1706 To 1816
Shillings were minted in every monarch's reign. During the early part of the reign of George III, very few shillings (like other silver coins) were struck, although there was a large issue in 1787. A small number of coins dated 1763 were distributed by the Earl of Northumberland in Ireland; this issue is now very rare, but the contemporary rumour that the issue limit was £100 (2000 pieces) is probably untrue. In 1787 the hearts were left out of the Hanoverian shield in error, but the error was so minor that it took some time for it to be noticed and corrected, so both types are of similar value. The mint coined a large stockpile of silver belonging to a consortium of London bankers into shillings of 1798, which were subsequently declared illegal, reclaimed and melted down. There may have been over 10,000 pieces minted, but there are currently only about four known to exist and an example could be worth over £10,000 in any condition.
Read more about this topic: Shilling (British Coin), History