Watch List notes:

(g) PF69 ULTRA CAMEO | Elizabeth II (1952-), Proof Five-Pounds, 2016, 'Celebratory Effigy', fifth portrait, by James Butler and Benedetto Pistrucci, 12h, edge milled (S.SE14), brilliant uncirculated, an imaginative rendering and very rare, only 575 struck, this being one of the first 75!, in NGC 'First Strikes' Holder, graded PF69 ULTRA CAMEO (Cert #4299432-023).

Estimate: £1,600 - £2,000