The 10 Shilling Note, or 'ten bob', was a goodly sum in the old days – in the 1960's it could buy 6 pints of beer, 10 loaves of bread, or 17 pints of milk. It's hard to imagine its decimal equivalent, the 50p, buying so much these days!
A 'bob' was the slang word for a Shilling, which was worth 12 old pennies. Following decimilisation in 1971, a Shilling was worth 5 new pence. The old 'ten bob note' (10 shillings) was the equivalent of 5 Florins, or 4 Half Crowns, or 2 Crowns. After decimilisation, it was worth 50p.
The Bank of England 10 shilling note (notation: 10/–), colloquially known as the 10 bob note, was a sterling banknote. Ten shillings in £sd (written 10s or 10/–) was half of one pound. The ten-shilling note was the smallest denomination note ever issued by the Bank of England.
$10 in 1960 is equivalent in purchasing power to about $109.14 today, an increase of $99.14 over 65 years. The dollar had an average inflation rate of 3.75% per year between 1960 and today, producing a cumulative price increase of 991.38%.
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How much is a bob vs. a pound?
The shilling, called a bob, was worth one-twentieth of a pound, or 12 pennies. The sixpence, or tanner, was half a shilling. The threepenny (pronounced thrupny) bit was a quarter of a shilling - and was also, incidentally, a wonderful chubby little 12-sided coin.
The current value of 1 BOB is $0.14 USD. In other words, to buy 5 Bolivian Boliviano, it would cost you $0.72 USD. Inversely, $1.00 USD would allow you to trade for BOB 6.92 BOB while $50.00 USD would convert to BOB 345.89 BOB, not including platform or gas fees.
Slang terms for the old shilling coins include "bob" and "hog". While the derivation of "bob" is uncertain, John Camden Hotten in his 1864 Slang Dictionary says the original version was "bobstick" and speculates that it may be connected with Sir Robert Walpole.
Many of us still remember the ten bob note that used to circulate before the 50p came around. Worth the equivalent of 50p in the 1960s, it would have bought you 6 pints of beer, 10 loaves of bread, or 17 pints of milk. It's hard to imagine a 50p going so far these days!
A slang name for a shilling was a "bob" (plural as singular, as in "that cost me two bob"). The first recorded use was in a case of coining heard at the Old Bailey in 1789, when it was described as cant, "well understood among a certain set of people", but heard only among criminals and their associates.
Pennies were, confusingly, abbreviated to 'd'. This is because the Latin word for this coin was 'denarius'. A still smaller Roman coin was an 'obulus'.
There were various measures of money in medieval England. A pound sterling was worth 20 shillings, and a shilling was worth 12 pence, so one pound was worth equivalent to 240 pence. The letter d was used to denote pence in reference to the Roman word for coin, denarius.
In 1971 the Bank of England stopped issuing the 10 shilling note when a new 50 pence coin was introduced. As a denomination it has been introduced in 1928 and just 43 years later vanished from circulation.
$1 in 1959 is equivalent in purchasing power to about $11.10 today, an increase of $10.10 over 66 years. The dollar had an average inflation rate of 3.71% per year between 1959 and today, producing a cumulative price increase of 1,010.13%.
A Farthing has a nominal value of one quarter of a Penny. The first Silver farthing was issued in 1279 under Edward I, however they are commonly associated more so with later milled Copper issues, especially that of Charles II, Anne and Victoria.
Their value, however, in those very early days is not entirely clear, for there appear to be shillings of four, five and 12 pence. It was the Normans who standardised the value at 12 pence soon after the Conquest of 1066, when the libra of 20 solidi and the solidus of 12 denarii became the official units of account.
$10 in 1970 is equivalent in purchasing power to about $83.26 today, an increase of $73.26 over 55 years. The dollar had an average inflation rate of 3.93% per year between 1970 and today, producing a cumulative price increase of 732.60%.
How much is $1 million dollars in 2000 worth today?
$1,000,000 in 2000 is equivalent in purchasing power to about $1,876,004.65 today, an increase of $876,004.65 over 25 years. The dollar had an average inflation rate of 2.55% per year between 2000 and today, producing a cumulative price increase of 87.60%.
Core inflation averaged 2.82% per year between 1984 and 2025 (vs all-CPI inflation of 2.81%), for an inflation total of 212.47%. In 1984, core inflation was 4.95%.
