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 . 1946. 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 two proofs of record were melted.
The Perth Mint sought a contract to strike silver coins after the War as a way to employ the silver being recovered from gold. The mint mark employed to identify their product was an additional dot placed between the left Federation star and the word Shilling.