how much is a shilling in american money
Shilling In the thirteen British colonies that became the United States in 1776, British money was often in circulation. Each colony issued its own paper money, with pounds, shillings, and pence used as the standard units of account. Some coins were minted in the colonies, such as the 1652 pine-tree shilling in the Massachusetts Bay Colony. After the United States adopted the dollar as its unit of currency and accepted the gold standard, one British shilling was worth 24 US cents. Due to ongoing shortages of US coins in some regions, shillings continued to circulate well into the 19th century. Shillings are described as the standard monetary unit throughout the autobiography of Solomon Northup (1853)[9] and mentioned several times in the Horatio Alger, Jr. story, Ragged Dick (1868).[10][11]