Shilling (redirected from taking the King's shilling)
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Related to taking the King's shilling: taking the Queen's shilling
1. In the United Kingdom, an informal term for a five pence
coin. The term dates back to before decimalization
, when a shilling was worth 1/20 of a pound. The term also persists with the same meaning for 1/20 of an Australian dollar
2. The name of the currency
in several Commonwealth countries.