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A silver coin, a sceatta (pronounced shottuh, roughly), from the Anglo-Saxon period.
The little silver coin, Fig. 233, is called a sceatta. This is a literal Anglo-Saxon word which means money; and when, in Anglo-Saxon familiar speech, the entertainer at a tavern is called upon to pay the shot, the coin of Victoria does the same office as the sceat of the early kings of Kent.
“As the fund of our pleasure, let each pay his shot,”
says Ben Jonson.