Watch List notes:

James IV, billon penny, second issue, class IV (c. 1488 – 1513), round facing bust, IACOBVS [DEI GRA] REX SCOT, rev. long cross, lis and crowns in alternate angles, VILL [A DE] EDIN BVRG, wt. 0.63gms (S.5362), scarce in this condition, good very fine
Purchased by M Rasmussen, 22/05/2010, for £125

Estimate: 250 - 400 GBP