Token Great Britain 1 Shilling 6 Pence and 3 Shilling 1812 to 1816

In the early 1800s, small silver coinage was in short supply for Great Britain. In an attempt to alleviate demand, the Bank of England began producing its own tokens. This article focuses on tokens with the design seen in our photo - a laureate head of George III on the obverse and the legend within a wreath on the reverse.

These bank tokens are made of sterling silver. The first was worth 1 shilling 6 pence, or 18 pence. The second token was worth 3 shillings. Both are worth considerably more today. Here is a breakdown of values:

1 shilling 6 pence 1812-1816 approximate catalog value:

Worn: $20 (U.S. dollars)
Average circulated: $60
Well preserved: $300
Fully uncirculated: $675

3 shilling approximate catalog value:

1812

Worn: $40 (U.S. dollars)
Average circulated: $110
Well preserved: $300
Fully uncirculated: $650

1813, 1814, and 1815

Worn: $40
Average circulated: $120
Well preserved: $375
Fully uncirculated: $750

1816

Worn: $550
Average circulated: $1125
Well preserved: $2700
Fully uncirculated: $5400

Please keep in mind that these are catalog values, which are often different from actual buy and sell values. For more information on catalog values, check out our Terminology page.
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