A silver coin (23.5 mm diameter with milled edge) featuring a bare head of George VI facing left; around, GEORGIVS VI D: G: BR: OMN: REX F: D: IND: IMP: ; below bust in small lettering the artist's initials H.P.
The reverse features a ram's head facing three-quarters left; around above, AUSTRALIA, around below between two Federation stars, SHILLING . 1945. The artist's initials, KG is in the field above the star on the right.
Immediately after World War II the silver employed in the manufacture was dropped from sterling, .925 fine, to .500 fine. This was the first issue of the 50% silver coinage. The entire issue of 1945 shillings, which had been struck on the sterling silver standard, was still in store when the decision to debase was made, and all except some proofs of record were melted.
Bare head of King George VI facing left; around, the monarch's legend in Latin GEORGIVS VI D : G : BR : OMN : REX F : D : IND : IMP. (George the Sixth, by the Grace of God, King of all the Britains, Defender of the Faith, Emperor of India); below the neck truncation in small letters are the artist's initials HP (for [Thomas] Humphrey Paget).
According to Greg McDonald's "Australian Coins and Banknotes" Catalogue:
"Three pieces were found during a "stocktake" at the Museum Victoria by the curator, John Sharples, in the late 1970's."
This coin is not listed in Krause catalogues.