Watch List notes:

Scotland, Kingdom. James VII AR 40 Shillings. Edinburgh mint, 1687. IACOBVS · II · DEI · GRATIA ·, laureate and draped bust to right, 40 below / MAG · BRIT · FRA · ET · HIB · REX · 1687, crowned Scottish coat-of-arms. Edge Inscription: EMO ME IMPVNE LACESSET ANNO REGNI TERTIO. SCBC 5636-5637.

NGC graded XF 40 (#4770504-001).

From a private Swiss collection;
Acquired from Stanley Gibbons (Guernsey) Limited, prior to 2017.