Watch List notes:

BRITISH COINS, Henry VIII, Gold Angel, first coinage, St Michael killing dragon with lance, beaded circle surrounding, initial mark portcullis (c.1513-1526) both sides, with chains on reverse, saltire stops both sides, hEnRIC9x VIII9x DIx GRA'x REXx AGLx Zx FR' x, rev ship sailing right, quartered shield upon hull, cross above, h to left, rose to right, ropes 2/1, PERx CRVCE'x TVA'x SALVAx nOSx XPEx REDET, 5.13g (cf Schneider 563; N 1760; S 2265). A little weak in fine detail and on face of Angel, otherwise full round and very fine.
ex Spink Numismatic Circular, December 2011, HS4693, featured on the front cover

Estimate: £2000-2500