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A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
The British shilling, abbreviated "1s" or "1/-", was a unit of currency and a denomination of sterling coinage worth 1 ⁄ 20 of one pound, or twelve pence. It was first minted in the reign of Henry VII as the testoon, and became known as the shilling, from the Old English scilling, [1] sometime in the mid-16th century. It circulated until 1990.
It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, [2] but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one ...
The crown coin was nicknamed the dollar. In 1940, an agreement with the US pegged the Pound sterling to the US dollar at a rate of £1 = US$4.03. This meaning of "dollar" is not to be confused with the British trade dollar that circulated in East Asia. In 2014, a new world record price was achieved for a milled silver crown.
In England the "mark" never appeared as a coin but was only a unit of account.It was apparently introduced in the 10th century by the Danes. [3] According to 19th century sources, it was initially equivalent to 100 pence, but after the Norman Conquest (1066), it was worth 160 pence (13 shillings and 4 pence), two-thirds of a pound sterling.
Although the coin is commonly known as the "Five guinea" piece, during the 17th and 18th centuries it was also known as a Five-pound piece, as the guinea was originally worth twenty shillings (i.e. a pound) – until its value was fixed at twenty-one shillings by a Royal Proclamation in 1717 the value fluctuated rather in the way that bullion ...
The British half crown was a denomination of sterling coinage worth 1 ⁄ 8 of one pound, or two shillings and six pence (abbreviated "2/6", familiarly "two and six"), or 30 pre-decimal pence. The half crown was first issued in England in 1549, in the reign of Edward VI, with a value half that of the crown coin.
The Coinage Act, 1933, outlined the weights and sizes of the six denominations of New Zealand silver coinage, defining the shilling as a coin with a weight of 5.66 grams. [5] The shilling was worth twelve pence or half a florin.