BRITISH COINS, MILLED GOLD SOVEREIGNS, Victoria, Gold Sovereign, 1874M, third young head left, w.w. in relief on truncation, date below, rev crowned quartered shield of arms within laurel wreath, mint letter M below, emblems below (Bentley 747; McD 122; QM 51; Marsh 59 R; KM 6; Fr 12; S 3854). Light surface marks, toned, about extremely fine.
Calendar year mintage 1,373,000, includes St George reverse design, 298 of this total went for pyx trial.
There were no shield Sovereigns issued from Melbourne from 1875-1879 inclusive.
Estimate: £350-450