Watch List notes:

Great Britain, Tudor. Elizabeth I AV 1 Pound. Tower (London) mint, 1595-1598. ELIZABETH : D'. G'. ANG'. FRA'. ET: HIBER'. REGINA (key), crowned bust to left / (key)SCVTVM ∘ FIDEI PROTEGET ∘ EAM ∘, crowned coat-of-arms; E-R across fields. SCBC 2534 var. (mintmark); Baldwin's, St. James 2, lot 88 for example with HIBER rather than HIB in obv. legend and mm at the end of legend.

NGC graded UNC Details, edge filing (#4769082-008). Extremely Rare, especially with this legend variant.

From a private Swiss collection.