"Great Britain's monetary system is based on the decimal system. The main currency of Britain is the pound, which is divided into one hundred pence. The pound got it's name from the value of one pound Tower weight of silver known as sterling silver. British coin values that are in circulation are as follows: One Pence - 1/100 of a PoundTwo Pence - 2/100 of a PoundFive Pence - 5/100 of a
. PoundTen Pence - 10/100 of a PoundTwenty Pence - 20/100 of a PoundFifty Pence - 50/100 of a Pound (also called 1/2, or Half Pound)One Pound - 100/100, 1 full PoundTwo Pounds - 200/100, 2 full Pounds"