Watch List notes:

Elizabeth I, milled coinage, threefarthings, 1563, mm. star, crowned bust D left, with elaborate dress, E D G ROSA SINE SPINA, rev. CIVITAS LONDON, long cross over shield, wt 0.49gms. (S.2607; N.2038; Borden and Brown 49-O2/R1a, this coin, pl. 7), only three examples known, the only one available to commerce, pierced at 12 o'clock, otherwise very fine and of the highest rarity
*ex D. G. Borden collection
Probably a trial coinage, to test the feasibility of producing small coins using the milled process.
(3000-4000 GBP)