Watch List notes:

SCOTLAND. Alexander III. 1249-1286. AR Penny (20mm, 1.39 g, 10h). Second coinage, Class Mb2. Struck circa 1280-1286. + ΛLЄXΛ(ND)ЄR DЄI GRΛ, crowned head left (hair punch h); scepter to left / + RЄX SCO TOR VM, long cross pattée, with 24 points on mullets in quarters. Burns 50 (fig. 198); Burns & Stewart 13-4; SCBI 35 (Ashmolean & Hunterian), 233-4; SCBC 5055. VF, toned, light ghosting on obverse.

From the Delbert Carl Highlands Collection.