# Definition:Sterling/Shilling

(Redirected from Definition:Shilling)

## Definition

The shilling is an obsolete unit of the Sterling monetary system.

### Symbol

The symbol for the shilling is $\shillings$

Note that the $.$ is part of that symbol.

 $\ds$  $\ds 1$ shilling $\ds$ $=$ $\ds \frac 1 {20}$ pound sterling $\ds$ $=$ $\ds 12$ (old) pence $\ds$ $=$ $\ds 5$ (new) pence

## Historical Note

The shilling descends from the Roman solidus, defined as the purchasing power of $\dfrac 1 {20}$ of a troy pound (in weight) of silver.

The shilling was discontinued in $1971$ when the UK coinage system was decimalized.

It was replaced by a coin of the same value, size, shape and material, called the $5 \mathrm p$ piece.