George VI, Half Silver, 1/4 Rupee, 1940, Calcutta Mint, Head Type II, Rev I, No dot, Milled edge. GK1328. PCGS Slabbed MS 61. Very Scarce

George VI Silver ¼ Rupee 1940, Calcutta Mint (Head Type II, Rev I, no dot, milled edge) (GK 1328) is a British India fractional coin struck in silver during the early George VI period, forming part of the widely used pre-decimal rupee system in circulation across the Indian subcontinent. The obverse features the updated “Head Type II” portrait of King George VI with imperial inscriptions, while the reverse (Rev I) shows the denomination “Quarter Rupee” along with the date and mint attribution, with this Calcutta Mint issue distinguished by the absence of a dot variety and the standard milled edge intended for durability and anti-clipping protection. This 1940 issue belongs to the wartime-era coinage series that continued to support everyday monetary transactions in British India under increasing economic and logistical pressures. The example graded PCGS MS61 is an uncirculated coin with original mint luster, minor bag marks, and full design detail, placing it at the entry level of Mint State preservation. Its designation as “Very Scarce” reflects its relatively limited availability in certified Mint State condition, especially for specific Calcutta Mint varieties within the George VI fractional silver series.