Watch List notes:

SCOTLAND. Mary. 1542-1567. AR Testoon (31mm, 5.49 g, 7h). Second period, Francis and Mary, Type II countermarked for revaluation of 1578. Edinburgh mint. Dated 1560. Crowned arms of Francis and Mary over cross potent; Greek cross and St. Andrew's cross flanking / Crowned FM monogram; crowned lis and crowned thistle flanking; c/m: crowned thistle. For host coin: SCBI 35 (Ashmolean & Hunterian), 1092 (example with c/m); SCBC 5417; for c/m: SCBC, vol. 2, p. 76. Host coin Near VF; c/m VF, once cleaned.

From the Dr. William E. Triest Collection, purchased from Coincraft.