Watch List notes:

James I, penny, group B, corresponds with the first fleur-de-lis issue groats, Inverness, facing bust as first issue groats, but without sceptre, has two lines below and the one after REX is on its side, king's crown is double punched, IACOBV[S DE]I G[RA] REX SC, rev. initial cross before VILLA, VIL[LA IN]V[ER]NIS, wt. 0.58gms (S.5211), coin broken to edge at 7-8 o'clock, otherwise fine, exceedingly rare
Burns fig. 426 no. 7 (same dies)

Estimate: 300 - 500 GBP