Watch List notes:

(g) George V (1910-36), Sovereign, 1922-S, Sydney (Marsh 282 [R3]; Bentley 738; S.4003), light rim filing at obverse 10 to 11 o'clock, otherwise lustrous, extremely fine, very rare.
Provenance
St James' 21, 19 April 2012, lot 526
Estimate: £4,000 - £5,000