Common: 10,000,000 or more minted. Sells often: 55 verified sales in the last 12 months.
1 Shilling - George VI English crest with 'IND:IMP' (1937–1946)
"Bob"
Circulating version: 1937 1 Farthing - George VI with 'IND:IMP'
| Country | United Kingdom |
| Year | 1937–1946 |
| Denomination | 1 Shilling |
| Face value | 5p |
| Mintage by year |
Scarcest year: 4,833,400 struck
|
| Mint | Royal Mint · Llantrisant |
| Circulation | Circulating |
| Demonetised | 1990 |
| Composition | Silver (.500) (500/1000 fine) |
| Weight | 5.660g · 0.0910 t oz |
| Diameter | 23.5mm |
| Thickness | 1.70mm |
| Shape | Round |
| Edge | Milled |
| Orientation | Medal alignment ↑↑ |
| Obv. artist | Thomas Humphrey Paget |
| Rev. artist | George Kruger Gray |
| Grade scale | UK (EF/UNC) |
| Tags | Cat or feline |
Uncrowned portrait of King George VI left, legend around.
GEORGIVS VI D G BR OMN REX
Crowned lion passant atop crown dividing date, legend above, denomination below.
FID DEF IND IMP ONE SHILLING
with 'IND:IMP' Shilling market value
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Affiliatewith 'IND:IMP' Shilling price history
Daily limit reachedwith 'IND:IMP' Shilling value by year
1937 to 1946 · median sold prices| Year | Mintage | Circulated | Uncirculated | Sales | |
|---|---|---|---|---|---|
| 1937 | 8,359,100 | £5.09 | £11.00 | 13 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1938 scarcest | 4,833,400 | £4.99 type | £10.79 type | ||
| 1939 | 11,052,600 | £4.99 type | £10.79 type | ||
| 1940 | 11,099,100 | £7.20 (2) | £10.79 type | 2 | |
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VF£12.50EF£28.00UNC£95.00
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| 1941 | 11,391,800 | £6.41 | £10.79 type | 6 | |
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VF£12.50EF£28.00UNC£95.00
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| 1942 | 17,453,600 | £4.99 | £10.79 type | 7 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1943 | 11,404,200 | £4.99 | £10.79 type | 7 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1944 | 11,586,700 | £4.15 | £7.00 (1) | 7 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1945 | 15,143,400 | £5.45 | £10.79 (1) | 8 | |
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VF£12.50EF£28.00UNC£95.00
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| 1946 | 18,663,700 | £4.49 | £195.04 (1) | 5 | |
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VF£12.50EF£28.00UNC£95.00
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One row for each year the 1 Shilling - George VI English crest – with 'IND:IMP' was struck. Prices are medians of verified sold listings matched to that year from the listing: circulated is worn condition up to Extremely Fine, uncirculated is About Uncirculated or better. A count in brackets means fewer than three sales behind the figure; a grey figure marked "type" is the median across every year, shown where that year has no sale of its own yet; years with no sales yet fill in as sales are recorded. Most types have been searched year by year only since October 2026, so later years are still filling in. Use the grade table below for a price by condition across all years.
with 'IND:IMP' Shilling value by grade
Realised auction prices · ⭐ Pro Expand rows for individual sale records| Grade | Latest | Median | 30d Δ | All-time range | Sales (1yr) | Total sales | Last sale | |
|---|---|---|---|---|---|---|---|---|
| UNC | £10.79 🔒 eBay | £5.00 | – | £3.21 – £10.79 | 3 | 3 | 15-09-2026 | |
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| BU | £17.00 🔒 eBay | £17.00 (1) | – | £17.00 – £17.00 | 1 | 1 | 05-07-2026 | |
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| EF | £7.50 🔒 eBay | £7.75 (2) | – | £7.50 – £7.99 | 2 | 2 | 03-10-2026 | |
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| VF | £5.45 🔒 eBay | £5.45 | ▲24.4% | £1.70 – £14.00 | 46 | 46 | 12-10-2026 | |
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| aUNC | £7.00 🔒 eBay | £7.00 (1) | – | £7.00 – £7.00 | 1 | 1 | 20-08-2026 | |
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| MS-65 | £195.04 🔒 eBay | £195.04 (1) | – | £195.04 – £195.04 | 1 | 1 | 04-08-2026 | |
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| PR-65 | £30.86 🔒 eBay | £30.86 (1) | – | £30.86 – £30.86 | 1 | 1 | 26-08-2026 | |
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About the 1937 1 Shilling - George VI English crest – with 'IND:IMP'
The 1937 1 Shilling - George VI English crest – with 'IND:IMP' is a circulating 1 shilling coin issued from 1937 to 1946, struck in 50% silver. It weighs 5.66g and measures 23.5mm across. Reverse design: Crowned lion passant atop crown dividing date, legend above, denomination below.
