BRITISH COINS, Scotland, James V (1513-1542), Gold Ducat or "Bonnet" Piece of Forty-Shillings, 1540, king facing right in Renaissance style with bonnet, beaded circle surrounding with annulet to left side, date in legend and outer circle surrounding, XJACOBVS. 5. DEI. GRA. R. SCOTOR. 1540, rev crowned Scottish arms on ornate cross fleury, inner and outer beaded circles and legend surrounding, +HONOR. REGIS. IVDICIVM. DILIGIT, 5.65g (SCBI 58:32-35; S 5373). Light tone, good very fine and very rare.
ex Dresser Collection, lot 1866
ex Marion A Sinton Collection, Triton III auction, CNG, 1 December 1999, lot 1628
ex Spink Numismatic Circular, vol CVIII, no.3, June 2000, item 2344 (illustrated on the front cover)
The Scottish Gold Ducats of 1539 and 1540 are the first dated coins issued within the British Isles struck from gold supplied by Scottish mines.
Estimate: £12,000-15,000