Common: 10,000,000 or more minted. Sells often: 78 verified sales in the last 12 months.
1 Shilling - George VI Scottish 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: 4,797,800 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 | 1.50mm |
| 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 Crown Coat of Arms Cross |
Uncrowned portrait of King George VI left, legend around.
GEORGIVS VI D G BR OMN REX
Crowned lion seated atop crown holding sword and sceptre dividing date, shields flank, 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 | 6,748,800 | £9.99 | £16.15 | 12 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1938 scarcest | 4,797,800 | £6.00 type | £11.33 type | ||
| 1939 | 10,263,800 | £6.78 | £11.33 (1) | 5 | |
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VF£12.50EF£28.00UNC£95.00
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| 1940 | 9,913,000 | £5.75 | £11.33 type | 10 | |
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VF£12.50EF£28.00UNC£95.00
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| 1941 | 8,086,000 | £6.99 | £11.33 type | 4 | |
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VF£12.50EF£28.00UNC£95.00
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| 1942 | 13,676,700 | £5.25 | £11.33 type | 6 | |
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VF£12.50EF£28.00UNC£95.00
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| 1943 | 9,824,200 | £6.00 type | £11.33 type | ||
| 1944 | 10,990,100 | £7.59 | £10.80 (1) | 12 | |
|
VF£12.50EF£28.00UNC£95.00
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| 1945 | 15,106,200 | £5.45 | £10.79 (1) | 13 | |
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VF£12.50EF£28.00UNC£95.00
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| 1946 | 16,381,500 | £6.00 | £10.00 (1) | 16 | |
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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 Scottish 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 | £7.58 🔒 eBay | £10.80 | – | £7.58 – £16.15 | 6 | 6 | 11-10-2026 | |
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| BU | £12.79 🔒 eBay | £12.79 (1) | – | £12.79 – £12.79 | 1 | 1 | 22-09-2026 | |
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| EF | £5.00 🔒 eBay | £9.03 | – | £1.85 – £18.77 | 6 | 6 | 10-10-2026 | |
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| VF | £13.50 🔒 eBay | £6.49 | ▲8.4% | £1.70 – £14.00 | 62 | 62 | 16-10-2026 | |
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| F | £4.90 🔒 eBay | £4.90 (1) | – | £4.90 – £4.90 | 1 | 1 | 06-09-2026 | |
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| PR-65 | £20.00 🔒 eBay | £25.43 (2) | – | £20.00 – £30.86 | 2 | 2 | 19-09-2026 | |
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About the 1937 1 Shilling - George VI Scottish crest – with 'IND:IMP'
The 1937 1 Shilling - George VI Scottish 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 seated atop crown holding sword and sceptre dividing date, shields flank, legend above, denomination below.
Mintage figures are recorded for 10 years between 1937 and 1946, 105,788,100 coins in all. 1938 is the scarcest date, with 4,797,800 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 Scottish crest – with 'IND:IMP' worth?
Verified sold prices for the 1937 1 Shilling - George VI Scottish crest – with 'IND:IMP' run from £4.90 to £25.43 across 6 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 on the Scottish shilling?
A crowned lion seated facing on a crown, holding a sword and a sceptre, with the shield of St Andrew on one side and a Scottish thistle on the other, as the Royal Collection describes it. FID DEF IND IMP runs above and ONE SHILLING below.
Were Scottish shillings only used in Scotland?
No. Tony Clayton notes that the English and Scottish shillings of George VI were not distributed only in their own countries but circulated equally alongside each other. Either could turn up in change anywhere in the United Kingdom.
Which George VI Scottish silver shilling is the rarest date?
1938, with 4,797,852 struck according to Coin Hunter and Wikipedia. It is the lowest of the ten silver dates, and slightly below the 1938 English shilling. 1937 and 1941 were also under nine million.
Is the Scottish shilling still legal tender?
No. Shillings circulated as 5p pieces after decimalisation, and the Royal Mint Museum records that they were demonetised, along with the large 5p, from the end of December 1990.
How is the 1937 1 Shilling - George VI Scottish 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 Scottish 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
George VI's shilling was unusual in being issued with two reverses each year: the English lion standing on a crown, and this Scottish design. Tony Clayton points out that the two were not distributed only in their own countries but circulated equally alongside each other. This entry covers the Scottish coin in 50% silver, struck from 1937 to 1946.
Coin Hunter gives 6,748,875 for 1937. Output was below the English coin in every year of the type. The lowest date is 1938 at 4,797,852, and the highest silver date is 1946 at 16,381,501. From 1947 the shilling was struck in cupronickel, as silver coinage for circulation had ended with the 1946 issue.
Because its value equalled 5p, the shilling stayed in use after decimalisation. The Royal Mint Museum records that shillings were finally demonetised from the end of December 1990, when the smaller 5p replaced the old size.
The obverse carries Thomas Humphrey Paget's uncrowned head of George VI facing left, with GEORGIVS VI D G BR OMN REX and HP below the neck. The Royal Mint Museum notes that Paget alone was commissioned for the effigy after the abdication.
George Kruger Gray's reverse, in the Royal Collection's description, shows a crowned lion seated facing on a crown, holding a sword and a sceptre, dividing the date, with the shield of St Andrew on one side and a Scottish thistle on the other. FID DEF IND IMP runs above and ONE SHILLING below. The initials K and G sit in the centre, below the sword's pommel and the sceptre. The edge is milled.
Collecting notes
Scottish and English shillings of the same date have separate mintages, so identify the reverse first. The 1938 Scottish coin is the lowest of all twenty silver shilling dates of the reign, a little below the English 1938.
Both shillings were also struck as proofs in 1937. Coin Hunter gives 26,402 proofs and Wikipedia 26,000, and the Royal Collection holds a frosted 1937 proof of the Scottish type.
Later dates with the same reverse in cupronickel are on the 1947 Scottish shilling page, and the English companion is the 1937 English shilling.
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 (Scots type), with frosted finish, 1937 (RCIN 443756), Royal Collection Trust (read 10 Oct 2026)