STUART. James I. 1603-1625. AR Shilling (19mm, 5.91 g, 3h). First coinage. Tower (London) mint; mm: thistle. Struck 1603-1604. Crowned first bust right; XII (mark of value) to left / Coat-of-arms. North 2072; SCBC 2645. Toned, short scratch to left of shield. VF.
From the MWF Collection. Ex Andrew Wayne (Classical Numismatic Group 72, 14 June 2006), lot 2604, purchased from Spink.