Watch List notes:

SINCONA BRITISH COLLECTION – PART 4. GREAT BRITAIN. VICTORIA, 1837-1901. For Australia.
Proof Sovereign 1885 M, Melbourne. Third young head, shield reverse. 7.98 g. Hill 66A (R7). Spink 3854A. Fr. 16. Von grösster Seltenheit / Of the highest rarity. Prachtvolle Erhaltung / Magnificent condition. NGC PF64+.
(~€ 10'000/USD 10'755)

Finest certified by NGC.