Watch List notes:

SCOTLAND. Penny, ND (1280-86). Alexander III. NGC EF Details--Environmental Damage.
S-5056. Weight: 1.39 gms. Second Coinage. A bold portrait and virtually full legends on both sides. Flashes of luster remain at the upper obverse. Scattered encrustations and heavy patina are noted in areas, but overall pleasing for the type.

From the Loch Ness Collection.

Estimate: $100 - $200