Watch List notes:

STUART. James I. 1603-1625. AR Shilling (31.5mm, 5.72 g, 1h). First Coinage. Tower (London) mint; im: thistle. Struck 1603-1604. First bust right; XII (mark of value) to left / Coat-of-arms. North 2072; SCBC 2645. Good Fine, deep iridescent toning, scratches under tone.

From the WCN Collection. Ex G. Hirsch 162 (8 May 1989), lot 3156.