exacly in this scenario the gran being in her 70s-80s would have almost differently been a Victorian born in the 1880s-90s that's pre-federation folks! and she would have seen Australia go from a series of colonies to a country, two world wars, a depression and now a currency change, boy the life she would have lived!

Different from the UK ones

That is an interesting point - was the UK right to keep the pound and introduce the decimal half penny?

@@seprishere The Conservatives were all for the 10/- system and for scrapping the pound unit.

Still Very Confusing

The pound will be divided into hundred new pence Five new pence make one shilling, doesn’t it make sense? The change will soon commence in 1971 And the value of the pound will be the same when we’re done Clink go the new pence, clink clink clink D-day is coming much sooner than you think The pence are not exact, but it isn’t all that bad All transactions will be rounded to the new pence a tad

how?​@@shinatham53

+Marlene Traynor America finds it difficult to give up it's fabled Imperial ways.

+Marlene Traynor Glenn was only two at the time, *and* pregnant with Brett? Sounds like a near miracle to me!

+Christopher Sobieniak That's the saddest part. They've tried for a while and were so stubborn as a group that we wouldn't let it happen. Maybe they will be able to try again soon, since people have changed since the 70s and may be more open to changing to the superior system. They already teach it in science classes in most schools. Just not seen as important since it's not used in everyday life.

Smooooth Assuming we can even get the south on board this time. It's true we really don't use it as a regular thing.

​@@smooooth_ I think the people there are just as stubborn as they ever were. :-/ And the reason that they teach it in science class is because the USA officially accepted the Metric System in 1878. It's just that outside the science and technology sector US customary units remain ubiquitous.

Murdoch493 inflation rate is the answer

I would just exchange the 50 cents for 6 pounds.

I'm more gotten by the fact that it says 6 pounds- wiki shows me the full metrification came later; but it feels so odd to have an imperial measurement with a metric currency

A, i think they're talking weight not money and B, ind you they're only getting paid about $12.400 a yesr or $238 a week

AMEN!

James, I am from the UK but work in the US as a racecaller and always mark up my prep chart for races with a dollar sign crossed twice to demote a longshot in the race! my US colleagues have often mentioned it when they see my notes!

Most people I know here in the U.S.interchangeably use one or two strokes when writng the dollar symbol...we were never taught there was a wrong or right way.

He's the father of the family.

I think the value of the pound then would have made a decimal penny too great in value and they didn't want to have to mint half-new-penny coins that would have been worth 1.2 old pennies. Also then sixpence would have been worth 2.5 new pence instead of 5 which meant they couldn't have just have a new coin to correspond to each old coin as they ended up doing for all the important coins (over sixpence) with sixpence equal to 5 cents, one shilling or 12 pence equal to 10 cents, a florin or 2 shillings worth 20 cents, 5 shillings being 50 cents, 10 shillings being a dollar, etc.

@@xenophiliusrex2501 ...Wow!!...I know I stubbornly cling to the Imperial system of measurement, but I can't believe it's as complicated as that system. But there's something to be said about the value of a base unit of currency (the pound sterling, which has to have its 'pennies' divided into sixths!...it costs out U.S. mints several times over the value of each penny (1 cent) coin we still stubbornly produce!

Because otherwise they would have needed decimal half pence like the UK had.

@@xenophiliusrex2501 In other words, what the UK actually did in 1971?

@@disoriented1you aren’t stubborn, your correct

Most subtitles are automated, they probably didn't have subtitles in the original ads.

One of the reasons is so that the new money was rolled out quicker. That is what I was told at the time

+Cj I'm sure it made exchanging it a lot quicker.

