Watch List notes:

SCOTLAND. William I 'the Lion'. 1165-1214. AR Penny (19mm, 1.34 g, 9h). Second (Crescent & Pellet) coinage, class I. Perth mint; Folpolt, moneyer. Struck circa 1174-1180. [+] LЄ RЄ[I WILAm...], crowned bust left; cruciform scepter to left; two crescents to right / [+ F]OLPOL[T DЄ PЄRT], ross pattée; in each quarter, pellet-in-crescent above pellet. Burns 2 (fig. 30); SCBI 35 –; SCBC 5024. Near VF, toned. Strong portrait.

From the collection of David Sellar MVO, former Lord Lyon King of Arms.