This was actually perfect. The only thing is that there wasn’t a lot of time spent explaining the coins. What is a pence worth? What can you buy with it? Same thing with a two pence.
1 pence is 0.01 pounds. So 100 pennies is worth a pound. 2p is 0.02 so 50 2ps are worth a pound. Same with 5p (£0.05) so 20 is worth a pound. 5 20ps are a pound and 2 50p is a pound. That’s all the p goes to. 1p, 2p, 5p, 10p, 20p and 50p.
Frank Hooper: The £50 is not the highest value Bank of England note: the bank also produces one-million pound notes and one-hundred million pound notes. The £50 is the highest value note issued for general circulation, although you get looked at as if a criminal if attempting to use one for everyday transactions. Incidentally, notes issued by the various banks of Scotland and Northern Ireland authorized to issue banknotes are legal currency in Scotland and Northern Ireland respectively they are not legal tender anywhere within the United Kingdom.
@@UrbanSipfly in America we call paper money dollar(s) aka dollar bill(s) similar as the UK calls them pounds. £5 =five pounds in America $5 = five dollars but our smallest bill is $1
I’m planning on taking a trip to London next year and I’ve never travelled outside of the U.S. and I’ve been finding your videos not only entertaining, but also informative for when I go over there. I’m sure I’d survive on my own, but just knowing different things makes me feel less nervous about traveling there by myself. I love your videos. :)
The reason Americans complain about coins is because we for the most part just pay in bills/notes. The only coins that are common are 25 cents, 10 cents, 5 cents and 1 cent coins (there are others but no one really uses anything else), so when I go to the UK it’s strange because a handful of coins can be worth a lot of money, whereas in the US a handful of coins might add up to a dollar or two.
Also, our 5c coin (nickel) is about as large as a 25c coin (quarter) so often you reach in your pocket and think you have enough money, but then you come up short on change and have to use a $1 bill.
zuka 'zamamee U.S. currency a 5 cents coin is a lot smaller than a 25 cents coin and a 5 cents coin edges ridges are very smooth so no way you can mistaken it for a 25 cents coin even you are a foreigner to the United States.
In Australia when you wallet is nearly empty, you can 'find' over twenty bucks in loose change just in coins. so you weren't broke after all, lol. I imagine with two pound coins etc, worth twice as much as ours, that could be doubly true in UK.
@@1christuffa: Plus the fact that when disposing of old armchairs and settees it's advisable to turn them upside down and tear-open the lining covering the underneath because coins have a habit of slipping from pockets and down through the sides and the back of the seat. Once did that with an old settee and found £11 in coinage. That's $20 Australian, at the rate of exchange for today (19th February 2019).
Dollar = buck = clam , simolean, smacker (usually with a large amount of dollars), bone. There's also a sawbuck (10 dollar bill), a Hamilton (also a 10 dollar bill because Alexander Hamilton is on it), a Benjamin (100 dollar bill because Benjamin Franklin is on it), a fin (five dollar bill).
This was actually really interesting! As an American I’ve always wondered what all the different British money slang meant. I can also see how our money slang here in the US would be confusing to someone not from here.
I remember being in London a few months ago, and I was just like you telling the cashier “can you just take the money?!” Idk what I’m looking at!!! Lol
If Americans think British money in confusing NOW, they should be glad it's no longer the old system of pound/shilling/pence! Things got MUCH easier after decimalization. Speaking of changes, the coins have changed since I've been there last. I dunno if I'll even recognize the new pound coin when I see it!
For pre-decimalisation insanity, take a look here: en.wikipedia.org/wiki/Coins_of_the_pound_sterling#Pre-decimal_coinage And for how the actual transistion was done, look here: en.wikipedia.org/wiki/Decimal_Day
240 pence in a pound: 12 pence in a shilling, 20 shillings in a pound. Farthings (1/4 pence) half-farthings, guineas, crowns, groats, florins... it was nuts! :D
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B D Scottish Banknotes are legal currency - i.e. they are approved by the UK Parliament. However, Scottish Bank notes are not Legal Tender, not even in Scotland. In fact, no banknote whatsoever (including Bank of England notes!) qualifies for the term 'legal tender' north of the border and the Scottish economy seems to manage without that legal protection. What’s classed as legal tender varies throughout the UK. In England and Wales, it’s Royal Mint coins and Bank of England notes. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. (Courtesy of Wikipedia!).
Thank you! Funny story: On a trip to Canada I used a travelers check and when the cash drawer opened and I saw all the different colors of the currency I was thinking I don't want Monopoly money I want REAL money. That was my first trip outside the U.S. On another trip there I was paying for a Pepsi and I thought the cashier was calling me a looney. (Meaning crazy where I live). He was actually asking for a $1.00 coin which Canadians called a looney as it had a loon engraved on one side of the coin.
Joel and Lia are too young to remember when public toilets had a coin slot for one 'old' (pre-decimal) penny. Hence 'spend a penny'. Apparently it is technically illegal to throw away money in the USA, but I never heard that it is illegal in the UK.
You still have to pay at some railway stations now? Bit more than a penny though. Public toilets in France quite commonly charge including on motorway services sometimes.
Yup, you would put the old penny in the slot on the door lock of the cubicle. You can then unlock the cubicle, go in, and use it. It was the polite way of saying you needed to use the toilet.
The notes also vary in size from the smallest being a £5 not up to the largest being the £50 note, along with the braille in the top left hand corner (of the new notes) of the £10 note (four dots in a square) (though anyone who knows the British braille system will know the four dots in a square represents the letter 'g' and not the number ten). They also have holograms, the lowest section has a holograms that shows the denomination of the bank note. Spending a penny comes from the late nineteenth and early twentieth century when you used a penny to operate a public lavatory door. You'd put a coin in the slot that would then let you operate the door knob to lock the door.
No worries. Over the years I come across lots of stuff that people see everyday but stopped noticing years ago. There are so many British curiosities or things often specific to the U.K. such as appliance plugs, why two taps on a bathroom sink, how common used words and sayings come about, etc...
No no no, the old money is really complicated & doesn't really make sense unless you grew up with it, my dad tried to teach me but I just didn't get all the silly names & amounts - Half a crown & sixpence & a half penny, two shillings Etc etc.....😣😝 😉
5:21 yes we do have £100 note back in Scotland Northern Ireland and the IOM But like an English £50 it’s hard to break it / to use it in transaction Most shops don’t have enough change for it
flip inheck - back in the 1950’s and earlier, some municipalities would make plastic Mills in order to pay tax. There were 10 Mills per 1 US Penny. Money goes back to what is useful to a society. The small coins and bills are disappearing because of inflation.
Yup, you would put the old penny in the slot on the door lock of the cubicle. You can then unlock the cubicle, go in, and use it. It was the polite way of saying you needed to use the toilet.
Yup, 1 penny was literally what it cost to use the toilet. British Rail got a lot of criticism in the 1960s when they introduced “superloos” at some of their larger stations, and charged sixpence for it.
A benefit likely to be seen from the change from the paper to plastic style material, is the note will last longer. Meaning a new note does not have to be replaced with new notes as frequently.
I didn't realize British people hated our coin system....yours seems much easier since the name of the coin tells you exactly how much it is instead of memorizing that a nickel is 5 cents, a dime is 10 cents, so on and so forth😂😂😂😂......
