Watch List notes:

George III (1760-1820), 'Spade' Guinea, 1788, fifth laureate head right, rev. crowned 'Spade' shield, seven strings to harp, edge milled, 8.33g, 12h (Farey 1270; MCE 392; Bull 713; Spink 3729), removed from a solder mount at 12 o'clock, the fields burnished, otherwise very fine.

Estimate: $400 - $600