Watch List notes:

Victoria, sovereign, 1872/1M, young head l., rev. crowned shield of arms within wreath, M below (S.3854; M.59A; McD.120c), choice uncirculated, very rare, one of the finest known
*ex Quartermaster Collection, Monetarium (Australia) Pty. Ltd., 4 June 2009, lot 49

Estimate: £2000-2500