Watch List notes:

Mary, testoon, first period, type II (d. 1555), large M crowned, crowned thistle each side, MARIA DEI G SCOTOR REGINA 1555, rev. shield over cross potent, DILICIE DNI COR HVMILE, wt. 7.49gms (S.5402), very rare, a very pleasing example, good very fine
*ex DNW Auctions, 83, 30/09/2009, lot 4220, estimated at £400 – 600
SCBI vol 58, no. 297
Burns fig. 783 no. 5 variety
Murray's example was bought by NMS

Estimate: 1000 - 1500 GBP