Watch List notes:

BRITISH COINS, Scotland, Mary Queen of Scots, Silver Portrait Testoon of Five Shillings, 1561, bust of Queen left in contemporary costume, legend and toothed outer border surrounding, date in tablet below, *MARIA. DEI. GRA. R. SCOTORVM. REGINA., rev arms of Dauphin dimidiated with Scottish arms with Scottish Crown, crowned M each side, legend and toothed outer border surrounding, .SA.LVVM. FAC. POPVLVM. TVVM. DOMINE., 5.74g (SCBI 58:1153; S 5422). Toned with light hairline scratches in obverse field, about very fine / very fine and very rare.
ex Bridgewater House Collection, Sotheby, 15 June 1972, lot 496

Estimate: £5000-7000