Watch List notes:

Sydney, Australia, sovereign, Victoria (young bust), 1865, rare, from the Schiehallion (1879). KM-4. 7.99 grams. UNC with muted luster, slightly grainy surfaces and traces of toning, minor marks on neck and in field behind, desirable early type (and rare early date) with SYDNEY MINT / AUSTRALIA on reverse. From the Schiehallion, sunk in 1879 off the Isle of Wight, England. ($1000-1500)