It would be 100/16 pence = 6.25 pence.
However, since there is no 0.25 pence, it would probably be rounded down to 0.6 pence.
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Pound currency = 10 pence Pound mass = 1.6 ounces
One british pound in currency.
Now it is 100 pence to the pound. Pre decimal currency, there were 240 pennies in a pound.
1/16 × 1 = 1/16 = 0.0625 ---------------------------------------------------- You may have missed off a unit, as in one sixteenth of one POUND (weight) → 1/16 × 1lb = 1 oz (1 ounce).
In terms of currency it is one penny. In terms of weight there is no special term.