Watch List notes:

USA, nickel alloy pattern $5, 1851, San Francisco Standard Mint, plain edge, very rare, NGC XF 40. Kagin-1. Obverse: coronet Liberty head facing left, WJT on truncation, thirteen stars encircling, date 1851 below; Reverse: olive wreath around, 5 / DOLLARS / SAN FRANCISCO / STANDARD MINT / 22 CARRAT / FINE inside; medal alignment. Very rare California pattern piece noted by Kagin as Rarity 7 with around six or so examples known. Minor wear noted on the high points and a bit crudely struck using rusted dies (as are most examples) as seen on Liberty's neck and the field around the bust, some definition retained in the locks of hair plus a full LIBERTY visible, pale golden toning with some grayish hues in the fields. NGC #6287944-001.
($3000-4500)