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NYINC Signature Sale 3061  7-8 Jan 2018
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Lot 32503

Estimate: 10 000 USD
Lot unsold
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Scotland
James V gold "2/3 Bonnet Piece" or 2/3 Ducat 1540 XF45 NGC, Edinburgh mint, im: lis, S-5374, Fr-26, Burns-1 (fig. 755), SCBI 35, 906-7. Third coinage. Obv. IACOBVS • D • G • R • SCOTORVM •1•5•4•0, mantled bust right, wearing bonnet; small crescent to left. Rev. + HONOR • REGIS • IVDICIVM • DILIGIT, crowned coat-of-arms; I - 5 (for James V) across field. A fractional denomination of the first dated type for the British Isles, this enchanting and exceptionally pleasing '2/3 Bonnet Piece' features a superb strike and good centering, along with a pleasingly toned flan of good metal. Going back over a decade, only three other examples have gone up for auction: 1) the Locket specimen, exhibiting some nicks in the obverse field and a few scratches in the reverse field; 2) the Dundee specimen, displaying some central striking weakness on each side along with some scattered field marks and minor flan waviness; 3) the LaRiviere/Bareford/B.G. Johnson/Bruun specimen (the nicest of these three and the one which most closely mirrors the quality of the present piece), offering a similar flan and strike, though with some noted doubling near the lower portion of the obverse legend. For comparison purposes, the third example can allude to potential bidding levels, as it most recently realized a hammer of $13,000 in 2011 and was described simply as 'VF.' Undoubtedly, the present specimen is a hauntingly wonderful piece destined for the most advanced and discriminating of collectors of Scottish or hammered in general.
Ex. Douglas Collection (Spink 119, 3/1997), lot 281
From the Penn Collection

HID02901242017

Estimate: 10000-15000 USD
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