1 Shilling - George V 4th type

The fourth type shilling was introduced in 1927 as part of a broader redesign of British silver coinage, with Bertram Mackennal's obverse paired against a new reverse by George Kruger Gray. That same year saw the entire silver series overhauled — the first substantive redesign since the accession issues of 1911. The .500 fineness had already been fixed by the Coinage Act of 1920, a direct consequence of silver's wartime price spike making full sterling coins worth more as metal than currency.

The series ran until George V's death in January 1936, making the final-year pieces among the shorter-struck runs of the type.