Watch List notes:

(g) Edward VII (1901-1910), Matte Proof Five-Pounds, 1902, bare head right, rev. St. George and Dragon, edge milled, 39.91g, 12h (Spink 3965), cleaned with surface friction, the reverse 'capped' to give the appearance of a thicker planchet, struck details about extremely fine.

Estimate: £1,600.00 - £2,000.00