Watch List notes:

SCOTTISH COINS, Mary (1542-1567), First period, Testoon, 1556, type IIIa, mm. crown on rev. only, small high-arched crown above shield, no annulets in field, no stops after dates, 6.18g/3h (SCBI 35, 1005ff; SCBI 58 312ff; B 7ff, fig. 786ff; S 5405). Reverse with crowned thistle countermark for the 1578 revaluation, about very fine, toned £300-400

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Provenance: S.P. Fay 'Dundee' Collection, Bowers & Ruddy/Spink Auction (Los Angeles), 19 February 1976, lot 144