1560-61 Elizabeth shilling die orientation

[coinme]

1560-61 Elizabeth shilling die orientation

English hammered coin I recently acquired. 
G.B. Shilling. Elizabeth. Bust 3C. 1560-61. 2nd issue. I also believe it to be an error coin as the orientation should be ⬆️⬇️. But is actually ⬇️➡️. Is this a know error/variety? Sorry if this has been asked before but I am very new to hammered coins and trying to learn.

Thanks in advance.

[Rob]

The die axis on a hammered coin can be anything from 0-360 degrees.

[DrP]

Looks to be in a really nice condition - must have been many hundreds of pounds surely. Unless there is something not right about it - I am no expert. What did it cost?  If it was £40- as the slip suggests in the pic then it was either the bargain of the decade or a fake imo. 

 

Don't take my word for it though - others are much more knowledgeable than I about such things - I am just being curious - if it is real then it is a lovely coin. Much better than my E1st shilling by a few hundreds of pounds. :-)   Mines worth about 30 to 40 quid. Looking at my coin, it is better than I though - but the portrait has gone - still, it's a gap filler that I wouldn't be able to afford otherwise. 

Edited June 1, 2018 by DrP

[markflorida]

5 hours ago, DrP said:

Looks to be in a really nice condition - must have been many hundreds of pounds surely. Unless there is something not right about it - I am no expert. What did it cost?  If it was £40- as the slip suggests in the pic then it was either the bargain of the decade or a fake imo. 

 

Don't take my word for it though - others are much more knowledgeable than I about such things - I am just being curious - if it is real then it is a lovely coin. Much better than my E1st shilling by a few hundreds of pounds. :-)   Mines worth about 30 to 40 quid. Looking at my coin, it is better than I though - but the portrait has gone - still, it's a gap filler that I wouldn't be able to afford otherwise. 

It looks good, and £40 a bargain. If you are concerned take it to a coin shop and ask for a second opinion or consider getting it slabbed. CGC are cheap and are Goode enough to tell you if its real or not. From the pictures it looks good.

[coinme]

Thanks for all the responses. the price on the holder is actually $950 Canadian dollars as I live in Canada. I didn't pay nearly that as I bought it in an estate lot with other coins (3 other hammered and one roman). i am sure it is real and was just curious about the die axis but I now see that it can be anywhere! Anyone have an opinion on grade? From looking at other coins that have sold I would guess at least a VF20-VF30. Not quite enough detail for an EF40 I think but I could be wrong. I see them selling about $500-$800 US. 

 

Again, thanks for everyone's input! I do appreciate it.