What's the meaning of 29/6?

I'm reading an Arnold Bennet's book and in a passage of the text appears the following sentence:

"I want one of those hunters you have in the window at 29/6," said Richard.

Richard looks at a watch (hunters) in a shop window at 29/6 and he wants to buy it. I think 29/6 refers to the price of that watch, but what does it mean? 29 pounds and 6 pence?

Solution 1:

29/6 means "29 shillings and six pence." It's the way the old pre-decimal currency was written in Britain. (See Old English Money).

Amounts less than a pound were also written as:
12/6 meaning 12s-6d
10/- meaning ten shillings.

(Where s stood for shilling and d for pence.)

It would hardly have been 29 pounds, since that would have been a considerable sum of money for the period.