Watch List notes:

BRITISH COINS, James I (1603-1625), Gold Angel of Eleven Shillings, second coinage (1604-1619), St Michael slaying dragon, initial mark book (1616-1617) both sides, struck over tun on obverse, pellet and comma stops in legend, .IACOBVS. D'. G'. MAG'. BRI'. FRA'. ET. HI'. REX., rev flat deck ship sailing without bowsprit, large quartered shield upon hull, mast above, I to left, rose to right, ropes two each side, pellet stops in legend, .A. DNO: FACTVM. EST. ISTVD., 4.59g (cf Schneider II-18; N 2081; S 2615). V-shape scratch on obverse, pleasing red tone, bold very fine, a rare example of an unpierced Angel.

Estimate: £4000-5000