+hebneh It meant that if anyone was at all "confused" they could pay a debt of (say) $0.27 in the "old money" with 3/- (That is 3 Shillings) and then receive 3 Cents in change. What is NOT mentioned in these advertisements is that there were other more detailed explanations of the (small) problem in that 6 Pennies = 5 Cents in this conversion. (So something's gotta give and is someone being "ripped off" in this inequality?) While I can't, at the minute, think of the little rhyme that was used, the "conversion" was as follows - when the final number of cents was less than 10: - 1 Penny, 1 Cent 2 Pennies, 2 Cents 3 Pennies, 2 Cents Too 4 Pennies, 3 Cents 5 Pennies, 4 Cents 6 Pennies, 5 Cents New 7 Pennies, 6 Cents 8 Pennies, 7 Cents 9 Pennies, 7 Cents Too 10 Pennies, 8 Cents 11 Pennies, 9 Cents 12 Pennies, 10 Cents New So, the payment in "old" money of 3/- ($0.30) may have been be made up of Shillings (possibly mixed with sixpences, threepences and new 5 Cent, or higher, coins) and Pennies, TOTALLING 3 Shillings and the change received would have been 3 Cents (BUT, one could not mix Penny and Cent coins, unless they totaled 6 Pence and 5 Cents respectively.) If one analyses this, it can be seen that no one should have been more than 1 Penny "out of pocket" at the end of the entire decimalisation process and they may have gained one penny in the process. Of course, many people just kept the old pennies as curiosities and the value of the metal concerned is now more than their "face" value. Just before the conversion day, one large department store made a detailed analysts of all their transactions for the day, assuming that their (about to be converted to decimal) prices had been in force and the payments had all been made in "old" money - which they were. They assessed the "error" involved over the total of all transactions to have been 3 Pence (or 3 Cents. I am not now sure which and in which direction the "error" was, but, obviously, this overall "error" was insignificant.) A similar thing goes on today in Australia where 1 and 2 Cent coins have been withdrawn from circulation but prices may be denominated in values that are NOT a multiple of 5 Cents, which is the smallest coin now in circulation. Any extra 1 or 2 cents is "rounded down" to zero and any extra 3 or 4 Cents is "rounded up" to 5 Cents on the bill. If you pay by credit or debit card, you usually get charged the exact value to the cent.

+hebneh it was cause the system was to complicated so the switched to dollars

If they paid EXACT OLD money, then they would never receive the new currency. Duh! Pretty simple for the average person to comprehend.

Originally the Australian pound was pegged to the British pound and this made sense as Australia mostly traded with Britain for a long time The Australian pound was eventually de-valued slightly so that the British pound was worth a bit more than the Australian pound

@@amazingalloverfitness-onli1789 it same as dollars

I have, and I was born in 1987.

I can do it I was born in 2000

Give them cash at the McDonald's drive thru and they nearly pass out in sheer terror 😅

I'm 23 and I worked in fast food with 16-25 year olds and none of them struggled 😂

@samb123 yeah, how come none of them can count the change , even when the cash register will calculate it for them? None of them can count period because you're not taught at school properly like older generations were .in other words you're all dumb as rocks ..sorry kid just a fact

No her change would be 2 cents. Either the 2 cent coin or the 1 cent coin.

She gave a mix of currencies 2 shillng and 10 cents. So 3 shillings or 30 cents and got 7 cents change.

your struggle is pointless, yet I admire your tenacity

Of course, the pound sterling is a very prominent way of currency that must spread still, the dollar and cents sound like a rip off and a sham.

kzfaq.info/get/bejne/a8CEmLp9ppewcac.html

Because the old english system was rarted for some reason.

Partially because we were trading more with the US by that point (which used dollars/cents) and were trading less with Britain (which still used Lsd) Also because global commerce was moving towards decimal currency, and Australia (along with Britain, NZ, Nigeria) were among the last countries in the world not to switch over to decimal currency. Also, decimal currency is objectively easier for accounting and finance and helped us integrate more into the (emerging) global financial system.

@@anthonycotter1493 Thank you!

Historically the US and other dollars were controlled in exchange rates and it was close to half a pound. So when Australia changed over, they found using the "dollar" type unit more convenient for decimalization

+aussie 777 Good on ya for yelling out what we are getting ripped off for!

@@nannettesidebottom1021 Groan. You dumb arses really make total fools of yourself talking this kind of shit. You have no clue what you're talking about. Sheesh. Glad they don't make him as stupid as you two these days

And my 30th Birthday!

+FrodoOne1 Happy Birthday to you!

Nannette Sidebottom Thank you. 50 years ago seems to me only like yesterday!

+BBC600 I feel your pain. I wonder when we'll be next down here?

BBC600 the Canada was changeover before the Dominion of Canada has been made So when Canadian dollar was born all Canadian pound, Nova Scotian Dollar, New Brunswick Dollar, Prince Edward island Dollar, Manitoban Dollar was already decimilised

From the U.S.; I don't know about anywhere else, but it costs the U.S. mint 7 cents to make one penny..1 cent. But..those of us my age still know the old saying 'penny wise and pound foolish'!..my parents used it! .Until a few years ago, I couldn't make sense of it..penny is money..pound is weight. Then..duh, I realized this is a legacy of our motherland!

Someone confused Austria and Australia, as Austrian currency was called Schilling.

It's either!

Schilling is German and shilling is English

Dozenal is superior to decimal (at least in terms of divisibility), but I don't see why there needed to be three levels of currency. Why not eliminate the shilling and just have a pound be 240 pence, or eliminate the pound and just deal with shillings and pence?

but remember old pound system was complicated even more complicated when computer is more used, even you are be used with it, it still annoying to count how many coins you had. Also Australia starting to trade with US, and global trading because rest of the world use decimalized currency and its much easier to use in finance

But the dollar and cents concept sounds like a rip off/knock-off