Watch List notes:

BRITISH COINS, Elizabeth I (1558-1603), Gold Quarter-Angel, fourth issue, initial mark ermine (1572-1573) both sides, St Michael slaying dragon, rev ship sailing right, quartered shield on hull, E and rose above, 1.27g (Schneider -; N 1993; S 2518). Has been pierced and plugged on angel's wing and corresponding part at hull of ship, otherwise good very fine and a very rare mark, not represented in the Schneider Collection.
ex R C Lockett Collection, English (part II), Glendining's, October 1956, lot 1976, sold for £5/10/-

ex Marian A Sinton Collection, CNG auction 60, 22 May 2002, lot 2379

Estimate: £700-900