Watch List notes:

Australia Penny 1920 KM#23 UNC or very near so with traces of lustre on either side, the obverse shows minor contact marks. The obverse struck to an excellent standard with all eight pearls and all the central diamond bold and clear, a superior example of this rare date and type. We note an example only described as Fine was sold by us in our Auction A156 (Lot 1057) for as much as £48 hammer price, a truly rare item and seldom offered

Estimate: 200-400 GBP