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Continental Europe did not have shillings - and throughout the medieval period it did not exist as a coin in England either, it was simply an accounting value (equal to 12 silver penny coins).

The shilling was first minted as an actual coin after the medieval period had ended - in about 1502. Examples of this coin are extremely rare today.

In the early medieval period it is thought that the shilling equated to the price of a cow in certain parts of England (prices varied considerably at that time).

As for its purchasing power, this changed over time (as did every aspect of life in the very long middle ages). In England in about 1200, twelve silver pennies (a shilling) would buy 1 ewe and her lamb, or just 1 sheep, or 2 spoked wheels for a cart, or 8 lengths of rope, or 5 metal locks, or a wooden gate for a farmyard, or pay men to spread dung on 12 acres of land.

Your three shillings (36 silver pence) would buy 50 thick planks for use as floorboards, or almost pay the wages of a carpenter for 6 months, or pay the wages of a dairywoman for 12 months, or buy 3 sheep, or wheels for 3 carts, or 24 lengths of rope, or 15 metal locks, three gates and so on.

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Q: How much was three shillings in medieval Europe?
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