The Collaborative International Dictionary of English v.0.48:

Florence \Flor"ence\, n. [From the city of Florence: cf. F.
   florence a kind of cloth, OF. florin.]
   1. An ancient gold coin of the time of Edward III., of six
      shillings sterling value. --Camden.
      [1913 Webster]

   2. A kind of cloth. --Johnson.
      [1913 Webster]

   Florence flask. See under Flask.

   Florence oil, olive oil prepared in Florence.
      [1913 Webster]

WordNet (r) 3.0 (2006):

Florence
    n 1: a city in central Italy on the Arno; provincial capital of
         Tuscany; center of the Italian Renaissance from 14th to
         16th centuries [syn: Firenze, Florence]
    2: a town in northeast South Carolina; transportation center