Watch List notes:

SCOTLAND. Charles I. 1625-1649. AR 12 Shillings (32mm, 5.69 g, 6h). Third coinage, Falconer's second issue. Edinburgh mint; im: thistle/–. Struck 1637-1642. Crowned bust left; small horizontal F to left of thistle / Crowned coat-of-arms; crowned C R, each with quadrate diamond below, flanking. Burns 42 (fig. 1020); SCBI 35 (Ashmolean & Hunterian), 1502-7 (same dies); SCBC 5561. Toned, adjustment marks on obverse, delamination on reverse, struck on a naturally irregular flan. Good VF.

From the New Horizons Collection. Ex Arthur M. Fitts III Collection (Classical Numismatic Group 103, 14 September 2016), lot 1236; St. James's 2 (11 May 2005), lot 569.