Shanly has a graveyard as well, with graves dating nearly 200 years old. The Shanly Cemetery was erected in 1876, on land purchased from the Wallace family for $100 by a trio of village residents. The cemetery was established as a multi-denominational cemetery. The first burial was that of Prudence Pitt, the infant daughter of a local couple. In 1962, the stone gateposts at the entrance of the cemetery were erected in memory of T. Carl Reilly. As of the 1990s, the cemetery was still in use, and is maintained by the Shanly Cemetery Board.