Watch List notes:

(g) Victoria (1837-1901), 'Shieldback' Sovereign, 1845 'Small Close Date', the 1 with long upper serif, first small young head, W.W. in relief on truncation, rev. crowned normal shield in wreath, edge milled, 8.02g, 7h (Marsh 28; Bentley 48; MCE 506; Spink 3852), a nasty scratch before mouth and small rim nibbles, otherwise bright but lustrous, a pleasingly bold very fine, the same obverse die as next.

Estimate: £400 - £450