Watch List notes:

James I, groat, second fleur-de-lis issue, Perth (c. 1406 – 1437), bust within tressure of seven arcs, lis on breast, 'I' on sceptre handle, IACOBVS DEI TRACIA REX SCO, rev. one small and three large pellets in first and fourth quarters of cross, lis in second and lis, saltire and crescent in third, text divided by lis and cross, DNS PTECT ORMS LIBATO, inner legend, VILLA DE PERTH, wt. 2.14gms (S.5201), very rare, fine
*ex DNW, auction December 2003, the Davidson collection, lot 405, purchased for £305
These provincial mints are rare, the second coinage more rare than the first
Burns fig. 48C

Estimate: 450 - 600 GBP