Watch List notes:

Noble, Henry IV Heavy Coinage (1399-1412) London Mint mint mark Cross Pattee, old arms with four lis in French quarters, crescent on rudder, nails on ships side point to the left S.1705 North 1336 (a), as Schneider 189 with minor stop variations, Good EF about as struck, the portrait especially bold and clear and struck on a full round flan with all legends and details sharp and crisp, weight 7.71 grammes. A rarer type and in superior grade to the S.1706 cf.Schneider 194 specimen sold at St. James Auction 30/9/2010 which realised £56,000 hammer price. This coin is from the MPO Utrecht auction May 2003 where a large European hoard was sold which included over 130 English Nobles (mostly Edward III and Richard II) and many hundreds of continental gold pieces. The most recent English issues were 3 Henry IV Heavy Nobles this lot being one so the hoard must have been lost soon after these were struck thus the exceptionally high grade. A choice example of the extremely rare first type of Henry IV Heavy Coinage seldom offered for sale in any grade, this coin is certainly amongst the finest known or perhaps the best extant of this type. EX MPO Utrecht 30 May 2003, Ex Stephen Lockett Coins who the current vendor bought it off in September 2003 for £16,500, so not been on the market for 11 years

Estimate: 40000-60000 GBP