Watch List notes:

Melbourne, Australia (under Great Britain), gold sovereign, Victoria (young head), 1872-M, horse reverse. Sp-3857; KM-7. 7.99 grams. AU details with rich gold color, faint hairline X scratch on bust, scarce date with lower mintage than other years. With generic certificate from the salvor. From: Schiehallion, sunk in 1879 off the Isle of Wight, England
($750-1100)