Watch List notes:

George IV (1820?30), Two Pounds, 1823, large bare head left, J.B.M. below truncation to signify engraver Jean Baptiste Merlen, legend surrounding GEORGIUS IIII DG BRITANNIAR REX FD. Rev, Saint George on horseback holding reins and sword slaying dragon, date in exergue, initials B.P. to right of exergue for engraver Benedetto Pistrucci, edge inscription reads DECUS ET TUTAMEN ANNO REGNI IV. (S.3798; Schneider 635; MCE 470). Toned, previously mounted with an edge marking in the first few letters of Tutamen, sweated surfaces. A good fine in the strike despite its status as ex jewellery.