There USED to be 40 sixpences in a pound.
2 sixpences = 1 shilling.
20 shillings = 1 pound
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A sixpence was worth 1/40 of a pound so it would be worth about $.04. (1/40 of $1.61)
Two three pence make one sixpence.
A British Sixpence in 1885 had the purchasing power of about £1.80 GBP today.
The exchange between a sixpence and American money varies widely on how well the market is doing. Currently, a sixpence is now only worth one U.S. penny.
A Sixpence was a small silver coin used in many countries of the British Empire that was the equivalent in value to 6 pennies, hence the name. Sixpence is also how you would refer to the combined value of 6 pennies. If you had 6 pennies, or 3 pennies and a Threepence in your pocket, you could say that you had sixpence in your pocket.