Watch List notes:

Robert III, half groat, heavy coinage, second issue, Perth, crowned facing bust within tressure of six arcs with the left arc to the centre of the bust, the points ornamented with trefoil, ROBERTVS D G REX SCOTORV, rev. DNS P TECTOR MS LIB ATORM, inner legend, VILLA DE PERTH, wt. 1.38gms (S.5175), rare, good portrait, seldom seen this nice, good fine
*ex Davidson, DNW December 2003, lot 394
ex Studio coins, March 2005, purchased for £275
BNJ Vol. 82, 2012. P226/227
Same dies as SCBI 35, item 604
Burns cf fig. 376 no. 13 variety

Estimate: 325 - 400 GBP