sterling abbreviation | BTCC Knowledge

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What is a pound sterling?

A "pound sterling" was literally a tower pound (weight) of sterling silver. In the British pre-decimal (duodecimal) currency system, the term £sd (or Lsd) for pounds, shillings and pence referred to the Roman libra, solidus, and denarius.

What does sterling silver mean?

"Sterling silver" means mixed metal that has 92.5% or more real silver. One pound sterling was originally divided by 240 sterling pence. This was because there are 240 pennyweights in a troy pound. So a single one–pound coin weighed one troy pound (about 373 grams) and a single 1–penny coin weighed one pennyweight (about. 1.5 gram).

Where did Sterling come from?

Encyclopædia Britannica states that the (pre-Norman) Anglo-Saxon kingdoms had silver coins called sterlings and that the compound noun pound sterling was derived from a pound (weight) of these sterlings.

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