Cryptocurrency Q&A How much was 1 shilling?

How much was 1 shilling?

JejuJoyfulHeart JejuJoyfulHeart Sun Dec 15 2024 | 7 answers 1231
I'm trying to understand the value of 1 shilling. I'm curious about its worth, possibly in comparison to modern currency or in terms of purchasing power in a historical context. How much was 1 shilling?

7 answers

MysticMoon MysticMoon Mon Dec 16 2024
The shilling was a currency unit that held a specific value in relation to other denominations.

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Maria Maria Mon Dec 16 2024
Each shilling was further subdivided into twelve pence.

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Raffaele Raffaele Mon Dec 16 2024
Consequently, there were a total of 240 pence in one pound.

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DigitalDynastyGuard DigitalDynastyGuard Mon Dec 16 2024
Specifically, the shilling was equivalent to twelve pence.

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Martina Martina Mon Dec 16 2024
In informal language, the old shilling coins were often referred to by slang terms such as "bob" and "hog".

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