Watch List notes:

George V, proof sovereign, 1911, bare head l., rev. St. George and the dragon (S.3996), in plastic holder, graded by NGC as Proof 67 Cameo Now more than a century old, the gold proofs of 1911 have long languished in collectors' appreciation behind the also beautifully rendered proof gold coins of the late Victorian era. And yet, close inspection under magnification reveals that the Royal Mint reached the peak of perfection when it created the gold proofs for George V's coronation set: the engraving is crisp, the motifs are set off by high sharp rims, and the surfaces are a perfect combination of deep reflectivity and orange-peel texture. Purposely, the mint fashioned images of both the king's bust and the classic St. George motif in brilliant format, without the cameo effect seen so often on the proofs of 1893 and 1887. It was a presentation for the 20th century, bold and fully brilliant. The presently offered coin is a splendid example, one of only two graded PF67 Cameo by NGC and fully superb, virtually as-struck when it left the dies 104 years ago.

Estimate: £1000-1250