Actually, American coins do tell you how much they are. If you remember your basic mathematical skills you would know that a quarter of anything means it is broken down into 4 parts and can be written as a fraction 1/4 or a decimal .25 which means a quarter is 1/4 of a dollar or 25 cents. Meaning it takes 4 quarters to make a dollar. 25, 50, 75, 1.00 . the dime is the same way. The word dime means 1/10th in this case a tenth of a dollar...simply count by tens. Ten of them make a dollar. A nickel is a 20th of a dollar ...or half as much as a dime. Therefore a nickel is worth 5 cents. All you do is count by 5's...you know 5, 10, 15, 20 etc. Which means it takes 20 of them to make a dollar. Now pennies are simply 1/100th of a dollar...you count by ones and therefore it takes a hundred pennies to make a dollar. It really is that simply especially if you think of a dollar as 1.00 or a 100. We do have a half dollar piece or a fifty cent piece, but they are not very common and seldom used. They are worth .50 cents..or 1/2 a dollar so you need two of them to make a dollar. Now our paper money is pretty easy since the number amount is right on it. We also have a fiver ($5) and a tener ($10). We also say dough and cash. Yet, for a dollar we may use the term buck, green back, a bill...just to name a few
Don't forget to be on the lookout for the occasional $1 coin. It comes in three varieties - the original and largest of the three, the silver dollar with President Eisenhower on the front, small and silver, resembling a quarter with an octagonal edge with Susan B. Anthony on the front and small but gold in color with Sacagawea's likeness on the front.
What's confusing to tourists, Little Missy, is that the penny says "ONE CENT" (but not "penny", still, easy enough), the nickel says "FIVE CENTS" (but not "nickel"), the dime says "ONE DIME" (but not "10 cents"), and the quarter says "QUARTER DOLLAR" (but not "25 cents"). If you don't grow up with these coins, you do have to actively memorize what they are and what they're worth.
Just noticed that dimes just say "One Dime" and not ten cents. Not sure why they are still making pennies and nickels. I mean it costs 1.5 cents to make a coin worth 1 cent and 8 cents to make a coin worth 5 cents!
Person: The current portrait of Queen Elizabeth II on Bank of England notes dates from 1990, when she was sixty-four years of age. Hasn't been changed because it is considered by the Bank of England to be a good anti-counterfeiting feature: everyone and his cat knows the portrait and so any slight change would ring-up in the mind of the public suspicions of forgery.
This is helpful I was confused by it too. This is so similar to the USA. The only difference for us is we have a $100 bill and we don’t have a 2cent coin but we do have a $2 bill but they are not easy to come by.
"For the most part, these bills were used by banks and the Federal government for large financial transactions." "Thus the series 1934 notes were used only for intragovernmental (i.e., Federal Reserve Bank) transactions and were not issued to the public." That's from the Wikipedia page for "Large denominations of United States currency"
Thank you! I write Doctor Who fan fiction. (So much fun.) But as an Amercan, I'm always trying to figure out British stuff for my stories. Money, and money slang, is something I NEEDED to know. THANK YOU! You've helped a ton.
Hi, Joel. Hi, Lia. "Some old dude that no one cares about." I know Lia was joking, but this hit close to home because I'm an old dude. haha 20 or 50 pounds would buy a lot of cups of coffee! Oh, and yes, the new British notes _can_ be torn. I've seen Alan Davies do it!
haha She was meaning old as in 18th century!! Turns out he's an 18th century philosopher!!! You're not THAT old! Oh wow, will have to try tearing them!
Being British: Joel & Lia Also Half dollar = 50 cents Dollar coin = well a dollar. We used to have half pennies but those were dumb. Pennies are copper coated (now) dollar coins are goldish, everything else is silver and varies in size. For some reason a nickel is bigger than a dime.
Corba milk Right. The American use of the word "penny" comes from our colonial days. (We have never used the word "pence," though.) The word "dime" comes from the French word "dixieme," meaning "tenth." And originally, the 5¢ coin was made of nickel. A quarter (25¢), of course, just means "one quarter of a dollar." The 50¢ piece was referred to as a "half dollar." You should notice that the penny and the nickel have a smooth edge. The nickel is larger because it's worth more. The dime and quarter have a ridged edge, where the dime is smaller because it's worth less. The dime is smaller in size than the penny so you can feel the difference by touch without having to look at it. So it's like this: Penny (1¢) small and smooth Nickel (5¢) larger and smooth Dime (10¢) small and ridged Quarter (25¢) larger and ridged
For the WordNerds out there (like me), I went to EtymOnline.com and found out the origin of the term, "Quid" = "one pound sterling," 1680s, British slang, possibly from quid "that which is, essence," (c. 1600) as used in quid pro quo or directly from Latin quid "what, something, anything." Compare French quibus, noted in Barrere's dictionary of French argot (1889) for "money, cash," said to be short for quibus fiunt Omnia.
In the US, we rarely use coins. It is almost shunned. We use cards mostly, also cash, but if someone is digging through their bag to find exact coins it usually looks like they don't have much money. Most people will just use bills and break them instead of coins.
If you are interested, the American five cent coin is called a nickle because of an old music player called a nickleodeon. It would play a song for a five cent coin. As far as I know, American nickels were never made of the metal called Nickel. Canadian coins were at one point made of it, and you could tell by using a magnet. American coins would not stick to a magnet but Canadian ones would.
Right? He's legendary even America! Actually...I sort of get the impression that Americans like Churchill more than the British. I mean, we love ol' Bulldog
They weren’t talking about Winston Churchill I don’t think. They were referring to the guy on the twenty. As a Brit, Churchill is very well respected here so I doubt they were talking about him
They were talking about Churchhill. Some old dude!! Kick those two out of UK! He lead England during the worst days of WWII. He helped save your bacon.
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To answer what Lia mentioned about destroying money... Is it illegal to burn money in the UK? This may be slightly confusing (and explains where the rumours come from), because in the UK it is illegal to deface a bank note, but not destroy it. Defacing would involve printing or writing on them, and this law was passed in the 1929 Currency Snd Banknotes Act. The same applies for coins, and the 1971 Coinage Act states: "No person shall, except under the authority of a licence granted by the Treasury, melt down or break up any metal coin." However, you don’t need to worry about those fairground penny press machines - they only stretch the coins so your souvenir pennies are safe. Is it illegal in other countries? Burning money is illegal in the US, as it’s against the law to do anything renders a note unfit (so destruction isn’t allowed either). In Canada, it is legal to burn or destroy paper currency, but against the law to deface or melt down a coin. In Australia, the 1981 Crimes (Currency) act prohibits any damage or destruction to Australian money - so it’s illegal to even write one word on a banknote.
As an American, I enjoy having single dollar bills because then my wallet isn't super heavy with coins. I Also, the penny for your thoughts came around because it was the cost of a stamp when you'd mail an opinion into the newspaper, or mailing letters.
a long time ago before you was born it would cost you a penny to go to public toilets now it like a pound at kings cross. also the 50p is equal to 10 shilling old money some of us call the 50p ten bob.
Mat A Euro is the same as a Pound and a Dollar, it's used in the 27 European Countries that are in the European Union, the UK whilst, currently still in the EU never adopted the currency. Euro currency consists of Euros and Cents
I like that you still say "quid" for pounds and "fiver" specifically for 5-pound notes. We of course say "bucks" for dollars and various other odd terms, depending on region or state, for various money increments...
So many Americans don’t get the ‘quid’ thing but as soon as I thought about it like ‘bucks’ in US currency it became so simple! In any context where you’d say bucks instead of dollars, say quid instead of pounds. In informal speech, you’d say 100 bucks. So when speaking informally in the UK, say 100 quid.
"Spend a penny" meaning going to the bathroom, did you guys ever have pay toilets over there? Could "spend a penny" have become a phrase because you would have had to put a penny in the coin slot to open the door?
I just exchanged US Dollars for £ and I feel Poor. 😂 Good information since I just got a bunch of cash (I hate paying international transaction fees) ... I hope it’s not rejected. I do love UK money, even though it doesn’t fit in my wallet.
Megan Faver So it sounds like I'd be better off to get some British cash before making a trip to the UK rather than pay a transaction fee for debit card purchases?
usafvet100 I would definitely get cash. There are some restaurants we went to that were cash free, so we used our card, but we did save a lot of fees. Have fun! Miss England already.
There are several antiquated phrases based on old American coins, that still find their way into the American lexicon, for example , “Drop dime on someone” means turn them in to the police by making a phone call from a phone booth (anonymously) back in the day when we had pay phones everywhere (pre internet) and it cost ten cents (one dime) to make a call...
