Watch List notes:

Elizabeth I, milled coinage (1561-1570), half pound, mm. lis, crowned bust l., rev. crowned shield of arms, wt. 5.42gms. (S.2543; N.2019/4), faint creases, otherwise about extremely fine for issue, with attractive gold colour, rare Two distinctive qualities of this tentative issue, struck in 'crown gold', are the wide denticles or 'teeth' ornamenting the rims and the fancy or curled Z in the queen's name. The even strike on each side is attributable to the 'milling' process by which the type has come to be known; despite its superiority, it was ridiculed by mint workers used to the traditional method of manufacture, not at all eager to see change, and thus the 'milled coinage' was soon discontinued.

Estimate: £10,000-15,000