Prior to decimalisation, when Great Britain and Ireland adopted a confusing monetary system based around a pound made up of one hundred pennies, a far more logical system known as LSD was used. L, S and D are the first letters of the names given to the different units of coin - L obviously stands for pounds and D stands for pennies (or pence). So far, everything is straightforward. Oddly however, S stands for shillings.
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