Catalog
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| Issuer | Commonwealth of Australia |
|---|---|
| Year | 1946-1948 |
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| Value | 1 Shilling (1/20) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The central device features a merino ram's head in bold high relief, facing left, with large curling horns rendered in considerable detail, a design attributed to George Kruger Gray symbolising Australia's wool industry. Flanking the ram's head at the mid-field are two six-pointed stars. The legend AUSTRALIA arcs across the upper portion of the coin, while SHILLING and the date 1946 appear along the lower arc, separated by a raised dot. A beaded inner border encloses the entire composition. |
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| Reverse lettering | AUSTRALIA KG *SHILLING·1946* |
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| Additional information |
Australia's wartime silver coinage tells a story of resource pressure. The fineness drop from .925 to .500 — implemented in 1946 — was a direct consequence of silver shortages and broader post-war fiscal strain, halving the intrinsic metal content while maintaining the denomination's face value. The Reserve Bank of Australia quietly absorbed the cost differential.
The 1948 issue is the scarcest date in this short run, with mintage figures notably lower than the preceding years.