Coins in the US: we have 1 cent (penny), 5 cent (nickle - used to be made of actual nickle), 10 cent (dime), 25 cent (quarter because it's a quarter of a dollar), and 50 cent (hardly ever used). We also have a few dollar coins but nobody uses them because they made them too close to the size of a quarter. For bills, we have $1, $2 (rare - shops have been known to think they were fake), $5, $10, $20, $50, $100. There are a few bills larger than that but you never see them.
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USA coins are divisions of one full dollar. Pennies are 1 cent (1/100 of a dollar) Nickels are 5 cents (5/100 of a dollar) Dimes are 10 cents (10/100 of a dollar) Quarters are 25 cents (25/100 of a dollar) we have 50 cent coins and even dollar coins but they arent used often because the one dollar note is so much more convenient and generally people just use 2 quarters to equal the 50 cent piece
@@hellosweetheart3350 under the old system there was 240 old pennies in a pound that changed about 55years ago .so when i went to school 1 pounds = 20 shillings ,1 shilling = 12 pence and we still had the guinea which was 21 shillings and we still had crowns , 1/2 crown and fluorine coins must have been oneof the worst system in the world
Someone may have already done this, but I'll try to explain the USA coins. There is Silver Dollar (which isn't really widely used), A half dollar (Also not widely used.), a "gold" dollar that is/was typically used in vending machines. The most common coins are... Quarter: (That is 1/4 of a dollar) which is 25 cents. Dime: (That is 1/10 of a dollar) which is 10 cents. Nickel: (That is 1/20 of a dollar) which is 5 cents. - Strangely enough, there is 7 cents worth of nickel in a nickel (or at least there was in the 1990's). Penny: (That is 1/100 of a dollar) which is 1 cent. - It is copper (mostly) Does that help?
I'm an American moving to England for school soon...I'm a bit anxious about the move since I've never gone this far before. Your channel has been very helpful in easing some of my anxiety about certain things :)
And the £1 note! Though Scottish banks still issue £1 notes which are legal tender in the rest of the UK - though many shopkeepers don't seem to realise this!
In the US, we have a penny (copper-plated zinc) (1 cent), a nickel (a nickel-copper blend) (5 cents), a dime (also nickel and copper) (10 cents), a quarter dollar or quarter (again, copper and nickel) (25 cents), a half dollar (silver over copper but not blended) (50 cents), and a "golden" dollar (manganese-brass) (1 dollar). The bills still being printed in the US are the $1, $2, $5, $10, $20, $50, and the $100 bills. Of these, the half dollar, "golden" dollar, $2 bill, $50 bill, and $100 bill are least the common.
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Going to the toilet is called 'spending penny ' because you used to have to put a penny inn the coin slot of the public toilets doors to gain access. It was a payment for using the facilities
So I do have some questions like do restaurants and retail establishments take Euros? Does my credit card know how to convert my American dollars to English money, or would I have to contact my bank? And, why is London soooo expensive? Thanks!
In the U.S., we sometimes get Canadian coins or Mexican coins which is not legal tender in the U.S. We have 1 cent coins or pennies, 5 cent coins or nickels, 10 cent coins or dimes, 25 cent coins or quarters, 50 cent coins and 1 dollar coins (both rarely used). But like everywhere else, bank cards are primarily used.
In America we really only have four “coins” that we use on a daily basis. -Penny= ¢.01 -Nickel= ¢.05 -Dime= ¢.10 -Quarter= ¢.25 Sometimes if you can get your hands on them there is also a $1 coin which is the same amount as the $1 bill. Yes we have had many different coins in the past but as of right now I think we have less than you guys.
When I went to Canada, I grasped the money denominations straightaway, but I still think ours are more obvious (it's decimal - 0.01, 0.02, 0.05, 0.1, 0.2, 0.5, 1, 2 in coins).
FYI, American coins don't have a number on them. The coin value amount is spelled out instead. Yes, quite confusing for non-Americans. And, yes the names can be confusing too -quarter, dime, nickel, penny.
I am a Yank who grew up in the UK (1964 to 1975, most of my youth) and remember the conversion in 1971 from pounds, shillings and pence--before your time....(12 pence in a shilling, 20 shillings in a pound, half crowns were 2 and 6,and D was the abbreviation instead of p. P became standard slang for penny or pence. There were also half-crowns and threepenny pieces. ) The current money is very similar to ours. The pound coin is relatively new. Plastic notes I have not seen. "Quid" I remember.
In Canada, we have colourful money as well and they are all the same size. $5, $10, $20, $50, $100 and we used to have $1,000 but I'm not sure if they still make them. We no longer have pennies. Purchases are rounded up or down to the nearest 5 cents. We have a nickle (5 cents), a dime (10 cents), a quarter (25 cents), a loonie ($1 coin) and a toonie ($2 coin). The loonie has a loon on it so that's how it got it's name and the toonie is a play on the name of the $1 coin and the fact that it's a $2 coin. A number of businesses do not accept $50 or $100 bills because they are afraid they may be counterfeit and they don't usually keep enough cash in the drawer to cover the amount of change they'd have to give out by accepting one. I don't think anyone but the bank takes $1,000 bills.
I happened to visit the UK when decimalization was taking place. At that time the pound was equal to $2.40 US. So the english penny was equal to the US penny because the pound had 240 pence. (20s x 12d)
Ok I have questions... Those are the notes and coins, but since you're confused about counting change...how does your money work together? In the US., I go to the store and something costs say $3.50. I hand them a five, and they give me $1.50...do all prices in UK come up as whole numbers? £1, or £4?? There are basically four coins in America .01, .05, .10 and .25. We add them together to make change for $1.00 Another question...why don't you have ones? Oners? What does a loaf of bread cost? What would you pull out to pay for it with?
If all our prices came to whole pounds we wouldnt need coins. 1p - £0.01 2p - £0.02 5p - £0.05 10p - £0.10 50p - £0.50 £1 - £1.00 and a loaf of "Hovis" soft white medium sliced from Tesco is £1.05
This will help me when I'm watching British TV and such. Thanks. Oh, side story. My first experience with multi-colored cash (The US dollar is pretty monochromatic although that's changing a bit with newer bills) was in Canada. Was visiting friends and went to the store. When the cashier opened the till (we call it the cash register or just register in the States) I saw the flash of color and the thought immediately crossed my mind, "Why is the register full of candy wrappers?"
Just a side note. In the pre-decimal days, the US penny was outlawed in England due to it being the same size as a 6 pence. It was great to use these in the parking meters. Also, the old copper penny was the same size a US 50 cent piece and would work well in the US vending machines. Ah, the good old days.
OMG this takes me back to 1966 when I was in The UK with the U.S.Army. The "Shilling" was worth 14 pence. The "Half Crown" was two Shillings sixpence. The "Guinea" ( I was told) was for the upper class . One pound one shilling. I miss the old way.
I visited Britain in 1971 when decimalization was taking place. At that time the old english penny was equal to the US penny. (12d x 20s = 240 pence) ; Pound in 1971 equaled $2.40.
In America for dollars($) we have: $1, $2 (rare), $5, $10, $20, $50, $100. For coins we have: a penny (1 cent), a nickel (5 cents), a dime (10 cents), a quarter (25 cents), and then we have coins worth $1 as well.
Ok, because I watch lots of masterpiece theatre I need to know what a "crown", half-crown are, as well as a shilling, guinea and ha'penny, please explain. Please?!
