I would have said a British VF, with great hairlines and little wear, but the shine on the portrait and lion worries me: it looks as if it has been cleaned, and the 'dirt' around the lettering perhaps may represent the original toning. But my main concern is the edge milling: it looks very faint, as if it has been planed off so as to fit the coin in a bezel or jewellery mount.
Quote: is it possible the the milling around the edge is just from age and use?
Very unlikely. The milling is usually still pretty clear on coins in VG to F condition and should still be nice and sharp on one with as little circulation as this.
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