Watch List notes:

BRITISH COINS, MILLED GOLD SOVEREIGNS, Elizabeth II, Gold Proof Sovereign, 2005, frosted design elements, with bullion type Gold Sovereign, 2005, fourth crowned portrait right, engraved by Ian Rank Broadley, IRB raised below head, finely toothed border within twin linear concentric circles and raised rim both sides, rev modern interpretation of armoured St George slaying dragon with sword at close quarters, date below, TN monogram to right of dragon wing, designed by Timoth Noad, toothed border (Bentley -; S 4432). Both practically as struck, without box or certificate. (2)

Numbers issued Proof=12,500; Bullion=45,542
Another departure from the normal design of the Sovereign has Timothy Noad's modern depiction of St George, our patron Saint, creating another one year only type.

Estimate: £350-400