Melissa Braasch these are old coins we dont use them anymore but a crown was a 1/4 of a pound, a half crown was a 1/8 of a pound, a shilling was 12 pence, and a ha’penny is half of a penny. ( i am not sure what a guinea is sorry)
So, in short: Quid and Pound is a Dollar in Canada Pence and penny is cents in Canada. Also, you have more coinage than both Canada and US. US has 4: (on average) the biggest 25¢ quarter, the smallest 10¢ dime, the middle size 5¢ nickle, and the copper 1¢ penny. They do have odd ones though,like a 50¢, but I hear it's depending on the state. In Canada you have: the two metal $2 toonie, the golden $1 loonie (as it has a loon on the back), the bigger silver 25¢ quarter, the smallest silver 10¢ dime, and the middle silver 5¢ nickle. We got rid of our pennies (1¢) recently and we do have a 50¢ coin, though you need to hunt them down at the bank as they are normally only used with coin collectors. Our money also has iconic figures on the back, with the queen holding place on all the coins and the $5 note. We have a blue $5, a purple $10, a green $20, a red $50, and a brown $100, though the average person will rarely keep $50s or $100s as they are more costly to lose. Our notes are also the plastic (though all of equal size) and named the plural or singular of their value (tens, twenties, a fifty)
8:36 to add up some British crown and British overseas territories uses their own pound notes which is pegged to pound sterling And you can use the local pound and the Bank of England notes as well and British coin in these areas Jersey, guernsey, Isle of Man, Falkland island, st Helena ascension and Tristan da Cunha, Gibraltar And in Pitcairn island the use either New Zealand dollar or pound sterling Bank of England notes only As well as in British Indian Ocean they use both US dollar and Bank of England notes Other BOTs uses their own dollar money Like bermudian dollar cayman dollar east Caribbean dollar alongside the US dollar too
What's funny is that in Canada, Her Majesty's picture updated in 2000 on our coins -- no crown. It just looks like someone's granny is on our money. She's also on our $20 bill (bank note) without a crown.
Thank you. Very helpful. I am taking first trip overseas to UK from U.S. Visting England Scotland and Ireland and was a bit confused. When you mentioned currency in U.S I was thinking "it is not that confusing" but then you mentioned our different names, dimes, cents, penny, quarter..and I hadn't thought about it..but that would be confusing if I didn't live here. We only know what we know..thanks for sharing your knowledge with me. Soooooo excited to visit!! By the way..anyone ever tell Joel he looks like a skinny James Corden..same body language and facial expressions sometimes. I couldn't figure out why he seemed familiar..then it "hit" me.
For American cash dollars( or “notes”) it’s $1, $2, $5, $10, $20, $50, $100 and coins are pennies-$0.01, nickels-$0.05, dime-$0.10, quarter-$0.25, half-dollar-$0.50 and dollar coin-$1.00. Even though we have half-dollar and dollar coins they are not regularly used. When is comes to slang for money, old and new can be used most of the old isn’t used but everyone knows what they are. Dough, bread, clams, greenbacks, buck, bills, scratch, G’s=a grand($1,000), Grants=$50 bill because it has Ulysses S. Grant on it. Hundo and Benjamin’s are for $100 dollar bills because it has Benjamin Franklin on it.
There are actually 3 different Scottish notes for each value of note because there are 3 Scottish banks that issue sterling; The Clydesdale Bank The Bank of Scotland The Royal Bank of Scotland So 3 differently designed Scottish Fivers, Tenners and 20's. Not sure about 50's
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spending a penny come from back in the old day you had to pay a penny to go to the loo.that were it come from.
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Love you's! Outstanding teachers, keep the video's coming! So cute!😊
This was actually perfect. The only thing is that there wasn’t a lot of time spent explaining the coins. What is a pence worth? What can you buy with it? Same thing with a two pence.
1 pence is 0.01 pounds. So 100 pennies is worth a pound. 2p is 0.02 so 50 2ps are worth a pound. Same with 5p (£0.05) so 20 is worth a pound. 5 20ps are a pound and 2 50p is a pound. That’s all the p goes to. 1p, 2p, 5p, 10p, 20p and 50p.
Also you can barely buy anything for 1p
@@Riawhia thanks so much for explaining this so beautifully
@@Riawhia It's like they don't know it's decimal. Don't try explaining 'old money' to them.
good video
The £50 note is the highest value *English* banknote, but not the highest value *British* banknote - Scotland has a £100 note.
Frank Hooper: The £50 is not the highest value Bank of England note: the bank also produces one-million pound notes and one-hundred million pound notes. The £50 is the highest value note issued for general circulation, although you get looked at as if a criminal if attempting to use one for everyday transactions. Incidentally, notes issued by the various banks of Scotland and Northern Ireland authorized to issue banknotes are legal currency in Scotland and Northern Ireland respectively they are not legal tender anywhere within the United Kingdom.
Sommatore Nero THOS EXIST!?
I live in Michigan USA and I can attest that we have 1, 5, 10, 20, 50, and 100's. (Dollars)
Huh?
@@UrbanSipfly in America we call paper money dollar(s) aka dollar bill(s) similar as the UK calls them pounds. £5 =five pounds in America $5 = five dollars but our smallest bill is $1
I gave up when you got to the coins lol
im still confusedpound and quid are the saneok didnt know thatnow what is sterling?
Okie dokie, thanks for the run down, I'd like to know how the coins add up esp the shilling/quid/silver things ☕
I dont understand whats confusing. £1 is equivalent to 100p.
I’m planning on taking a trip to London next year and I’ve never travelled outside of the U.S. and I’ve been finding your videos not only entertaining, but also informative for when I go over there. I’m
sure I’d survive on my own, but just knowing different things makes me feel less nervous about traveling there by myself. I love your videos. :)
I'm coming over for vidcon. this video cleared up heaps! Thanks!
The reason Americans complain about coins is because we for the most part just pay in bills/notes. The only coins that are common are 25 cents, 10 cents, 5 cents and 1 cent coins (there are others but no one really uses anything else), so when I go to the UK it’s strange because a handful of coins can be worth a lot of money, whereas in the US a handful of coins might add up to a dollar or two.
AH I see! that makes sense!
Also, our 5c coin (nickel) is about as large as a 25c coin (quarter) so often you reach in your pocket and think you have enough money, but then you come up short on change and have to use a $1 bill.
zuka 'zamamee U.S. currency a 5 cents coin is a lot smaller than a 25 cents coin and a 5 cents coin edges ridges are very smooth so no way you can mistaken it for a 25 cents coin even you are a foreigner to the United States.
In Australia when you wallet is nearly empty, you can 'find' over twenty bucks in loose change just in coins. so you weren't broke after all, lol. I imagine with two pound coins etc, worth twice as much as ours, that could be doubly true in UK.
@@1christuffa: Plus the fact that when disposing of old armchairs and settees it's advisable to turn them upside down and tear-open the lining covering the underneath because coins have a habit of slipping from pockets and down through the sides and the back of the seat. Once did that with an old settee and found £11 in coinage. That's $20 Australian, at the rate of exchange for today (19th February 2019).
*Vegans*
Photographer: Say Cheese!
Vegan: I can't, because that is animal cruelty
😂😂😂I laughed so hard at this
This is too good to only have 51 likes in 11 months
My sister is still a Californian and I've heard of that practice.
Would Quid be considered informal for Pound? I would guess that it would be like saying "Buck" instead of "Dollar" in the U.S.
Yes, exactly right.
Yep!
That’s what I told the Dolan Twins when I met them because they didn’t know what quid was lol
Kent Walker f
Dollar = buck = clam , simolean, smacker (usually with a large amount of dollars), bone. There's also a sawbuck (10 dollar bill), a Hamilton (also a 10 dollar bill because Alexander Hamilton is on it), a Benjamin (100 dollar bill because Benjamin Franklin is on it), a fin (five dollar bill).
This was actually really interesting! As an American I’ve always wondered what all the different British money slang meant. I can also see how our money slang here in the US would be confusing to someone not from here.
I remember being in London a few months ago, and I was just like you telling the cashier “can you just take the money?!” Idk what I’m looking at!!! Lol
Omg! I laughed so hard when Joel said that! Same thing happened to me the 1st few times I visited London🤣🤣
If Americans think British money in confusing NOW, they should be glad it's no longer the old system of pound/shilling/pence! Things got MUCH easier after decimalization. Speaking of changes, the coins have changed since I've been there last. I dunno if I'll even recognize the new pound coin when I see it!
