Watch List notes:

BRITISH COINS, Victoria, Bronze Penny, 1860, toothed border both sides, LCW on reverse below foot, "bun" head left, with incuse upper outline to two leaves in wreath, rev Britannia (Fr 13 dies 3+E; S 3954). With considerable lustre, some ghosting evident, otherwise practically as struck and very rare.

Estimate: £1000-1500