Shilling

The shilling (or informally: bob) was a British coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first shilling.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Before decimalisation in 1971, a shilling had a value of 12d (old pence), and was equal to 1/20th of a pound: there were 240 (old) pence to the pound. Post-decimalisation, "shilling" refers to the 5p coin, which is still worth 1/20th of a pound, because there are 100 new pence in a pound.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The name shilling is believed to come from old Scandinavian skilling, meaning a division, or a mark on a stick.

Henry VIII: REDIRECT Henry VIII of England...

Henry VII: Henry VII can mean:...

Decimalisation: :This is about units of currency. For other conversions to decimal systems, see decimalization (disambiguation)....