Yeah definitely! Even we don't understand that!
For pre-decimalisation insanity, take a look here: en.wikipedia.org/wiki/Coins_of_the_pound_sterling#Pre-decimal_coinage
And for how the actual transistion was done, look here: en.wikipedia.org/wiki/Decimal_Day
240 pence in a pound: 12 pence in a shilling, 20 shillings in a pound. Farthings (1/4 pence) half-farthings, guineas, crowns, groats, florins... it was nuts! :D
Firefly 24601 Haha you most likely won't recognize it staight away, I dfinetly didn't😂😁
And when you'd ask a price they'd say "Five and twenty" and you're thinking five what and twenty what.
Recently subscribed and you’ve very quickly become one of my fav youtubers 😂😂😂 I’m British myself and literally watch you for entertainment purposes only 👏🏽👏🏽👏🏽
Aw thank you so much Tasnim!
Yeah same. I am the British persons so yeah
Sameee
same here
Tasnim Hoque Yup me too 😂
Yaaaaaay I finally found two English people who understand that a Scottish note is still legal tender
B D: Not so. Scottish banknotes are not legal tender anywhere within the United Kingdom although they are legal currency in Scotland.
Sommatore Nero no it’s legal tender anywhere in the uk
B D
Scottish Banknotes are legal currency - i.e. they are approved by the UK Parliament. However, Scottish Bank notes are not Legal Tender, not even in Scotland. In fact, no banknote whatsoever (including Bank of England notes!) qualifies for the term 'legal tender' north of the border and the Scottish economy seems to manage without that legal protection.
What’s classed as legal tender varies throughout the UK. In England and Wales, it’s Royal Mint coins and Bank of England notes. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes.
(Courtesy of Wikipedia!).
We just love to say 'Lee-Gal Tenderr' lol
Thank you! Funny story: On a trip to Canada I used a travelers check and when the cash drawer opened and I saw all the different colors of the currency I was thinking I don't want Monopoly money I want REAL money. That was my first trip outside the U.S. On another trip there I was paying for a Pepsi and I thought the cashier was calling me a looney. (Meaning crazy where I live). He was actually asking for a $1.00 coin which Canadians called a looney as it had a loon engraved on one side of the coin.
Lol I would have been like "how did u guess I'm a Looney?" 😂
@@rachaelramos and $2.00 coin a TOONEY
i love how your money is colored! in the US it’s hard to sort our cash because it’s all green and the same size lol
haileyy I like my money green cause I know exactly what it is
haileyy - same here in Canada 🇨🇦😀
haileyy no it’s not
I like the size because you can fit them in a wallet
Tens are yellow and hundred dollar bells are textured with some blue
Joel and Lia are too young to remember when public toilets had a coin slot for one 'old' (pre-decimal) penny. Hence 'spend a penny'.
Apparently it is technically illegal to throw away money in the USA, but I never heard that it is illegal in the UK.
yep!!
You still have to pay at some railway stations now? Bit more than a penny though. Public toilets in France quite commonly charge including on motorway services sometimes.
DavidB5501 I
They do that at an airport but idk which one.
Yup, you would put the old penny in the slot on the door lock of the cubicle. You can then unlock the cubicle, go in, and use it. It was the polite way of saying you needed to use the toilet.
The notes also vary in size from the smallest being a £5 not up to the largest being the £50 note, along with the braille in the top left hand corner (of the new notes) of the £10 note (four dots in a square) (though anyone who knows the British braille system will know the four dots in a square represents the letter 'g' and not the number ten). They also have holograms, the lowest section has a holograms that shows the denomination of the bank note.
Spending a penny comes from the late nineteenth and early twentieth century when you used a penny to operate a public lavatory door. You'd put a coin in the slot that would then let you operate the door knob to lock the door.
Thanks for that
No worries. Over the years I come across lots of stuff that people see everyday but stopped noticing years ago. There are so many British curiosities or things often specific to the U.K. such as appliance plugs, why two taps on a bathroom sink, how common used words and sayings come about, etc...
Ok, so if no one accepts the “old” notes, what can you do with them? Can you exchange them for the new ones at a bank, or wherever??
Always wondered what a “quid” was ... now I know.
Ok, so what’s a guinea (sp..?) .?
I feel like in America we have really plain coins and dollars now, because the money in Britain is all different colors
Kiera S US paper currency also has different colors now, except for the $1 note.
I guess you haven't seen any of our new "Orange" shaded bills?
That's COLOUR5
Most of the World actually has different coloured money. ;)
@@SwimminWitDaFishies Orange is the new green, lol.
You should explain the old fashioned terms like "crown" and farthing. Your videos are always so charming. Keep it up
No no no, the old money is really complicated & doesn't really make sense unless you grew up with it, my dad tried to teach me but I just didn't get all the silly names & amounts - Half a crown & sixpence & a half penny, two shillings Etc etc.....😣😝 😉
Old money is no.longer used
5:21 yes we do have £100 note back in Scotland Northern Ireland and the IOM
But like an English £50 it’s hard to break it / to use it in transaction
Most shops don’t have enough change for it
This is really helpful guys! Just in time for class discussion tomorrow. Always appreciate your help. Great job again! Thanks! Love and cheers!👍💗😘🇬🇧
Thanks Tek! Hope the students enjoy it!
Loved Scottish money when I was there, though was interesting spending it in England. And the U.S. only has 4 coins so yeah in our minds much easier.
We have 6; penny,nickel,dime,quarter,half dollar, and dollar coin
4 coins? Nope.
1cent (penny)
5 cent's (nickel)
10 cent's (dime)
25 cent's (quarter)
50 cent's (half dollar)
100 cent's (dollar coin)
@@hellosweetheart3350 They use their dollar coins in Britain way more than we do. Haven't had a 50 cent or 100 cent coin in 10 years.
I'm pretty sure "spending a penny" relates back to when many (most?) public toilets were pay toilets. The first ones cost one pence, I think.
Ah that makes sense!
flip inheck - back in the 1950’s and earlier, some municipalities would make plastic Mills in order to pay tax. There were 10 Mills per 1 US Penny. Money goes back to what is useful to a society. The small coins and bills are disappearing because of inflation.
Thanks, flip! I always get confused by those, even after I just watched a video about it!
Yup, you would put the old penny in the slot on the door lock of the cubicle. You can then unlock the cubicle, go in, and use it. It was the polite way of saying you needed to use the toilet.
Yup, 1 penny was literally what it cost to use the toilet. British Rail got a lot of criticism in the 1960s when they introduced “superloos” at some of their larger stations, and charged sixpence for it.
A benefit likely to be seen from the change from the paper to plastic style material, is the note will last longer. Meaning a new note does not have to be replaced with new notes as frequently.
I'm American and didn't have any problems understanding the money when I was in London last year. It was pretty easy. Great video!!
I didn't realize British people hated our coin system....yours seems much easier since the name of the coin tells you exactly how much it is instead of memorizing that a nickel is 5 cents, a dime is 10 cents, so on and so forth😂😂😂😂......
yeah it's quite confusing!
Actually, American coins do tell you how much they are. If you remember your basic mathematical skills you would know that a quarter of anything means it is broken down into 4 parts and can be written as a fraction 1/4 or a decimal .25 which means a quarter is 1/4 of a dollar or 25 cents. Meaning it takes 4 quarters to make a dollar. 25, 50, 75, 1.00 . the dime is the same way. The word dime means 1/10th in this case a tenth of a dollar...simply count by tens. Ten of them make a dollar. A nickel is a 20th of a dollar ...or half as much as a dime. Therefore a nickel is worth 5 cents. All you do is count by 5's...you know 5, 10, 15, 20 etc. Which means it takes 20 of them to make a dollar. Now pennies are simply 1/100th of a dollar...you count by ones and therefore it takes a hundred pennies to make a dollar. It really is that simply especially if you think of a dollar as 1.00 or a 100. We do have a half dollar piece or a fifty cent piece, but they are not very common and seldom used. They are worth .50 cents..or 1/2 a dollar so you need two of them to make a dollar. Now our paper money is pretty easy since the number amount is right on it. We also have a fiver ($5) and a tener ($10). We also say dough and cash. Yet, for a dollar we may use the term buck, green back, a bill...just to name a few
Don't forget to be on the lookout for the occasional $1 coin. It comes in three varieties - the original and largest of the three, the silver dollar with President Eisenhower on the front, small and silver, resembling a quarter with an octagonal edge with Susan B. Anthony on the front and small but gold in color with Sacagawea's likeness on the front.
