
George III, Shilling, 1787. 6.00g, 25.60mm, Sterling silver. No semee of hearts. Spink# 3743. Practically as struck.
The very large issue of 1787 may have been hoarded, possibly because the denomination had become so unusual that there was a reluctance to spend the coins, rather in the same way that crowns and 2 Pound coins are hoarded today or used as gifts. The issue of 1787 is certainly as likely to be encountered in VF or EF condition as in Fine. However, a curious comment is made by Stephen Martin Leake, writing in 1793, lamenting that 'we are at a loss to account for the reason of no coinage of shillings being issued, after so many dies had been engraved'. He further says that the coinage, 'made for the use of The Bank of England' is 'not in common currency'.
Collecting Hints
All of the George III Shillings should be collected in EF condition, however the 1798 Dorrien Magens issue is very rare, if you are lucky enough to get one, please get it in any condition. I'm not that lucky yet.
The 1787 shilling should always be checked for the stop omissions, both obverse and reverse. The very rare obverse without any stops at all is occasionally cataloqued as the 'no stop over head' type because a dealer is unused to seeing the coin and does not trouble to check properly.
Reference
Richard Lobel et al, 1995, Coincarft's Standard Cataloque of English & UK Coins 1066 to Date, Krause Publication.

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