G BRITISH COINS, MILLED GOLD SOVEREIGNS, Victoria, Gold Sovereign, 1886M, fourth 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 756; McD 140; QM 71 R4; Marsh 67 R3; KM 6; Fr 12; S 3854A). Surface marks and underlying brilliance, otherwise very fine and extremely rare. Calendar year mintage 2,901,500, includes St George reverse design, 631 of this total went for pyx trial This is the second most difficult to acquire Victorian shield reverse for the Melbourne mint as the penultimate issue of this type. Again the calendar year mintage is on the high side, but the survival rate is very low, hence the rarity today. £3000-4000
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