What's confusing to tourists, Little Missy, is that the penny says "ONE CENT" (but not "penny", still, easy enough), the nickel says "FIVE CENTS" (but not "nickel"), the dime says "ONE DIME" (but not "10 cents"), and the quarter says "QUARTER DOLLAR" (but not "25 cents"). If you don't grow up with these coins, you do have to actively memorize what they are and what they're worth.
Just noticed that dimes just say "One Dime" and not ten cents. Not sure why they are still making pennies and nickels. I mean it costs 1.5 cents to make a coin worth 1 cent and 8 cents to make a coin worth 5 cents!
The queen on the Canadian bills the queen actually looks her age not like she's in her twenties
Person: The current portrait of Queen Elizabeth II on Bank of England notes dates from 1990, when she was sixty-four years of age. Hasn't been changed because it is considered by the Bank of England to be a good anti-counterfeiting feature: everyone and his cat knows the portrait and so any slight change would ring-up in the mind of the public suspicions of forgery.
This is helpful I was confused by it too. This is so similar to the USA. The only difference for us is we have a $100 bill and we don’t have a 2cent coin but we do have a $2 bill but they are not easy to come by.
Ah so glad!!
Just don't spend $2 bills at a Taco Bell....
You can most likely get the $2 note from a big bank i.e. Chase or Citibank. $2 note are great for tipping.
I found out there is a $1000 and $10,000 bills idk who would use them tho
"For the most part, these bills were used by banks and the Federal government for large financial transactions." "Thus the series 1934 notes were used only for intragovernmental (i.e., Federal Reserve Bank) transactions and were not issued to the public." That's from the Wikipedia page for "Large denominations of United States currency"
'Spending a penny' come from public toilets having to be paid to use.
It is now 20p.
I remember that phrase from the public "loos"--when entering the stalls actually required the use of a penny in a coin slot to unlock the stall door.
In Bedford, where I grew up (moved there from England at age 7; came back to the US at 18) one such public facility was at the bus station downtown.
€£¥
Probably back in the days when it was 1d... just to confuse people.
Thank you! I write Doctor Who fan fiction. (So much fun.) But as an Amercan, I'm always trying to figure out British stuff for my stories. Money, and money slang, is something I NEEDED to know. THANK YOU! You've helped a ton.
Hi, Joel. Hi, Lia. "Some old dude that no one cares about." I know Lia was joking, but this hit close to home because I'm an old dude. haha
20 or 50 pounds would buy a lot of cups of coffee!
Oh, and yes, the new British notes _can_ be torn. I've seen Alan Davies do it!
haha She was meaning old as in 18th century!! Turns out he's an 18th century philosopher!!! You're not THAT old! Oh wow, will have to try tearing them!
A quarter= 25c
A dime= 10c
and a nickel = 5c
a penny is 1c
Thanks!
Technically the US has never issued a penny, it has always been one cent, though any American understands penny.
Being British: Joel & Lia Also
Half dollar = 50 cents
Dollar coin = well a dollar.
We used to have half pennies but those were dumb. Pennies are copper coated (now) dollar coins are goldish, everything else is silver and varies in size. For some reason a nickel is bigger than a dime.
Corba milk Right. The American use of the word "penny" comes from our colonial days. (We have never used the word "pence," though.)
The word "dime" comes from the French word "dixieme," meaning "tenth." And originally, the 5¢ coin was made of nickel.
A quarter (25¢), of course, just means "one quarter of a dollar." The 50¢ piece was referred to as a "half dollar."
You should notice that the penny and the nickel have a smooth edge. The nickel is larger because it's worth more. The dime and quarter have a ridged edge, where the dime is smaller because it's worth less. The dime is smaller in size than the penny so you can feel the difference by touch without having to look at it. So it's like this:
Penny (1¢) small and smooth
Nickel (5¢) larger and smooth
Dime (10¢) small and ridged
Quarter (25¢) larger and ridged
Nickels were originally made of nickel, and dimes of silver.
For the WordNerds out there (like me), I went to EtymOnline.com and found out the origin of the term, "Quid" = "one pound sterling," 1680s, British slang, possibly from quid "that which is, essence," (c. 1600) as used in quid pro quo or directly from Latin quid "what, something, anything." Compare French quibus, noted in Barrere's dictionary of French argot (1889) for "money, cash," said to be short for quibus fiunt Omnia.
I worked at disneyland and I loved when tourists held their hand out. It wasnt offensive and it moved the line so much faster
Mystee Tyson Random but ok
Do one on pre-decimalisation - that would be fun. Helps with reading old novels
New subscriber. Been binge watching all week. Love your banter and friendship
Aw thanks so much Paula!
I really enjoyed this! Very informative! Thanks !
You're welcome! Thanks for watching!
Still confused by “Pound Sterling” could u pls simplify- thanks, k
Pounds sterling is the value of a pound of silver.
While American dollar is gold.
(They are no where near that actual value anymore)
In the US, we rarely use coins. It is almost shunned. We use cards mostly, also cash, but if someone is digging through their bag to find exact coins it usually looks like they don't have much money. Most people will just use bills and break them instead of coins.
If you are interested, the American five cent coin is called a nickle because of an old music player called a nickleodeon. It would play a song for a five cent coin. As far as I know, American nickels were never made of the metal called Nickel. Canadian coins were at one point made of it, and you could tell by using a magnet. American coins would not stick to a magnet but Canadian ones would.
"Some old dude that no one cares about"...are you kidding? That's Winston Churchill your talking about!
Right? He's legendary even America! Actually...I sort of get the impression that Americans like Churchill more than the British. I mean, we love ol' Bulldog
I absolutely agree, I stopped the video as soon as Lia said, some old guy no one cares about. ...
They weren’t talking about Winston Churchill I don’t think. They were referring to the guy on the twenty. As a Brit, Churchill is very well respected here so I doubt they were talking about him
Well Lia said that about the guy on the 20, whereas churchill is on the 10er.
They were talking about Churchhill. Some old dude!! Kick those two out of UK! He lead England during the worst days of WWII. He helped save your bacon.
Mrs Patricia is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her
expert Mrs Patricia she's really amazing with an amazing skills she changed my 0.3btc to 2.1btc
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She helped me recover what I lost trying to trade my self
Who's this professional everyone is talking about I always see her post on top comment on every UA-cam video I watched
I think I'm interested how can I get in touch with Mrs Patricia
how are you funny no matter what you're talking about
hahaha thanks!
To answer what Lia mentioned about destroying money...
Is it illegal to burn money in the UK?
This may be slightly confusing (and explains where the rumours come from), because in the UK it is illegal to deface a bank note, but not destroy it.
Defacing would involve printing or writing on them, and this law was passed in the 1929 Currency Snd Banknotes Act.
The same applies for coins, and the 1971 Coinage Act states: "No person shall, except under the authority of a licence granted by the Treasury, melt down or break up any metal coin."
However, you don’t need to worry about those fairground penny press machines - they only stretch the coins so your souvenir pennies are safe.
Is it illegal in other countries?
Burning money is illegal in the US, as it’s against the law to do anything renders a note unfit (so destruction isn’t allowed either).
In Canada, it is legal to burn or destroy paper currency, but against the law to deface or melt down a coin.
In Australia, the 1981 Crimes (Currency) act prohibits any damage or destruction to Australian money - so it’s illegal to even write one word on a banknote.
