Watch List notes:

SCOTLAND. Ryal, 1566. Revaluation of 1578. Crowned Thistle Countermark. James VI. NGC VF-30. Countermark: AU Strong.
S-5425; Burns-6 (Mary and Lord Darnley). Weight: 30.23 gms. Pleasing dark tone with blended gold and steel blue iridescence throughout. The host coin is well centered with strong detail and attractive glossy surfaces. The crowned thistle countermark is evenly punched and very sharp, showing only minimal traces of wear on the high points.

This dramatic countermarked issue was a response to the skyrocketing price of silver, which required the earlier ryals of Mary and James to be recalled and reissued at 36 shillings 9 pence. The present host coin was issued under Mary and Lord Darnley in 1566 as part of their fourth period, Type II coinage, just before Mary's second widowhood in 1567. With active roles in circulation both before and after the revaluation, these coins are most often found with considerable wear and impairments. The present piece represents a truly delightful survivor, offering both strong eye appeal and superior sharpness.

From the Loch Ness Collection.

Estimate: $1500 - $2000