decimal currency, at the time we never thought we would get used to it but, now when we think back to our " old " money, it is hard to remember how many pennies, shillings, Sixpenny bits to the pound, etc, etc...That is until now, they have resurrected the Threepeny Bit...Maybe next they will bring out a fiver that resembles the old Half Crown, and getting rid of the plastic.....lol...
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