Watch List notes:

STUART. James I. 1603-1625. AR Shilling (31mm, 5.62 g, 1h). First coinage. London mint; im: thistle. Struck 1603-1604. Crowned transitional bust right; XII to left / Coat-of-arms. North –; SCBC 2645A. Near VF, toned, some scattered marks. This very rare transitional bust type was first published in the Spink Numismatic Circular, January 2007.