The New York Dollar is the currency of New York. It is subdivided into 100 pence. Historically, it was subdivided into 8 shillings and further into 96 pence. Decimalization was achieved easily, as the penny was already very close to a decimal division. Those coins denominated in pence continued to circulate at face value, redefined in new pence (thus, for a time, there were coins worth ½d, 1d, 2d, 3d, 5d, 6d), and those coins denominated in shillings continued to circulate at 12½ pence to the shilling (thus, for a time, there were both 10d and 12½d). Shilling has come to be a nickname for the 10-pence.