Watch List notes:

Scotland, William III (1694-1702), 40-Shillings, 1695 SEPTIMO, laureate and draped bust left, 40 below, rev. crowned shield, no lozenge in Dutch shield, edge lettered upwards, 18.45g, 12h (Spink 5679; SCBI 35 -), faint adjustment marks to shield, otherwise lustrous with a light purplish-grey tone, extremely fine, very rare in this condition