What was the value of a Shilling in 1789 compared to the US currency?

Answer 1

One Shilling GBP in 1789 had the purchasing power of about £4.62 GBP today.

One Shilling GBP in 1789 had the purchasing power of about $7.03 USD today.

NOTE - This historical conversion is the result of many calculations and considerations for which I cannot take credit. The resulting answer should only be regarded as an approximation.

Answer 2

The British Shilling was a part of the now redundant Pounds, Shillings and Pence currency.

There were 12 Pence to the Shilling and 20 Shillings to the Pound.

At the time of Britains conversion to decimal currency, One Shilling converted to 5 New Pence. The Shilling was replaced by the 5 New Pence coin in 1968, although Shilling coins remained in circulation for some time after decimalisation.

In 1968, One Shilling had the purchasing power of about $0.90 USD today.

Answer 3

The Royal Mint produced no Shilling coins from 1764 to 1786 inclusive.

Due to Britains ongoing expenses with various wars in the late 18th and early 19th centuries, there were very few silver or copper coins minted, subsequently there were a great many privately minted tokens and counterfeit coins produced.

To get an estimate of value on a privately minted token, you need to provide the details of the inscription on the token.