Watch List notes:

George III (1760-1820), 'Spade' Guinea, 1787, fifth laureate head right, rev. crowned 'spade' shield, edge chevron milled, 8.14g [125.8grns], 11h (MCE 391; Farey 1260; EGC 711; Spink 3729), edges smoothed where removed from a mount, and plugged behind head and immensely skillfully repaired, rubbed and gilt, struck details scarcely fair.

Estimate: £350 - £400