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Australia George V

1912  One Shilling reverse 1912  One Shilling obverse

1912 One Shilling

Mintage:1,000,000
Reverse Designer:W. H. J. Blakemore Obverse Designer:Sir E. B. MacKennel Size:24mm Weight:5.66g Edge:Reeded Composition:92.5% Silver
7.5% Copper

Values

Sales History

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The 1912 Shilling was the second year in the George V series and was struck at the Royal Mint in London to a mintage of 1,000,000. This relatively low mintage makes the piece quite a challenge to obtain in any grade. In mint-state the piece often exhibits hairlines due to the distribution process via ship from the United Kingdom which makes the type very hard to obtain beyond MS64.

In 1912 this time the price of silver was relatively low meaning which meant that the production of silver pieces was extremely profitable for the Royal Mint. A number of newspaper reports published on this fact expressing some level of dissatisfaction with the low physical value of the Shilling pieces compared to their face-value. One article explained that the production of each Shilling makes the Royal Mint approximately a threepence of profit. (The Telegraph, 1913)

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