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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.
A convention frequently used in retail pricing was to list prices over one pound all in shillings, rather than in pounds and shillings; for example, £4-18-0 would be written as 98/– (£4.90 in decimal currency). This is still seen in shilling categories of Scottish beer, such as 90/– beer.
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2/14/5
Australian currency was originally based on British pounds, shillings and pence. That changed in 1966, when the country converted to Australian dollars and cents, similar to the U.S. system.
5/- for 5 shillings only, with the dash to stand for zero pennies. The sum of 5/6 would be spoken as "five shillings and sixpence" or "five and six". The abbreviation for the old penny, d, was derived from the Roman denarius, and the abbreviation for the shilling, s, from the Roman solidus.
The British sixpence (/ ˈ s ɪ k s p ən s /) piece, sometimes known as a tanner or sixpenny bit, was a denomination of sterling coinage worth 1 ⁄ 40 of a pound or half a shilling.It was first minted in 1551, during the reign of Edward VI, and circulated until 1980.
The British pound sterling was confirmed as legal tender in 1858, [1] but had in effect been the sole circulating currency since 1847. [2] Australia began issuing its own coinage in 1910, including the Australian shilling .