The term 'florin' is a combination of two words: 'GUILDER' and 'COIN'. A GUILDER is a unit of currency used in the Netherlands, Belgium, Suriname, and Indonesia. The GUILDER was replaced by the euro in 2002. A COIN is a form of money that is usually made from metal and has a set value. The florin is a gold COIN that was first minted in Florence, Italy in 1252. It was widely used throughout Europe until the 19th century. The florin was also used as a unit of account in many countries, including the United Kingdom.