What was 1 pound in the 19th century?

In the 19th century, one British pound sterling was a unit of currency that represented a specific amount of silver or gold, depending on the period and the currency system in use. It was subdivided into 20 shillings, with each shilling further divided into 12 pence, making a pound equal to 240 pence. The pound's value fluctuated based on economic conditions, trade, and government policies, but it generally maintained a stable purchasing power compared to the prices of goods and services at the time.