Watch List notes:

PF66 CAM | George VI (1936-52), cupro-nickel VIP proof Crown, 1951, Festival of Britain issue, bare head left, HP below truncation for engraver Thomas Humphry Paget, denomination FIVE SHILLINGS below, Latin legend and toothed border surrounding, GEORGIVS VI D: G: BR: OMN: REX: F: D:, rev. St. George and the Dragon, initials BP to upper right of exergue for designer Benedetto Pistrucci, date below, edge inscribed (Bull 4025; ESC 393D; S.4111). An exceptionally rare variant with a highly appealing frosted cameo, almost as struck, graded by NGC as VIP Proof PF66 CAMEO.

NGC Certification 6320207-019.

The Latin legend translates as "George the Sixth by the Grace of God, King of the Britons, Defender of the Faith".
Estimate: £10,000-12,000