Watch List notes:

Five Pounds 1937 Proof S.4074 Obv 1: Upright of 'E' in Georgivs points to space, upright of 'I' in VI points to a space, upright of 'R' in BR: points to a space, upright of 'D' in F:D: points to a denticle This Obv. is the commonest with an estimated mintage of 1,700 pieces from the 5,001 struck, UNC with some very light tooling visible under strong magnification

Estimate: 5000-6000 GBP