Mintage figures are recorded for 10 years between 1937 and 1946, 120,987,600 coins in all. 1938 is the scarcest date, with 4,833,400 struck. It is no longer legal tender (withdrawn 1990), so its value is to collectors only.
Common questions
How much is the 1937 1 Shilling - George VI English crest – with 'IND:IMP' worth?
Verified sold prices for the 1937 1 Shilling - George VI English crest – with 'IND:IMP' run from £5.00 to £195 across 7 grades, taking the median for each grade. Condition makes the difference, so check the grade table above before pricing one. Its silver content is worth about £3.64 at today's spot price, which puts a floor under its value.
What is the difference between the English and Scottish shillings?
The English shilling shows a crowned lion standing on a large crown. The Scottish one has a lion seated facing on a crown, holding a sword and sceptre, between the shield of St Andrew and a thistle. Tony Clayton notes both circulated equally across the UK, not only in their own countries.
Which George VI English silver shilling is the rarest date?
1938, with 4,833,436 struck according to Coin Hunter and Wikipedia. It is less than half the output of any other year from 1939 to 1946, when production ran from about 11 million to more than 17 million a year.
Is the 1937 to 1946 shilling silver?
Yes. Shillings of these dates are 50% silver, the standard used since 1920. The minting of silver coinage for circulation ended with the 1946 issue, and shillings from 1947 are cupronickel with no silver content.
When did the shilling stop being legal tender?
Shillings stayed in use after decimalisation as 5p pieces. The Royal Mint Museum explains that when the smaller 5p arrived in 1990, all earlier 5p coins and shillings were demonetised from the end of December 1990.
How is the 1937 1 Shilling - George VI English crest – with 'IND:IMP' different from the circulating coin?
This is a collector version of the 1937 1 Farthing - George VI with 'IND:IMP', not the coin found in change. At 5.66g of 50% silver it is heavier than the 2.83g copper circulating coin, so weighing it is the quickest check.
How do I identify the 1937 1 Shilling - George VI English crest – with 'IND:IMP'?
Check the weight 5.66g and diameter 23.5mm and the metal (50% silver) against the specification table on this page. The reverse design is described above.
History and design
The shilling, worth twelve old pence, was given two reverses under George VI, one English and one Scottish, both struck every year. Tony Clayton notes that they were not distributed only in their own countries but circulated equally alongside each other. This entry covers the English design in 50% silver, the alloy in use since 1920, struck from 1937 to 1946.
Coin Hunter gives 8,359,122 for 1937. The lowest date is 1938 at 4,833,436, after which output rose past 11 million a year, peaking at 17,453,643 in 1942 on figures both Coin Hunter and Wikipedia share. Silver coinage for circulation ended with the 1946 issue, and from 1947 the shilling was cupronickel.
The shilling kept its place after decimalisation, as its value matched the new 5p exactly. The Royal Mint Museum records that shillings circulated as 5p pieces until the end of December 1990, when they were demonetised with the large 5p.
Thomas Humphrey Paget's uncrowned portrait of the King faces left on the obverse, with GEORGIVS VI D G BR OMN REX. The Royal Mint Museum describes it as what has been called the classic coinage head of the 20th century. HP sits below the truncation.
George Kruger Gray's reverse shows a crowned lion standing on a large crown that divides the date, with FID DEF IND IMP above and ONE SHILLING below. His initials K and G sit at the top, either side of the lion's tail. The edge is milled.
Collecting notes
Check which reverse you have before looking up a date, since English and Scottish shillings of the same year have separate mintages. The 1938 English coin is the scarcest silver date of this design.
Proofs were struck for 1937: Coin Hunter gives 26,402 and Wikipedia 26,000. The Royal Collection holds a frosted proof. Tony Clayton adds that rare proofs of some later dates up to 1949 are known.
The same design continued in cupronickel on the 1947 English shilling. See the Scottish shilling for the companion reverse.
No recognised varieties or mint errors are documented for this coin.
Sources
The history, design, varieties and collecting notes on this page are drawn from these sources. Prices come from recorded sales, not from them.
- Coin values by year, George VI (year pages 1937 to 1946, read one by one), Coin Hunter (read 10 Oct 2026)
- Shilling (British coin), Wikipedia (read 10 Oct 2026)
- One Shilling, Tony Clayton, Coins of the UK (read 10 Oct 2026)
- Shilling, Royal Mint Museum (read 10 Oct 2026)
- Humphrey Paget, Royal Mint Museum (read 10 Oct 2026)
- Initials on British coins, TreasureRealm (read 10 Oct 2026)
- George Kruger Gray, Wikipedia (read 10 Oct 2026)
- George VI proof shilling (English type), with frosted finish, 1937 (RCIN 443755), Royal Collection Trust (read 10 Oct 2026)
- Values of Shillings, Tony Clayton, Coins of the UK (read 10 Oct 2026)