2. Guernsey Currency
In this curious relic of the old French monetary system the Livre is the equivalent of the louis d’or of 24 francs; the Sol or sou is a shilling, 1/20 of the livre; the Denier is a penny, 1/12 of the shilling, and it is divided into 8 doubles, each equal to the old French liard or quarter-sou of 3 deniers, not to the old French double of 2 deniers. The only Guernsey coins are the bronze pieces of 8, 4, 2, 1 doubles; that of 8 doubles being the penny.
The silver coins are French, counted 10 pence to the franc; so that the five-franc piece passes for 4s. 2d. Guernsey.
The Guernsey pound is either a bank-note for this amount, or 24 francs in French silver, equal to 240 Guernsey pence. Sovereigns are current, taken at the usual rate of 25 francs and 2 pence = 252 pence or 21 shillings Guernsey. So the English sovereign becomes a guinea in French silver and Guernsey bronze.
The people of Guernsey hold by their old system; they find no inconvenience in it; and it is decidedly advantageous to the English resident in the island.