Watch List notes:

BRITISH COINS, James I, Gold Quarter-Laurel of Five Shillings, third coinage (1619-1625), laureate and draped bust left, two loose tie ends to laurel wreath, value in field behind, initial mark lis (1623-1624), IACOBVS D: G: MAG: BRI. FRA. ET HI: REX, rev crowned quartered shield of arms, upon long cross fourchée, no inner circle, no reverse punctuation, HENRIC 9 ROSAS REGNA IACOB9, initial mark after third word, 2.28g (cf Schneider II-97-98; N 2118; cf S 2642B). Well centred and fully round, a little weakly struck at centre, otherwise very fine, reverse bolder, the lack of reverse inner circle unusual.

Estimate: £500-700