Schilling Pubblico Deposited
The etymology of the term is in doubt. Some authorities consider it a corruption of Solidus, and it is thus translated in medieval archives. The old German scellan, to ring, and the scild, or shield, have also been suggested as possible roots.
Originally it was a money of account, the ixiuinl of silver being divided into twenty Schillinge of twelve Denarii. As a coin, bearing this name, it occurs in the fifteenth century, and originally appears in the Baltic Provinces. It was extensively used in the currency of the Teutonic Order, and was retained in the monetary systems of Hamburg, Liibeck, Holstein, Mecklenburg, etc., and in several of the Swiss cantons until comparatively modern times. See Shilling and Skilling.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)