In 1936 George VI was crowned King of the United Kingdom following the death of King George V and the abdication of King Edward VII. After a two year hiatus, the first George VI Florin was issued. It was designed by designed by Thomas H. Paget and depicts the crown-less King facing left.
The 1938 Florin had a mintage of 2,990,000 which was somewhat low for the George VI series. As the first year of the George VI type it seems likely that the coin was heavily hoarded which would explain why, despite the low mintage, the coin is not particularly scarce. PCGS has graded over one hundred mint-state examples of which five are MS65. Mint-state examples of this type are very affordable and easy to source.