On Monday 15 February 1971, Britain went decimal, however 40 years after the first decimal coins entered circulation it was time for rejuvenation.

When did the UK stop using shillings?

The shilling was phased out of the British system of coinage beginning in 1971, when a decimal system based on 100 new pence to £1 was introduced. The schilling was the Austrian currency until 2002, when it was replaced by the euro as the country's sole currency.

Why did we go decimal in 1971?

Banks were closed from 3:30 pm on Wednesday 10 February 1971 to 10:00 am on Monday 15 February to enable all outstanding cheques and credits in the clearing system to be processed and customers' account balances to be converted from £sd to decimal.