Watch List notes:

James I (1603-25), Shilling, second coinage, fifth bust, 5.86g, mm. key (over crown rev), bust with longer hair right, rev. square topped shield (N.2101; S.2656), slightly ragged edge but a good portrait, toned, very fine, a rare mark.
:SNC September 2009, MS3934
Estimate: £200.00 - £300.00