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n the United Kingdom, the shilling was a coin used from the reign of Henry VII until decimalisation in 1971. Before decimalisation there were twenty shillings to the pound and twelve pence to the shilling, and thus 240 pence to the pound.
At decimalisation the shilling was superseded by the decimal five pence piece, which initially was of identical size and weight and had the same value.
The word shilling comes from schilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere.
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