As an American, I enjoy having single dollar bills because then my wallet isn't super heavy with coins. I
Also, the penny for your thoughts came around because it was the cost of a stamp when you'd mail an opinion into the newspaper, or mailing letters.
Bi culture is having a crush on both Joel and Lia 😂💙💜💖
a long time ago before you was born it would cost you a penny to go to public toilets now it like a pound at kings cross. also the 50p is equal to 10 shilling old money some of us call the 50p ten bob.
Ahhh that makes sense!
in fact did you know that way back when the 10 shillings (50p) was a note just like the fiver and that old fivers were white and around A5 in size
That must be expensive for those with overactive bladders!
Is that where we get the slang going to pee or need to pee?
I felt so stupid trying to figure out British money; I actually feel a lot better now that I know you had the same problem!
haha! Yeah absolutely. Cannot work out dollars or euros!
Being British: Joel & Lia what's a Euro and what's the difference between pound, dollar and a Euro?
Mat A Euro is the same as a Pound and a Dollar, it's used in the 27 European Countries that are in the European Union, the UK whilst, currently still in the EU never adopted the currency. Euro currency consists of Euros and Cents
I like that you still say "quid" for pounds and "fiver" specifically for 5-pound notes. We of course say "bucks" for dollars and various other odd terms, depending on region or state, for various money increments...
So many Americans don’t get the ‘quid’ thing but as soon as I thought about it like ‘bucks’ in US currency it became so simple! In any context where you’d say bucks instead of dollars, say quid instead of pounds. In informal speech, you’d say 100 bucks. So when speaking informally in the UK, say 100 quid.
I love how I watched this even though im British
"Spend a penny" meaning going to the bathroom, did you guys ever have pay toilets over there? Could "spend a penny" have become a phrase because you would have had to put a penny in the coin slot to open the door?
Yes and now it costs 20p
WE HAVE THAT HERE IN SAN FRANCISCO,CA U HAVE 2 PUT .50 TO USE THE RESTROOM..
I just exchanged US Dollars for £ and I feel
Poor. 😂 Good information since I just got a bunch of cash (I hate paying international transaction fees) ... I hope it’s not rejected. I do love UK money, even though it doesn’t fit in my wallet.
hahaha! Yep! Just make sure they haven't given you old £5 and £10 notes
Yes! I feel the same! And not sure how it's going to fit in my wallet xox
At least you're not going from AUD to GBP... that is truly terrifying
Megan Faver So it sounds like I'd be better off to get some British cash before making a trip to the UK rather than pay a transaction fee for debit card purchases?
usafvet100 I would definitely get cash. There are some restaurants we went to that were cash free, so we used our card, but we did save a lot of fees. Have fun! Miss England already.
There are several antiquated phrases based on old American coins, that still find their way into the American lexicon, for example , “Drop dime on someone” means turn them in to the police by making a phone call from a phone booth (anonymously) back in the day when we had pay phones everywhere (pre internet) and it cost ten cents (one dime) to make a call...
Coins in the US: we have 1 cent (penny), 5 cent (nickle - used to be made of actual nickle), 10 cent (dime), 25 cent (quarter because it's a quarter of a dollar), and 50 cent (hardly ever used). We also have a few dollar coins but nobody uses them because they made them too close to the size of a quarter. For bills, we have $1, $2 (rare - shops have been known to think they were fake), $5, $10, $20, $50, $100. There are a few bills larger than that but you never see them.
I was confused this whole video lol
British money is cool!
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
I really thought I’d hate this video! You guys are surprisingly funny and informative.
I might be wrong but it’s a penny and pence for plural.
USA coins are divisions of one full dollar. Pennies are 1 cent (1/100 of a dollar) Nickels are 5 cents (5/100 of a dollar) Dimes are 10 cents (10/100 of a dollar) Quarters are 25 cents (25/100 of a dollar) we have 50 cent coins and even dollar coins but they arent used often because the one dollar note is so much more convenient and generally people just use 2 quarters to equal the 50 cent piece
The wealthy ones stay wealthy by investing like the poor and while the poor stay poor because they do not invest like the rich
How many pence in a pound and for the “non-pound” coins how many pence are they worth?
100 pence =£1
@@geoffpriestley7001 just like 100 pennies= $1.00 dollar
@@hellosweetheart3350 under the old system there was 240 old pennies in a pound that changed about 55years ago .so when i went to school 1 pounds = 20 shillings ,1 shilling = 12 pence and we still had the guinea which was 21 shillings and we still had crowns , 1/2 crown and fluorine coins must have been oneof the worst system in the world
How's finding a partner for Joel going, Lia? love you guys
Someone may have already done this, but I'll try to explain the USA coins. There is Silver Dollar (which isn't really widely used), A half dollar (Also not widely used.), a "gold" dollar that is/was typically used in vending machines.
The most common coins are...
Quarter: (That is 1/4 of a dollar) which is 25 cents.
Dime: (That is 1/10 of a dollar) which is 10 cents.
Nickel: (That is 1/20 of a dollar) which is 5 cents. - Strangely enough, there is 7 cents worth of nickel in a nickel (or at least there was in the 1990's).
Penny: (That is 1/100 of a dollar) which is 1 cent. - It is copper (mostly)
Does that help?
I'm an American moving to England for school soon...I'm a bit anxious about the move since I've never gone this far before. Your channel has been very helpful in easing some of my anxiety about certain things :)
It’s good to know that Americans rate above a drug dealer. ☕️ 😆
We are the drug dealers
Im a sprinter for track whom me being black
I remember the half-p coin.
Wow that must have been a while ago
I remember 1/2 p but also pre-decimal 1/2d (halfpenny) and 1/4d (farthing) so you would get (in theory) 960 farthings for a one pound note lol.
Yeah I remember the 1/2p it was around into the 80s
CNVideos I'm even older, I remember sixpence 2.5p and threepenny bit 3p which was a multi-sided coin
And the £1 note! Though Scottish banks still issue £1 notes which are legal tender in the rest of the UK - though many shopkeepers don't seem to realise this!
Blow the Americans minds by showing all the different designs used for 50p and £2
Coins
Oh yeah,and the elusive new 10p coins 😝😆
In the US, we have a penny (copper-plated zinc) (1 cent), a nickel (a nickel-copper blend) (5 cents), a dime (also nickel and copper) (10 cents), a quarter dollar or quarter (again, copper and nickel) (25 cents), a half dollar (silver over copper but not blended) (50 cents), and a "golden" dollar (manganese-brass) (1 dollar). The bills still being printed in the US are the $1, $2, $5, $10, $20, $50, and the $100 bills. Of these, the half dollar, "golden" dollar, $2 bill, $50 bill, and $100 bill are least the common.
FYI - A "quarter" is old slang term just like a "tenner" or the "fiver" in the UK. (i.e. a quart is 1/4 of a gallon, much like like 25 = 1/4 of 100).
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Perfect! heading to the UK this fall for the 2nd time and this was so helpful. I was clueless my first time!
So there are eight coins currently used in the UK. There’s seems to be a pattern:
2,1 pound coins
50, 20, 10 pence coins
5, 2, 1 pence coins
Going to the toilet is called 'spending penny ' because you used to have to put a penny inn the coin slot of the public toilets doors to gain access. It was a payment for using the facilities
So I do have some questions like do restaurants and retail establishments take Euros? Does my credit card know how to convert my American dollars to English money, or would I have to contact my bank? And, why is London soooo expensive? Thanks!
In the U.S., we sometimes get Canadian coins or Mexican coins which is not legal tender in the U.S. We have 1 cent coins or pennies, 5 cent coins or nickels, 10 cent coins or dimes, 25 cent coins or quarters, 50 cent coins and 1 dollar coins (both rarely used). But like everywhere else, bank cards are primarily used.
In America we really only have four “coins” that we use on a daily basis.
