SCOTLAND. James V. 1531-1542. AV Ducat. 40 shillings. "Bonnet piece" 5.75 gm. 23 mm. (88.75 grains, standard of 83.3 grains; Burns examples 88 grains) Third coinage. 1539-1542. 1540 (first dated issue in the British Isles). Bearded bust of the king facing, head facing right in Renaissance style wearing a bonnet, a pellet on the inner circle behind the head; X (St. Andrew's cross i.m.) IΛCOBVS •5 •DEI * GRΛ • SCOTOR• 1540 •CIΛ REX S\CO / Arms of Scotland a crowned shield over a cross fleurée; (Cross i.m.) HONOR •REGIS • IVDICIVM • DILIGIT. S. 5373. Burns II: 251:4; pl. lvi:754. Good Very Fine; well centered, very slight doubling of the profile, slight die rust in obverse field left, otherwise well and evenly struck and attractive in hand. Very rare.
The Leland Scott Collection
Ex Spink 175. 29 September 2005. Lot 1433.
James died in 1542, his daughter Mary just six days old. She was crowned "Queen of the Scots" the very next day, and ruled in the north, a central figure in the first 30 years of the reign of her cousin Elizabeth.
The wonderful portrait ducats or "bonnet" pieces of 1539 and 1540 are a rare two-year type and the first dated coins of Scotland and the British Isles.
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