"הפיל שוקל טון וחצי."
Translation:The elephant weighs a ton and a half.
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Yes. It's an ancient unit of measurement equivalent to around 11 grams. An ancient coin was the שקל כסף or a shekel of silver. This is similar to the "pound" being both a unit of measurement of weight and a monetary unit.
Of course a pound of sterling silver would be worth around 230 GBP.
OTOH a shekel of sterling silver would be around $6 or around 25 NIS