Watch List notes:

Elizabeth I (1558-1602), Half-Pound [of 10-Shillings], milled issue, Tower, 5.71g, 6h, m.m. lis, crowned bust left, wearing ornately decorated bodice, rev. crowned square-topped shield dividing cypher (Borden & Brown 6, O1/6.R1; Schneider I, 560 same dies; N.2019/4; S.2543), struck soft to periphery and a hint of creasing, otherwise, very fine, rare.
provenance
Baldwin FPL, Summer 2014, BH056 - £12,500
Estimate: £7,000 - £9,000