George III, Shilling 1787 Extremely Fine

George III (1760-1820) Shilling, 1787 with semée of hearts. Extremely Fine
Availability: In stock
SKU: CGD5325
£150.00

Most will know about the illness of King George III, but most don’t know that because of that illness the King would not allow a law to make smaller coins to be passed. This of course caused a lot of problems with day to day commerce; there just were not enough small coins around to make change. There are only two silver coins struck before the Currency Reform Act of 1816, that are readily available to collectors: the George III Sixpence and the Shilling of 1787.

There is a simple but almost unbelievable reason for this. These coins were struck at the Royal Mint from silver delivered from the Bank of England. The Bank decided that they would need some new shinny coins to give out to their clients at Christmas. So only the Bank of England had these silver coins, and they only handed them out during the Christmas period, and only to their wealthy clients. So now you have the whole history!

You have King George III dressed in what looks like Roman armour, and on the reverse the arms of Hanover and France as well as England, Scotland, and Ireland. Back in 1787, you had to be somehow important to have one of these Shillings, important enough to do business directly with the Bank of England, and someone they wanted to treat. We have selected some very high-quality examples of this beautiful and very important historical coin for your collection.