PL coins werent made until 1949 or 1950 (depending on who you talk to) so PL's werent an option in 1937. Its a business struck coin but without better photos its impossible to grade with any type of accuracy.
The photos arent the greatest for an accurate grade but I'm at AU-50 to AU-55 due to the flatness in the eyebrow and the wear on King George's jawline and neck.
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