1787 Great Britain 1 Shilling NGC XF45 / Hearts and Stops / KM#607.2, Sp#3746

  

1787 Great Britain 1 Shilling. Australian Proclamation Coins In 1800, the Governor of the Colony of New South Wales issued a proclamation fixing the values of certain circulating coinage.

This was known as the'Proclamation' and it was done in an effort to retain coinage in the fledgling colony and stop it being removed by traders. This of course led to constant shortages in circulating coinage. To try to combat this Governor King proclaimed that certain circulating coinage would have a value above the actual intrinsic or circulating value of the coin itself. So for example, the 1787 Great Britain Shilling was proclaimed to have a value of 1 shilling and 1 pence. So for example, the Netherlands Gold Ducat was proclaimed to be worth 9 shillings and sixpence. 925 Weight: 6.02 g Diameter: 25 mm Shape: Round Technique: Milled Orientation: Medal alignment?? Demonetized: Yes Number N#: 13154 References: KM#? Thank you for looking at my items.