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CSNS Signature Sale 3073  25-26 & 29 Apr 2019
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Lot 31825

Estimate: 3000 USD
Price realized: 3800 USD
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Scotland
Mary, Queen of Scots (1542-1567) gold 1/2 Ryal (30 Shillings) 1555 VG (cleaned, ex-jewelry), S-5398, Burns-pg. 291, 8 (Fig. 822.2). 22mm. 3.79gm (58.49gr). A veritable giant of the sixteenth-century Scottish series, one of only three dates recorded for the type along with 1557 and 1558, and the sole example of Mary's coinage to bear her portrait. A devout Catholic by birth on the edge Henry VIII's reformation of the Anglican Church, Mary was ultimately executed on charges of treason by her Protestant cousin Queen Elizabeth I. While issues of Mary are extremely rare in general, her gold coinage stands in a league all its own. Since the noteworthy sale of the Dundee Collection by Bowers & Spink in 1976, it has been supposed that only 3-4 examples of the 1555 1/2 Ryal survive in private hands, a number reiterated by J.K.R. Murray in his 1979 article on the coinage. Though the piece at hand does show its fair share of cleaning and wear, it still preserves a strong silhouette of the Scottish queen's portrait, together with clear legends that appear fully legible and entirely on the flan; the noted jewelry damage fortunately not involving any evidence of piercing.

Despite known forgeries of the type on the market, we note that the present specimen appears to be of good gold and full weight, the mounting further attesting to its authenticity, whereas the ex. Dundee piece (lot 125 of the aforementioned sale), which was significantly underweight at 46.3 grains, originally achieved in access of $10000 and has continued to circulate around the marketplace as genuine. An all-in-all must for any serious Scottish collector, sure to have long been absent from many a collection.

Ex. Morton & Eden Auction #91, 7 December 2017, Lot 547; Christie's, 8 October 1974, lot 51; Glendining, 7 July 1948, lot 35 (comes with old auction listing and envelope); Virgil Brand and Thomas Bearman Collections

HID02901242017

Estimate: 3000-5000 USD
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