This shilling, in Almost Very Fine condition, was struck in fine silver using the hammered coinage method at The Royal Mint’s home at the Tower of London. This silver shilling features a scarce overstrike on the reverse, with a key mint mark struck over a woolpack mint mark. Henry VIII had debased the silver coinage during his reign and the public had lost confidence in using this by the time his daughter Elizabeth I came to the throne. Elizabeth I withdrew the debased silver coinage from circulation between 1560 and 1561 and replaced it with newly minted Elizabethan coins that contained a higher percentage of the precious metal.