Sovereign 1887 Jubilee Head Small spread J.E.B. lower on the truncation, First legend S.3867, DISH M3, GEF/UNC and with considerable mint lustre. A statistical study in the excellent David Iverson book 'The Jubilee Head Gold Sovereign 1887-1893' calculates that only 4.5% of the total mintage for this year are of this type (calculated to be around 42,727 pieces) a very rare piece and in this high grade sure to be a much sought after rarity