Talk:Guernsey pound

Comments

In [1], it is claimed that the value of the double was as follows:

1829-1848	80 Doubles = 1 French Franc
1848-1850	2040 Doubles = 1 Pound
1870-1921	2016 Doubles = 1 Pound
1921-1971	1920 Doubles = 1 Pound

The rates to the pound correspond to 8×12×21.25, 8×12×21 and 8×12×20, respectively, whilst the rate of 80 to the franc would tally with the rate of 1920 doubles to the pound and 24 francs to the pound, as was used on Guernsey's World War I banknotes. Can anyone make sense of these rates?
Dove1950 14:58, 24 June 2006 (UTC)

The WWI notes were denominated in shillings or pounds and francs, with 1 pound = 24 francs. This was not the rate of exchange between sterling and the French franc, that was £1 = 25.22 FF. Could it have been that Guernsey had its own pound, worth 24 FF? If the double was an eighth of a "Guernsey penny", that works out at 80 doubles to the franc (as above), 1920 doubles to the "Guernsey pound" and 2017.7 doubles to the pound sterling, not a million miles away from 2016. In 1921, the bi-currency notes were stamped with the word "British", perhaps indicating a switch to sterling with 8 doubles = 1 British penny. This doesn't explain the earlier rate of 2040 (perhaps something to do with the Latin Union?), nor what happened between 1850 and 1870 (could be a typo on the original site?) but it does suggest that there's more to the double that meets the eye.
Dove1950 22:43, 25 June 2006 (UTC)

"The Coin Atlas" by Cribb, Cook and Carradice confirms the exchange rate of 2016 double to the pound sterling before 1921 and states that there were "21 Guernsey shillings to the British pound". I've therefore incorporated this value, together with the link to the French franc, into the article. I can't account for the earlier rate of 2040 yet. It seems to come from "Currencies of the Anglo-Norman Isles" by McCammon (ISBN 0 907605 13 3) but I can't find a copy.
Dove1950 12:50, 29 June 2006 (UTC)

If the double is 1/80th FFR, it can be neither a double denier (2 denier) nor a liard (3 deniers). At introduction, the franc was valued at 15 deniers tournois (actually 1 livre 3 deniers), so that a Guernsey double was 80/15 or 5-1/3 denier. That's close to a half sol (6 denier). Taking the traditional accounting value of the livre tournois of 12 deniers, the Guernsey double would be 80/12 or 6-2/3 denier, also close to a half sol. In fact, I think the expression "double denier" meant nothing more than "small copper coin". There was no relationship between the Guernsey double and any French pre-decimal coin.--Peterk2 15:13, 10 June 2007 (UTC)

With the new information supplied at [2], the mist is beginning to clear. In (rather belated) response to the above, the franc was initially worth 243 deniers tournois, since there were 240 deniers to the livre, not 12. 12 denier equalled a sou.
Dove1950 (talk) 22:54, 4 February 2008 (UTC)

guernsey 1997 pound coin

hi i have found at work a guernsey pound coin which has a symbol we do not recognise is there any chance of it being a rare coin?????

Please describe the two sides in detail. --ChoChoPK (球球PK) (talk | contrib) 14:42, 3 November 2006 (UTC)

Decimal Day

In the context of this article, the "British Isles" did not decimalise, as the British Isles had several currencies. It is incorrect to use the term "British Isles" in a geopolitical context, and as per consensus on usage of the term, it is deemed to be correct only for geographical articles. As such, seeing as this article is referring to decimalization (known as Decimal Day), I copied the description from that article to here. --Bardcom (talk) 12:30, 8 July 2008 (UTC)

The British Isles can be said to have decimalized on 15/2/71, since all the currencies were pegged to one another and changed in concert, adopting coins with the same specifications. Perhaps this is a special case but it is accurate. Your changes ignored the Jersey and IOM pounds.
Dove1950 (talk) 22:49, 9 July 2008 (UTC)

I copied the text from the article "Decimal Day" - probably a better example of NPOV. Why are you insisting that the British Isles decimalized? They didn't - they couldn't, because they didn't have a single currency. That's the central point. The text is misleading readers into thinking that the British Isles had a single currency. I can't recall, but I do believe it was a special case - wasn't it possible to use Irish pounds in England or not? Anyway, if you can provide a reference to say that the British Isles decimalized, it'd help. Also, it's no problem adding in mentions of Jersey and IOM for completeness - I just copied from "Decimal Day". Thank you. --Bardcom (talk) 23:01, 9 July 2008 (UTC)

They did in effect have a single currency, since sterling was used throughout, with the ROI, IOM and Channel Islands issuing their own coins and notes denominated in £sd (sometimes including the word sterling), then £p. I do see your point about how to use the term British Isles but this was an instance when the constituent parts of the British Isles all acted together.
Dove1950 (talk) 23:10, 9 July 2008 (UTC)

But the Irish pound wasn't sterling, although until the ERM broke the link its value was pegged to sterling. Man vyi (talk) 05:26, 10 July 2008 (UTC)

Correct, and that is the pertinent point - there were two currencies, Sterling and Irish Pound, and two jurisdictions, etc. For all practical purposes, Sterling was accepted everywhere - but I recall that the Irish Pound was not. Perhaps the sentence can be better restructured to make this clear (as the "Decimal Day" article already does)? Or perhaps the sentence can simply make reference to Sterling? --Bardcom (talk) 09:09, 10 July 2008 (UTC)

Let's just separate this into two distinct parts. The first is how best to write this article. It is true that all the constituent parts of the British Isles decimalized together on 15/2/71. Therefore, this article is correct as it stands. For me, the question is whether it can be improved by rewriting it. The second is whether or not the Irish pound was sterling. Technically it was not the same currency but it was pegged at par to sterling until 1978 and, consequently, sterling could be used in the ROI. However this situation is described, I don't think it matters much for this article.
Dove1950 (talk) 20:33, 15 July 2008 (UTC)

How about: In 1971, along with the rest of the sterling denominations of the British Isles, Guernsey decimalized. The pound was subdivided into 100 pence, with a coin denominations ranging from ½p to 50p. 20p, £1 and £2 coins were issued later.? Man vyi (talk) 22:33, 15 July 2008 (UTC)

I'm not sure what "sterling denominations" means in this context. Nor am I sure that it matters for this article whether the other parts of the British Isles were using sterling or something linked to sterling. What does matter is that everyone in the British Isles woke up one morning and had to start using new pence. (Yes I know it was a bit more complicated than that but you get my drift.)
Dove1950 (talk) 22:01, 17 July 2008 (UTC)

You'll all probably say that I should have done this earlier, but I've just looked at the article British Isles, only to find that the term is disliked by at least some people in Éire. Is this at the heart of this discussion?

Translation into Chinese Wikipedia

The 15:48, 2 December 2009 Chrisjj version of this article is translated into Chinese Wikipedia to expand a substub.--Wing (talk) 11:44, 10 January 2010 (UTC)

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money creation

Is it true that these notes are created not via the fractional reserve banking scheme?--Namaste@^? 20:18, 1 October 2011 (UTC)

GGP Currency Code

"For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound, but where a distinct code is desired GGP is generally used.[1]"

The link to Lloyds redirects to the home page.

XE.com uses the code GGP to represent Guernsey pounds. Could we say it is a de-facto industry code if not de-jure? http://www.xe.com/currency/ggp-guernsey-pound?r=3 — Preceding unsigned comment added by 188.39.95.138 (talk) 19:10, 10 April 2013 (UTC)

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