Watch List notes:

Victoria (1837-1901), 'Shieldback' Sovereign, 1838, first young head left, raised W.W. on truncation, rev. crowned normal shield within wreath, milled edge, 7.95g, 7h (Marsh 22; Spink 3852), lightly wiped otherwise residually lustrous, almost very fine / a bolder very fine, rare, the extremely popular first year of issue.

Estimate: $1500 - $2000