Watch List notes:

Melbourne, Australia (under Great Britain), sovereign, Victoria (young bust), 1876-M, horse reverse, from the Schiehallion (1879). Sp-3857; KM-7. 8.00 grams. AU/UNC with significant patches of red-orange toning, very slightly grainy surfaces. From the Schiehallion, sunk in 1879 off the Isle of Wight, England. ($500-750)