Watch List notes:

Melbourne, Australia (under Great Britain), gold sovereign, Victoria (young bust), 1877-M, horse reverse. Sp-3857; KM-7. 7.98 grams. Slightly grainy UNC with very light marks only, scarce provenance. With certificate from the salvager. Schiehallion, sunk in 1879 off the Isle of Wight, south of England

Estimate: $600-900