Watch List notes:

George IV (1820-1830), Proof Halfcrown, 1825, reeded edge, bare headed portrait left, date below, emblems either side, legend commences GEORGIUS IV DEI GRATIA. Rev, crowned garnished quartered shield of arms, with an escutcheon of the Arms of Hanover, banner motto below, reads BRITANNIARUM REX FID DEF, edge milled (S.3809; Bull.2372; ESC.643). As Struck attractively toned. Encapsulated and graded by PGCS as Proof 63. Scarce.
Ex. Pittman Collection.