Watch List notes:

Maundy Fourpence 1765 ESC 1909 Excessively Rare, Near Fine/Fine, rated R5 by ESC, the first example we have offered, we note Spink lists this in Fine at £200, by comparison, auction archive results show the 1765 Threepence, of similar R5 rarity, in Good Fine/Fine (listed by Spink at £250 Fine) achieved £1400 hammer price in our December 2015 sale

Estimate: 175-475 GBP