Watch List notes:

(g) Victoria (1837-1901), Sovereign, 1838, first small head left, raised W.W. on truncation, rev. crowned normal shield within wreath, milled edge, 7.92g, 6h (Marsh 22; Spink 3852), cleaned and rubbed to higher points, yet devices clear, a really bold fine / near very fine, and the immensely popular first year of issue.

Estimate: £1000 - £1500