SCOTLAND. James VI. 1567-1625. AR sixteen shillings. 11.4 gm. 36 mm. Third coinage. 1581. Crowned Scottish shield; IACOBVS 6 DEI GRATIA REX SCOTORVM around / A crowned thistle, I — R in fields on sides; NEMO ME IMPVNE LACESSET 1581 around. S. 5482. Burns 1a. Fig 930c. Extremely Fine; choice toning over exceptionally lively surfaces; among the finest known.
Ex J. L. Dresser. Stack's Auction. April 1987. (Lot 1876)
Ex H. A. Parsons. Glendining Auction. May 1954. (Lot 755).
Scotland's Third Coinage was a short-lived issue. Increasing silver values led Parliament to recall silver in 1580. This issue in October 1581 was recalled soon after it began for the same reason. The third coinage was authorized by Parliament on February 27th, 1580/81 (1581 Gregorian). The Act of October 24, 1581 recalled the issue. All the issues are extremely rare, even more so in choice condition.
The Parsons catalog described this piece as "Extremely Fine and extremely rare, only about four or five specimens known." A later note by Spink with the Marshall collection piece (2004) suggested a larger number extant: "It is certainly an exceptionally rare denomination but the corpus is likely to be nearer a dozen coins, of which eight have appeared on the market over the last forty years."
Three are held in British Museum collections—two in Edinburgh and one in the Ashmolean, Oxford. This piece is better than any of those three. The Murdoch piece (May 1903, lot 248) has a flan crack or cut extending from the edge just past the numeral 1 in the date to the left outer arch of the crown. The Lockett piece subsequently offered in the Dundee sale is "Heavily tooled (with attendant scratching)" to cite the Dundee cataloger. The LaRiviere piece, also ex Cochran Patrick 276 and Murray 272 and currently the Spink Catalog plate coin is very fine, attractive but without the underlying brilliance of this piece.
Davissons Ltd uses a soft close for its auctions, which means no lot closes until everyone is done bidding. Every time a bid is placed within the final 40 seconds of a lot closing, the timer is reset to 40 seconds. This continues until no bids are placed for 40 seconds, at which point the lot closes. There will never be more than one lot closing at once, as the next lot is not allowed to begin closing until the current lot closes.
To bid: enter your maximum bid into the text box, and click submit. Only round dollar amounts are accepted. You are then required to confirm your bid. Once confirmed, all bids are final. If you have placed a bid in error you must call during office hours and speak to one of us. If you are the current high bidder then it will display “Current High Bidder: YOU” If you are not the high bidder, or if you are not logged in, then the current high bidder will be identified by their 5 digit client ID. You may find your client ID under the Account tab.
Bids are reduced automatically, so feel free to bid your maximum and it will be reduced to one increment over the current high bid. If a user places a bid that is higher than necessary to be the current high bidder on the lot, the displayed bid will reflect one advance over the next lower bid. For example, if a user "A" places a bid of $120 on a lot which opens at $100, "A" will be winning that lot at $100. If another user "B" bids $110, the winning bidder will be "A" at $120, one advance over the supporting bid of $110. If user "B" in this example instead placed a bid at $120, then user "A" will still be winning at $120 because they placed that maximum bid value first.
Increments can be viewed here. The next bid will always be on the next increment, so if a user is winning a lot at $100, or $105, or $109, the next bid will still always be $110.Close