-Penny= ¢.01
-Nickel= ¢.05
-Dime= ¢.10
-Quarter= ¢.25
Sometimes if you can get your hands on them there is also a $1 coin which is the same amount as the $1 bill. Yes we have had many different coins in the past but as of right now I think we have less than you guys.
When I went to Canada, I grasped the money denominations straightaway, but I still think ours are more obvious (it's decimal - 0.01, 0.02, 0.05, 0.1, 0.2, 0.5, 1, 2 in coins).
FYI, American coins don't have a number on them. The coin value amount is spelled out instead. Yes, quite confusing for non-Americans. And, yes the names can be confusing too -quarter, dime, nickel, penny.
I am a Yank who grew up in the UK (1964 to 1975, most of my youth) and remember the conversion in 1971 from pounds, shillings and pence--before your time....(12 pence in a shilling, 20 shillings in a pound, half crowns were 2 and 6,and D was the abbreviation instead of p. P became standard slang for penny or pence. There were also half-crowns and threepenny pieces.
) The current money is very similar to ours. The pound coin is relatively new. Plastic notes I have not seen. "Quid" I remember.
In Canada, we have colourful money as well and they are all the same size. $5, $10, $20, $50, $100 and we used to have $1,000 but I'm not sure if they still make them. We no longer have pennies. Purchases are rounded up or down to the nearest 5 cents. We have a nickle (5 cents), a dime (10 cents), a quarter (25 cents), a loonie ($1 coin) and a toonie ($2 coin). The loonie has a loon on it so that's how it got it's name and the toonie is a play on the name of the $1 coin and the fact that it's a $2 coin. A number of businesses do not accept $50 or $100 bills because they are afraid they may be counterfeit and they don't usually keep enough cash in the drawer to cover the amount of change they'd have to give out by accepting one. I don't think anyone but the bank takes $1,000 bills.
There is no silver or gold in your coins, all precious metal was replaced in 1947 onwards. I do have a 1918 gold British sovereign.
I happened to visit the UK when decimalization was taking place. At that time the pound was equal to $2.40 US. So the english penny was equal to the US penny because the pound had 240 pence. (20s x 12d)
Ok I have questions... Those are the notes and coins, but since you're confused about counting change...how does your money work together?
In the US., I go to the store and something costs say $3.50. I hand them a five, and they give me $1.50...do all prices in UK come up as whole numbers? £1, or £4??
There are basically four coins in America .01, .05, .10 and .25. We add them together to make change for $1.00
Another question...why don't you have ones? Oners?
What does a loaf of bread cost? What would you pull out to pay for it with?
If all our prices came to whole pounds we wouldnt need coins.
1p - £0.01
2p - £0.02
5p - £0.05
10p - £0.10
50p - £0.50
£1 - £1.00
and a loaf of "Hovis" soft white medium sliced from Tesco is £1.05
This will help me when I'm watching British TV and such. Thanks. Oh, side story. My first experience with multi-colored cash (The US dollar is pretty monochromatic although that's changing a bit with newer bills) was in Canada. Was visiting friends and went to the store. When the cashier opened the till (we call it the cash register or just register in the States) I saw the flash of color and the thought immediately crossed my mind, "Why is the register full of candy wrappers?"
Just a side note. In the pre-decimal days, the US penny was outlawed in England due to it being the same size as a 6 pence. It was great to use these in the parking meters. Also, the old copper penny was the same size a US 50 cent piece and would work well in the US vending machines. Ah, the good old days.
In the U.S. the slang for the bills are $1="A single," $5="A fin," $10="A sawbuck," $20="A twomp," and a $100= "A C-note" or "a benjamin."
OMG this takes me back to 1966 when I was in The UK with the U.S.Army. The "Shilling" was worth 14 pence. The "Half Crown" was two Shillings sixpence. The "Guinea" ( I was told) was for the upper class . One pound one shilling. I miss the old way.
@Michael Bond It was 54 years ago. Cut me some slack.
I visited Britain in 1971 when decimalization was taking place. At that time the old english penny was equal to the US penny. (12d x 20s = 240 pence) ; Pound in 1971 equaled $2.40.
In America for dollars($) we have: $1, $2 (rare), $5, $10, $20, $50, $100. For coins we have: a penny (1 cent), a nickel (5 cents), a dime (10 cents), a quarter (25 cents), and then we have coins worth $1 as well.
At one time, in the US and England, you had to pay a small fee to use a public toilet, thus 'to spend a penny'.
Ok, because I watch lots of masterpiece theatre I need to know what a "crown", half-crown are, as well as a shilling, guinea and ha'penny, please explain. Please?!
Melissa Braasch these are old coins we dont use them anymore but a crown was a 1/4 of a pound, a half crown was a 1/8 of a pound, a shilling was 12 pence, and a ha’penny is half of a penny. ( i am not sure what a guinea is sorry)
So, in short:
Quid and Pound is a Dollar in Canada
Pence and penny is cents in Canada.
Also, you have more coinage than both Canada and US.
US has 4: (on average) the biggest 25¢ quarter, the smallest 10¢ dime, the middle size 5¢ nickle, and the copper 1¢ penny. They do have odd ones though,like a 50¢, but I hear it's depending on the state.
In Canada you have: the two metal $2 toonie, the golden $1 loonie (as it has a loon on the back), the bigger silver 25¢ quarter, the smallest silver 10¢ dime, and the middle silver 5¢ nickle. We got rid of our pennies (1¢) recently and we do have a 50¢ coin, though you need to hunt them down at the bank as they are normally only used with coin collectors. Our money also has iconic figures on the back, with the queen holding place on all the coins and the $5 note. We have a blue $5, a purple $10, a green $20, a red $50, and a brown $100, though the average person will rarely keep $50s or $100s as they are more costly to lose.
Our notes are also the plastic (though all of equal size) and named the plural or singular of their value (tens, twenties, a fifty)
8:36 to add up some British crown and British overseas territories uses their own pound notes which is pegged to pound sterling
And you can use the local pound and the Bank of England notes as well and British coin in these areas
Jersey, guernsey, Isle of Man, Falkland island, st Helena ascension and Tristan da Cunha, Gibraltar
And in Pitcairn island the use either New Zealand dollar or pound sterling Bank of England notes only
As well as in British Indian Ocean they use both US dollar and Bank of England notes
Other BOTs uses their own dollar money
Like bermudian dollar cayman dollar east Caribbean dollar alongside the US dollar too
What's funny is that in Canada, Her Majesty's picture updated in 2000 on our coins -- no crown. It just looks like someone's granny is on our money. She's also on our $20 bill (bank note) without a crown.
Thank you. Very helpful. I am taking first trip overseas to UK from U.S. Visting England Scotland and Ireland and was a bit confused. When you mentioned currency in U.S I was thinking "it is not that confusing" but then you mentioned our different names, dimes, cents, penny, quarter..and I hadn't thought about it..but that would be confusing if I didn't live here. We only know what we know..thanks for sharing your knowledge with me. Soooooo excited to visit!!
By the way..anyone ever tell Joel he looks like a skinny James Corden..same body language and facial expressions sometimes. I couldn't figure out why he seemed familiar..then it "hit" me.
For American cash dollars( or “notes”) it’s $1, $2, $5, $10, $20, $50, $100 and coins are pennies-$0.01, nickels-$0.05, dime-$0.10, quarter-$0.25, half-dollar-$0.50 and dollar coin-$1.00. Even though we have half-dollar and dollar coins they are not regularly used. When is comes to slang for money, old and new can be used most of the old isn’t used but everyone knows what they are. Dough, bread, clams, greenbacks, buck, bills, scratch, G’s=a grand($1,000), Grants=$50 bill because it has Ulysses S. Grant on it. Hundo and Benjamin’s are for $100 dollar bills because it has Benjamin Franklin on it.
There are actually 3 different Scottish notes for each value of note because there are 3 Scottish banks that issue sterling;
The Clydesdale Bank
The Bank of Scotland
The Royal Bank of Scotland
So 3 differently designed Scottish Fivers, Tenners and 20's. Not sure about 50's