In 1937 the shilling series was met with Kruger Gray's design which features a ram at the centre of the reverse, 'AUSTRALIA' up the top and 'SHILLING' followed by the year of issue at the bottom. After the coronation of King George VI in 1937, the obverse features the uncrowned bust of King George VI facing to the left and the legend, 'GEORGIVS VI D : G : BR : OMN : REX F : D : IND : IMP' ('George VI, by the grace of god, Ruler and King of Britain, Defender of the Faith, Emperor of India') and was used up until 1948 then changed because of the independence of India.

Date set collectors will have no problems completing the series with the key dates, the 1940 and 1946-P being readily available in lower grades though both dates are difficult to acquire in mint state, the 1946-P especially so if sought in higher mint state grades due to poor quality Perth mint strikes. In mint state grades, type set collectors would find best value in the 1938, 1941 1943-S and 1944-S shillings.

Shillings in this series were struck at the Melbourne, San Francisco and Perth mints with the latter two mints identifiable by an 'S' mintmark beneath the ram for the San Francisco issue or a dot before the 'S' in 'SHILLING' for the Perth issue in 1946.