Watch List notes:

British Coins, Edward III, fourth coinage, treaty period (1361-1369), quarter noble, London, shield within tressure, rev. ornate cross within tressure, lis in centre, wt. 1.85gms. (S.1511; N.1244), certified and graded by PCGS as Mint State 62
The coin is identified by PCGS as S.1510 - without annulet before the King's name - however it would seem to be present, simply obscured by the holders within the 'slab'.
(800-1000)