SHILLING  , an

English silver coin of the value of twelve pence . The origin of the word is somewhat obscure . There was an Anglo-Saxon coin termed stilling, or scylling, worth about fivepence, which is said to be derived from a Teutonic root, skil, to divide, +ling on the analogy of farthing (q.v.) . The silver shilling was first struck in 1504, in the reign of Henry VII . In Charles II.'s reign shillings were first issued with milled edges . In George IV.'s reign were issued the so-called " lion shillings," bearing the royal crest, a crowned lion on a crown, a design reverted to in the coinage of Edward VII . A shilling is token money merely, it is nominally in value the one-twentieth of a pound, but one troy pound of silver is coined into sixty-six shillings, the standard weight of each shilling being 87.27 grains .