| Coin | Shilling 1954 |
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A silver coin (23.5 mm diameter with milled edge) featuring a laureate head of Elizabeth II facing right with the legend, + ELIZABETH . II . DEI . GRATIA . REGINA.
The reverse features a ram's head facing three-quarters left; around above, AUSTRALIA, around below between two Federation stars, SHILLING . 1954. The artist's initials, KG is in the field above the star on the right. |
| Mint | Melbourne Mint |
Mintage | 16,188,000 (16.2 million) |
Obverse
 |
Laureate bust of Queen Elizabeth II facing right (the effigy by Mary Gillick known as the "First portrait"); the designer's initials, M.G., appear incuse on the base of the neck truncation. The monarch's legend ELIZABETH · II · DEI · GRATIA · REGINA + (Elizabeth the Second, by the grace of God, Queen) runs continuously all around the bust. |
| Obverse Inscription |
ELIZABETH · II · DEI · GRATIA · REGINA + |
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Reverse
 |
A merino ram's head facing three-quarters left; around above, AUSTRALIA; around below between two Federation stars, the denomination and date SHILLING · 1954. The artist's initials K·G (for [George] Kruger Gray) are in the field above the star on the right. |
| Reverse Inscription |
AUSTRALIA SHILLING 1954 |
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| Edge | Milled | Edge Inscription | None |
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| Notes | Krause catalogues list mintage of 16,187,999. |
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