James V (1513-1542), First coinage, Plack (1532-3), mm. cross on obv. only, crown in tressure above and each side of shield, annulet in upper spandrels, ornamental As, X of REX punched over O, rev. from a James IV die, saltire in centre of lozenge cross, crowns in angles, Roman lettering and colon stops both sides,1.45g/2h (SCBI 35, –, B –; S 5382). Fine, extremely rare £150-200

Provenance: Glendining Auction, 8-9 April 1981, lot 564 (part)