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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.
The Spur Ryal, so called because the sun and rose on the reverse resemble a spur, was introduced during James I's second coinage (1604–1619) when it initially had a value of fifteen shillings (15/-), but in line with all gold coins its value was raised by 10% in 1612, to sixteen shillings and sixpence (16/6).
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
The English shilling was a silver coin of the Kingdom of England, when first introduced known as the testoon.A shilling was worth twelve pence, [1] [2] and there were 20 shillings to the pound sterling. [3]
The mark remained a pure unit of accountancy (the Zählmark). 1 schilling pieces were minted as Scheidemünzen and 2, 4, 8, 16 and 32 schilling pieces as currency coins. Schillings were struck in Hamburg until 1862. Lübeck ceased minting coins after 1801 but continued to use the same currency system as Hamburg until German unification.
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar).
The North Carolina currency was worth less than sterling, with a rating of 1 North Carolina shilling = 9 pence sterling (or 1 North Carolina pound to 15 shillings sterling). The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7 + 1 ⁄ 2 times the Old Tenor notes. [2]