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  1. Winning Losing Won Lost Watching Available in aftersale  
    Among the best for this rare date
    A43, Lot 237:

    SCOTLAND. Mary Stuart. 1542-1567. AR testoon. 6.09 gm. 28.5 mm. Third period, 1560-1565. First widowhood. 1562 Scarcest date). Her bust left in contemporary costume; MARIA DEI GRA SCOTORVM REGINA around, 1562 in tablet below / Crowned arms of France and Scotland, crowned M to either side; SALVVM FAC POPVLVM TVVM DOMINE. S. 5422. SCBI 35 1113. Burns II: p 333:4. pl lxiv:899. Extremely Fine; well struck and beautifully toned, small area of light scratches in front of face.

    The Leland Scott Collection. A rare date; purchased privately by the cataloger from Spink earlier this century with a notation that only 20 or so are known of this date and this is among the top third in terms of condition; judging from the few photographs available for this piece--museum collections and examples sold at auction over the past couple of decades--this piece does rank as among the best; even the Burns 1562 piece has weak facial details and the SCBI examples are more worn, three of them significantly so. The well-detailed strike on this piece is superior to that shown on the Murdoch example as well.

    The last sale for which I can find a record of a high grade 1562 piece is a January 2012 sale at the New York International Coin Fair where the Baldwin's/Markov/M&M auction sold an example for $27,500 plus commission. That piece, while well centered and generally well struck lacks all eye detail and has several pronounced digs in the obverse field. (I recall viewing the coin at that time. AD).

  2. Winning Losing Won Lost Watching Available in aftersale  
    Extremely rare irregular striking
    A40, Lot 185:

    SCOTLAND. Mary Stuart. 1542-1567. AR ryal. 28.93 gm. 44 mm. Rare irregular striking with Henry's name before Mary's (see references noted below) (446.5 grains, near appropriate weight for the ryal issue). 1566. Crowned shield, thistle each side; HENRIC & MARIA DEI GRA R & R SCOTORV around / A tortoise climbing a palm tree; DAT GLORIA VIRES on a scroll (A genuine die used). S. 5425 type. SCBI 58, Edinburgh: 1189 (same dies). Good Very Fine; beautiful old collection toning; well struck on a full round flan. Three known. We handled another in 2015 (Auction 35, realized $7500). The third piece, ex Lockett, is in The National Museum of Scotland, Edinburgh. All are from the same dies, the reverse being a somewhat worn genuine die that was used to strike regular issues.

    The young Henry Darnley had journeyed to Scotland to press his claim to the English throne, Mary was in line in front of him and when they married he pressed to be proclaimed king, co-equal with Mary. Coinage would express this. When Mary and Francis were married Francis's name appeared first on the coin (as did Philip's name when he and Mary Tudor married), but both Francis and Philip were kings in their own right. The callow Henry was not, but he did keep trying and he had friends who helped. The exact plan behind this piece is uncertain, but the reverse die is a genuine mint die and the weight is correct.

    Holmes, N. (Scottish Coins in the National Musems of Scotland, Edinburgh, Part I. SCBI 58: 1189, 429) suggests "more likely an irregular striking." Rampling & Murray, BNJ 59 (1989), p. 213. "The Coinage of the Marians in Edinburgh Castle in 1572—an Addendum" discusses the issue and notes the Lockett example. We have published a more detailed discussion on our website here. (AD)

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