Watch List notes:

UNC Details | Elizabeth I (1558-1603), Second 'Restoration' Coinage, Third and Fourth Issue [Fine Gold], Angel [of 10 Shillings], (Pyx Period: 1 November 1573 - 25 May 1574), Tower, (m.m.) ELIZABETH : D '. G '. ANG .' FR .' ET : HI ' REGINA, St. Michael vanquishing Dragon, rev. (m.m.) A : DNO : FACTVM : EST : ISTVD : ET : EST : MIRABI .' Ship sailing left, surmounted by square-topped shield and crucifix mast dividing E and Rose, twisted rigging 2/3, with bowsprit, waves lapping below, 5.02g [77.6grns], 7h, m.m. acorn [over ermine] (HCN 341; Montagu -; Murdoch -; Lockett 4091 this coin; cf. Comber I, 15; Schneider I, 765 the overmark unrepresented; Brown & Comber C12, and Pl. IX this coin; North 1991/2; Spink 2515), a small graffiti mark between rigging in left field, otherwise a pleasingly uniform, residually lustrous and lightly toned coin, a bolder very fine, an extremely rare variety, in NGC 'Horace Hird' holder, graded UNC Details ~ Reverse Graffiti (Cert. #6135299-006).
Provenance
A Lost Parcel from the Celebrated Horace Hird Collection
R C Lockett, Part IV, Glendining, 26-27 April 1960, lot 4091 - extremely fne, very rare - £130.0.0
, ,
Brown and Comber record nine instances of this privy mark for denomination [not accounting for duplication] as listed in the Spink Numismatic Circular and Seaby Bulletin between 1937 and 1983. Challis records the mint output for this Pyx Period at £8,143, the lowest for the Second Restoration Coinage.

Estimate: £3000 - £4000