The 1918-M Pattern Shilling is an exceptionally rare 50% silver type issued by the Melbourne Mint. The total number of pieces created is unknown however two pieces are currently know to exist. The obverse features an effigy of George V just as one would find on the standard 1918 Shilling. The reverse is also mostly typical however it has been slightly modified to include two large dots on either side of the arrows that point toward the dates (see image below).
The high prices of silver at the conclusion of the First World War led Australia to consider altering the metal compositions of its silver pieces. The British had already abandoned their sterling standard and had adopted an alloy of 50% silver and 50% copper.(John Sharples, 1985) This pattern appears to be one of the early experiments with a similar alloy for Australia. Despite the initial intention the change was not implemented.
MintageMintageMintageValues are in AUD and are retail price estimations based on past sales of coins certified by PCGS or NGC and as such values only related to such graded coins. Uncertified coins or coins graded by other services would likely be worth significantly less. For wholesale pricing please refer to the Red Sheet. While all attempts to ensure accurate pricing, data entry errors can occur and as such no warranty is expressed or implied as to the accuracy of any information published on this website. It is important to verify all published sales to ensure the accuracy of the pricing when making any purchase decision. Any personal information provided to us is protected by the Privacy Act 1988.