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								The basic unit of money in London at this time was the English pound (£), which was further divided into 20 shillings or 240 pence. The system goes back to the early middle ages, and was kept basically intact until 1970. Shown here is a gold pound coin of James I's reign (1603-1625). If you look carefully at the top right edge, you will see '-OBUS', the last letters in Jacobus, the Latin word for James. It is marked 'XX' because a pound consisted of twenty shillings (s.)(source: rubens.anu.edu.au)
 
							 
  English Pound
 
							
								A pound was a lot of moneythree months' wages for a servantso other coins, of smaller value, were in circulation during the early seventeenth century. 
							
								
									
								
								
									| 
											Silver | 
											Shilling | 
											12 | Pence or 1 Shilling |  
									| 
											" | 
											Sixpence | 
											6 | Pence |  
									| 
											" | 
											Half Groat | 
											2 | Pence |  
									| 
											" | 
											Penny | 
											1 | Pence |  
									| 
											" | 
											Halfpenny | 
											1/2 | Pence |  
									| 
											Copper | 
											Farthing | 
											1/4 | Pence |  
							
 
							 
  Guinea Coin
 
							
								During the reign of Charles II (1660-1685), England once again had access to a ready supply of gold, and the guinea coin below (a guinea is 21 s., or just over a pound) commemorates the Royal Africa Company, whose badge was the elephant.(source: rubens.anu.edu.au)
 
							
							
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