Although the shilling is no longer in use in the United Kingdom, it is still used in Kenya, Somalia, Tanzania, and Uganda. In American currency, one shilling from each of these countries is worth less than a penny today.
The British shilling was phased out in 1971, when a decimal system was introduced that divided the pound into 100 pence.
It was worth one-twentieth of a pound when it was in use. That is comparable to five pennies in the decimal system. Five British pence is currently equivalent roughly 6 US cents.