Watch List notes:

SCOTLAND. Mary. 1542-1567. AR Testoon (26mm, 6.17 g, 2h). First period, Group IIIa. Edinburgh mint. Dated 1556. + MARIA DE G S[COT]OR REGINA 1556, crowned coat-of-arms; M R across field; annulets below / (crown) IN · VIRTVT[E · T]VA · LIBERA · ME · 1556, Jerusalem cross. Cf. Burns 10 and fig. 788 (for type); cf. SCBI 35 (Ashmolean & Hunterian) 1006/1007 (obv./rev.); SCBC 5404. Good VF, toned, slight weakness of strike on obverse.