Watch List notes:

Elizabeth I, sixth issue, pound of 20 shillings, mm. woolpack (1594-1595/6), crowned bust l. wearing elaborate dress, rev. crowned shield of arms, ER at sides, annulet stops, wt. 11.08gms. (S.2534; N.2008; Schneider 799), light creases, otherwise very fine with pleasing old-gold colour With an old Spink ticket. While top quality is an obsession of the current market, traditionally what counted most for collectors of hammered gold coins was a pleasant portrait presented on a complete flan with clarity to the legends, and those are the exact characteristics of this specimen, which was minted from 'crown gold' of 22 ct. fineness. The softness of the precious metal allowed for easy bending, or some waviness of the flan as seen here. As noted elsewhere in this sale, the gold used late in the reign often came from seized Spanish ore mined in the Americas.

Estimate: £5000-6000