Watch List notes:

(g) Victoria (1837-1901), Sovereign, 1838, first young head left, w. w. in relief on truncation, rev. crowned shield in wreath (Marsh 22; S.3852), light contact marks in otherwise flashy reminiscently prooflike surfaces, extremely fine, the reverse much as struck, a choicer example of this rare first date of issue, in PCGS holder, graded MS63.

Estimate: £3000 - £4000