Watch List notes:

(g) Victoria (1837-1901), Sovereign, 1838, first small young head, W.W. in relief on truncation, rev. crowned normal shield in wreath, edge milled, 7.98g, 7h (Marsh 22 [R1]; Bentley 36; MCE 499; Spink 3852), a small scuff at reverse 3 o'clock, bright but lustrous, a pleasing very fine / good very fine, the extremely popular first date of issue.

Estimate: £800 - £1200