Watch List notes:

Elizabeth I (1558-1603), Angel, First Issue, 'Fine Gold', Tower, struck 1 January 1559 - 31 July 1560, Tower, (m.m.) ELIZABETH . D .' G .' ANG .' FRAN .' Z .' HIB .' REGI '., St. Michael vanquishing Dragon, rev. A·DNO .' FACTVM · EST : ISTVD · Z · EST · MIRABI .', ship surmounted by square-topped shield and mast dividing E and rose, 5.04g, 9h, m.m. pomegranate (Brown & Comber [1989] C2; Raynes 123, same dies; Schneider I, 731/-, same obverse die; N.1979; Spink 2513), some striking softness on Dragon, otherwise lightly toned, very fine, very rare.
Provenance
From the Quinn Collection
Purchased Spink, 5 June 1991 - £450
, ,
NGC AU53 (Certification #5879376-009)
, https://www.ngccoin.com/certlookup/5879376-009/53/
Estimate: £2,000 - £3,000