Watch List notes:

SCOTLAND. James V. 1513-1542. BI Plack (25mm, 12h). First coinage. Edinburgh mint. Struck 1513-1526. Crowned coat-of-arms within quadrilobe; lis in spandrels / Cross within cross ending terminating in three crescents; alternating crowns and saltires in angles. SCBC 5381. In NGC encapsulation graded VF 30. Toned, flan crack.

From the R.D. Frederick Collection. Ex Eric P. Newman Collection (Heritage 241418, 29 April 2014), lot 17432.