Watch List notes:

(g) Australia, Victoria, Sovereign, 1896 M, old head left, rev. St George and dragon (Marsh 156; S.3875), the obverse with remarkable proof-like brilliance, the reverse lustrous, extremely fine or better.
A business strike with an evidently polished obverse die. Further flawing occurs to the left of the farthermost jewel and above the g of regina
Estimate: £260.00 - £300.00