Watch List notes:

BRITISH COINS, Elizabeth I (1558-1603), Gold Angel, fifth issue, St Michael slaying dragon, inner and outer beaded circle, initial mark Latin cross both sides (1580-1581), struck over Greek cross on obverse, legend surrounding with beaded inner and outer circles, ELIZABETH:D'.G'.ANG'.FR'ET:HI'.REGINA, rev ship sailing right, three left ropes, two right, long upright bowsprit crosses both ropes, touches inner beaded circle, outer beaded circle, A:DNO: FACTVM: EST:ISTVD: ET:EST: MIRABI'., 5.12g (Schneider 768; N 1991/1; S 2525). Fully round, good very fine, toned and rare.
ex Phil Wallick, Simpsonville, Maryland, USA, c.1998

Estimate: £3500-4000