The British Shilling was a coin worth one twentieth of a Pound Sterling, 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, sometime in the mid-sixteenth century, circulating until 1990. The word Bob was sometimes used for a monetary value of several shillings, e.g. "ten bob note". Following Decimalisation on 15th February 1971 the coin had a value of Five New Pence. It was made from Silver from its introduction in or around 1503 until 1947, and thereafter in Cupro Nickel. |