James V (1513-1542), Second coinage, Groat, type Ia, bust right with mantle and double-arched crown with plain band, rev. shield over cross fourchée, reads EDINBRVGH, double annulet stops, 2.68g/11h (SCBI 35, 910-11; SCBI 58, 43-5; B 24, fig 724; S 5376). Hairline scratch behind head, otherwise very fine, very rare
£600-800

Provenance: S.P. Fay ‘Dundee’ Collection, Bowers & Ruddy/Spink Auction (Los Angeles), 19 February 1976, lot 105; Dr C. Dunbar Collection, Spink Auction 64, 23 June 1988, lot 105