Watch List notes:

James I, second coinage, spur-ryal of 15 shillings, mm. rose (1605-06), crowned figure of king with sword and shield stg. facing in ship with rose on side and flag featuring I insignia flying from forecastle, rev. floriated cross with a lis at end of each limb, rose on spur-rowel at centre, in each angle a lion passant crowned, all within a tressure of eight arches, wt. 6.83gms. (S.2614; N.2080; Schneider 11), extremely fine with sharply struck features, on a broad flan with complete rims, fully detailed legends and a sensitive portrayal of the king's bearded face, a classic of the English Renaissance, in all, a lovely example
£40,000-50,000
* ex Hazeldine Collection
ex Ryan Collection, Glendining, 28/6/1950, lot 364 (the best of his three ship ryals)
ex Norweb, lot 388, Spink, 13 November 1985